MAS Stock Recent News

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Masco's (MAS) second-quarter 2024 results benefit from operational improvements.

While the top- and bottom-line numbers for Masco (MAS) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Masco (MAS) came out with quarterly earnings of $1.20 per share, beating the Zacks Consensus Estimate of $1.16 per share. This compares to earnings of $1.19 per share a year ago.

LIVONIA, Mich.--(BUSINESS WIRE)--Masco Corporation (NYSE: MAS), one of the world's leading manufacturers of branded home improvement and building products, reported its second quarter 2024 results. 2024 Second Quarter Results On a reported basis, compared to second quarter 2023: Net sales decreased 2 percent to $2,091 million; in local currency and excluding acquisitions, net sales decreased 2 percent Plumbing Products' net sales increased 2 percent; in local currency and excluding acquisitions.

Masco's (MAS) second-quarter results are likely to reflect inflationary pressure and demand softness.

French investment firm Ardian has bought a majority stake in Italian pharmaceutical and biotech company Masco, the firms said on Monday, in a deal which two sources said gave an enterprise value of around 700 million euros ($762 million) for the stake.

Masco Corporation stock has performed well since my previous bullish article, gaining over 30%. Expectations for revenue recovery are low going into Q2 earnings, but stabilizing demand trends are expected. The company is gaining market share, benefiting from strength in PRO paints channel and secular demand trends in repair and remodeling sectors.