MAS · Masco Corporation

Masco Corporation reported strong first quarter 2026 results, with net sales increasing 6% to $1,918 million, driven by 9% growth in Plumbing Products (7% in local currency) while Decorative Architectural Products were flat. On a GAAP basis, operating profit rose 10% to $316 million, and operating margin expanded 60 basis points to 16.5%. Adjusted operating profit grew 13% to $324 million, with adjusted operating margin up 90 basis points to 16.9%, reflecting improved cost management and rationalization benefits. Adjusted diluted EPS increased 20% to $1.04, benefiting from share repurchases of 3.1 million shares for $202 million during the quarter. Management highlighted strong execution in a dynamic environment and maintained full-year 2026 adjusted EPS guidance of $4.10-$4.30, signaling confidence in the outlook. The company ended the quarter with total liquidity of $1,261 million, including $388 million in cash and $873 million available under its revolving credit facility, providing ample financial flexibility.