Masco Corp
XMUN:MSQ
Decide at what price you'd be comfortable buying and we'll help you stay ready.
|
M
|
Masco Corp
XMUN:MSQ
|
US |
|
S
|
SLB NV
XMUN:SCL
|
US |
Masco Corp
Masco makes home improvement and building products that show up in kitchens, bathrooms, and around the house. Its brands include faucets, shower systems, cabinets, and other fixtures and hardware used in new homes, remodels, and repair projects. The company sells mainly to builders, contractors, distributors, home centers, and consumers through retail channels. Masco makes money by selling these products through a mix of branded consumer sales and business-to-business channels. A large part of its business depends on remodeling activity and new home construction, because customers buy its products when they build, update, or repair homes. It also earns from replacement demand, since many of its products wear out or are replaced for style and functionality. What makes Masco’s business model distinct is that it sits in the middle of the home improvement supply chain, where brand, design, and product reliability matter a lot. It does not usually build homes or install the products itself; instead, it designs and manufactures the items that other companies and homeowners choose and install. That gives Masco a steady role tied to everyday housing needs rather than to one-time project sales alone.
Masco makes home improvement and building products that show up in kitchens, bathrooms, and around the house. Its brands include faucets, shower systems, cabinets, and other fixtures and hardware used in new homes, remodels, and repair projects. The company sells mainly to builders, contractors, distributors, home centers, and consumers through retail channels.
Masco makes money by selling these products through a mix of branded consumer sales and business-to-business channels. A large part of its business depends on remodeling activity and new home construction, because customers buy its products when they build, update, or repair homes. It also earns from replacement demand, since many of its products wear out or are replaced for style and functionality.
What makes Masco’s business model distinct is that it sits in the middle of the home improvement supply chain, where brand, design, and product reliability matter a lot. It does not usually build homes or install the products itself; instead, it designs and manufactures the items that other companies and homeowners choose and install. That gives Masco a steady role tied to everyday housing needs rather than to one-time project sales alone.
Results: Masco said first-half results were strong and in line with expectations, with Q2 operating profit up 17% to $482 million and EPS up 26% to $1.64.
Tariff Refunds: The company booked a net $95 million IEEPA tariff refund benefit in Q2 and now estimates an $85 million full-year net benefit, which helped lift guidance.
Guidance: Full-year 2026 EPS guidance was raised to $4.40 to $4.60 from $4.10 to $4.30, while sales are still expected to be up low single digits.
Investments: Masco said it made targeted, opportunistic growth investments in Plumbing during Q2, largely a one-time action tied to the tariff refund opportunity, and expects those investments to support future growth.
Demand Mix: Plumbing held up better than the headline sales number suggests, with North American sales up low single digits in the first half excluding investments, while International Plumbing grew on strength in Europe and weakness in China.
Paint: Decorative Architectural remained challenged, with PRO paint growing mid-single digits but DIY paint falling high single digits; full-year DIY sales are still expected to be down mid-single digits.
Cash Use: The company returned $454 million to shareholders in Q2 and increased its 2026 capital deployment expectation to about $1 billion for buybacks or acquisitions.