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Masco Corporation (MAS) Q1 2023 Earnings Call Transcript.
Although the revenue and EPS for Masco (MAS) give a sense of how its business performed in the quarter ended March 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Masco (MAS) came out with quarterly earnings of $0.87 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.95 per share a year ago.
Masco's (MAS) first-quarter 2023 results are likely to be affected by lower North America and Europe revenues, and higher costs.
Masco (MAS) poses strength on leading brands and cost synergies.
Masco will see slow growth in 2023 and beyond. The stock is fully valued at the current price of around $46.90.
John Lovallo, homebuilding & building products analyst at UBS, is positive on homebuilders, primarily those focused on the hottest segment of the market, first-time homebuyers, because that's a need-based buyer.
Masco (MAS) poses strength on leading brands and cost synergies. Yet slow demand and inflationary woes to hurt in the near term.
Softening demand should impact revenue and margins in FY23. However, longer-term prospects look good.
Masco's (MAS) fourth-quarter earnings suffer supply-chain disruptions and inflation woes.