Welcome to our dedicated page for Masco news (Ticker: MAS), a resource for investors and traders seeking the latest updates and insights on Masco stock.
Masco Corporation (NYSE: MAS) is a manufacturer of branded home improvement and building products, and its news flow reflects activity across its plumbing and decorative architectural segments. Headquartered in Livonia, Michigan, Masco regularly issues press releases on quarterly and annual financial results, leadership changes and strategic initiatives affecting its portfolio of brands, which includes Behr paint, Delta and hansgrohe faucets, Liberty decorative and functional hardware, and HotSpring spas.
Investors following MAS news can expect detailed earnings announcements that discuss net sales, operating margins, segment performance for Plumbing Products and Decorative Architectural Products, and capital allocation decisions such as dividends and share repurchases. Masco also announces the dates and logistics for its earnings conference calls and webcasts, providing access information for shareholders and analysts.
News related to Masco’s subsidiaries, particularly Behr Paint Company, highlights product launches, marketing programs and technology partnerships. Recent Behr releases have covered new paint products with specific environmental and performance attributes, annual Color of the Year selections and associated color trend palettes, and a partnership with Google Cloud to develop an AI-powered color selection agent called ChatHUE.
Corporate governance and leadership updates are another recurring theme in Masco’s news. The company has announced the formation of an Executive Committee that includes presidents of key business units, as well as board appointments and executive transitions disclosed through press releases and Form 8-K filings.
For market participants, Masco’s news page offers a centralized view of these developments, from financial performance and capital allocation to brand-level innovation and leadership changes. Regularly reviewing MAS news can help readers understand how the company is managing its home improvement and building products portfolio over time.
Masco Corporation (NYSE: MAS) will hold a conference call on July 28, 2022, at 8:00 a.m. ET to discuss its 2022 second quarter results. Attendees need to register in advance by calling (844) 200-6205 (U.S.) or (929) 526-1599 (international) using access code 593826. Results will be available at 7:00 a.m. ET on the same day on the company's website. The conference call will be webcast live, and a replay will be accessible post-call until August 28, 2022.
Behr Paint Company has launched BEHR PREMIUM™ Spray Paint, available in 51 colors including new textured and metallic finishes. This new product features a combined paint and primer formulation for a durable finish, suitable for various surfaces like wood, metal, and plastic. Behr has partnered with Color Influencer Courtney Quinn to showcase the product's versatility. The spray paint is exclusively available at The Home Depot in 26 core colors and 25 specialty options. Customers can participate in a $10,000 DIY transformation contest through BehrSprayitYourWay.com.
Behr Paint Company has launched BEHR® COPPER FORCE™ Interior Paint, an innovative product designed to kill 99.9% of bacteria and viruses, including SARS-CoV-2, within two hours on painted surfaces. Powered by Corning® Guardiant® technology, this paint offers an additional layer of protection for up to six years while enhancing aesthetic appeal. Available in over 2,000 colors at select Home Depot locations, it aims to meet the heightened hygiene standards in homes and facilities like schools and hospitals.
Masco Corporation (NYSE: MAS) has declared a quarterly dividend of $.28 per common share, which will be paid on June 13, 2022. Shareholders must be on record by May 27, 2022 to receive the dividend. Headquartered in Livonia, Michigan, Masco is a leader in home improvement and building products, with recognized brands like Behr paint and Delta faucets. The company focuses on leveraging its brand portfolio across various categories to enhance value for customers and shareholders.
Masco Corporation (NYSE: MAS) has entered into an accelerated share repurchase (ASR) agreement with Wells Fargo Bank to repurchase $500 million of its common stock. This is part of its previously announced $2 billion share repurchase authorization from February 9, 2021. Masco will receive approximately 7.9 million shares initially on May 10, 2022, based on a closing stock price of $53.76. The final number of shares will depend on Masco's volume-weighted average price, with completion expected by July 27, 2022.
Masco Corporation (NYSE: MAS) reported a strong first quarter of 2022 with a 12% increase in net sales, totaling $2,201 million. Adjusted earnings per share rose 7% to $0.95, while net income surged 185% to $0.97. Operating profit experienced a slight decline of 3% to $353 million, with the operating margin at 16.0%. The company returned $431 million to shareholders via dividends and share repurchases. Masco anticipates adjusted earnings per share for 2022 between $4.15 and $4.35, an increase from previous estimates.
Masco Corporation (NYSE: MAS) will hold a conference call on April 27, 2022, at 8:00 a.m. ET to discuss its 2022 first quarter results. The call will be led by President and CEO Keith Allman, with registration required five to ten minutes before the start. Results and supplementary materials will be available at 7:00 a.m. ET the same day, accessible via Masco's website. A replay will be offered post-call until May 27, 2022.
Masco, headquartered in Livonia, Michigan, specializes in branded home improvement and building products.
Behr Paint Company is entering the NFT market in collaboration with Doodles, a popular NFT collection, during the SXSW festival in Austin, Texas, from March 12-14, 2022. Attendees can engage with Doodles' immersive world using Behr paint in a colorful virtual painting wall. The event will feature exclusive POAP NFTs and a surprise musical performance. This partnership aims to attract DIY enthusiasts and expand Behr's presence in the innovative NFT space, leveraging Doodles’ artistic appeal and vibrant color palette.
Masco Corporation (NYSE: MAS) announced that its Chief Financial Officer, John Sznewajs, will participate in a live fireside chat at the Barclays Industrial Select Conference on February 23 at 8:35 a.m. ET in Miami, Florida. The event will be accessible via a live webcast on the company’s website, and a replay will be available until March 23, 2022. Masco is a leader in home improvement and building products, offering brands like Behr®, Delta®, and Kichler®.
Masco Corporation (NYSE: MAS) reported a 9% increase in fourth quarter sales, reaching $2,022 million. Operating profit was $218 million, with adjusted operating profit at $265 million. Earnings per share from continuing operations declined to $0.55, while adjusted EPS was $0.67. For 2022, earnings per share are projected between $4.06 and $4.26. The Board declared a quarterly dividend of $0.28 per share, a 19% increase.
In 2021, total sales grew 17%, totaling $8,375 million, while adjusted EPS rose 19% to $3.70.