MAS Stock Recent News

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.

Shares of Masco Corporation have largely followed the market higher since I last rated the firm a 'hold' in October 2022. This is in spite of a decline in revenue and due in part to a rise in profits and cash flows. The picture for the business is improving, but it's not ready for an upgrade, even as earnings near.

Masco (MAS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Masco Corporation MAS shares have lost 15.8%% in the past three months compared with the Zacks Building Products – Miscellaneous industry's 10.9% decline and the broader Zacks Construction sector's 9.3% dip. It has also lagged the S&P 500's rise of 6.6%.

Bolivian President Luis Arce replaced top military leaders on Wednesday in response to an attempted coup d'état in which troops took over Plaza Murillo in La Paz and rammed an armored vehicle into the doors of the presidential palace so soldiers could storm the building."We denounce irregular mobilizations of some units of the Bolivian army," Arce, a member of the Movement for Socialism (MAS) party, said on social media. "Democracy must be respected."As The Associated Press reported:In a video o...

LIVONIA, Mich.--(BUSINESS WIRE)--Masco Corporation (NYSE: MAS) announced today that it will hold a conference call regarding 2024 second quarter results on Thursday, July 25, 2024, at 8:00 a.m. ET. The conference call will be hosted by Masco President and Chief Executive Officer Keith Allman. Participants in the call are asked to register five to ten minutes prior to the scheduled start time by dialing 800-549-8228 or 646-564-2877. Please use the conference identification number 45864. The 2024.

LIVONIA, Mich.--(BUSINESS WIRE)--Masco Corporation (NYSE: MAS) today announced that it has received notice of an unsolicited mini-tender offer by TRC Capital Investment Corporation of Ontario, Canada to purchase up to 2 million outstanding shares of Masco common stock at a price of $64.00 per share in cash. TRC Capital Investment's offer price of $64.00 per share is approximately 4.68 percent lower than the $67.14 closing share price of Masco's common stock on June 10, 2024, the last trading da.

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