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LOS ANGELES--(BUSINESS WIRE)--Kingswood Capital Management, LP (together with its affiliates, “Kingswood”) announced today that it has acquired Kichler Lighting, LLC (“Kichler”) from Masco Corporation (NYSE: MAS). Kingswood will merge Kichler with its portfolio company, Progress Lighting, LLC (“Progress”) to create one of North America's leading residential lighting platforms featuring complementary, industry-recognized brands. The combined company will benefit from expanded distribution and se.
LIVONIA, Mich.--(BUSINESS WIRE)--Masco Corporation (NYSE: MAS) announced today that it has signed a definitive agreement to sell its Kichler Lighting business to an affiliate of Kingswood Capital Management for a purchase price of approximately $125 million, subject to customary adjustments. Headquartered in Solon, Ohio, Kichler Lighting is a provider of decorative residential and light commercial lighting products, ceiling fans and LED lighting systems across both consumer and professional dis.
New data shows choosing a red paint color is on the rise amongst Americans–where nostalgic flair meets undeniable elegance SANTA ANA, Calif. , Aug. 21, 2024 /PRNewswire/ -- Today, Behr Paint Company announces its highly anticipated 2025 Color of the Year: Rumors, a deep and dynamic ruby red that empowers DIYers, designers and paint professionals to create impactful color moments.
New data shows choosing a red paint colour is on the rise amongst Canadians–where nostalgic flair meets undeniable elegance New data shows choosing a red paint colour is on the rise amongst Canadians–where nostalgic flair meets undeniable elegance
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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.