- Masco’s adjusted earnings per share (EPS) for Q4 is 89 cents, beating the estimate of 87 cents and showing growth from last year’s 83 cents.
- Net sales totaled $1.83 billion, a decrease of 2.9% year-over-year, and slightly below the estimated $1.84 billion.
- Plumbing Products sales were $1.19 billion, down 1.2% year-over-year, not reaching the estimate of $1.22 billion.
- Decorative Architectural Products net sales decreased by 5.6% to $639 million, exceeding the estimate of $621 million.
- Adjusted operating margin increased to 15.9% from last year’s 14.5%, surpassing the estimate of 15.7%.
- Plumbing Products had an adjusted operating margin of 16.8% compared to the previous year’s 16.4%, though below the estimated 17.4%.
- Decorative Architectural Products saw an adjusted operating margin rise to 17.7% from 14.5% last year, exceeding the estimate of 16%.
- Adjusted gross margin slightly decreased to 34.8% from 35.1% a year prior, not meeting the estimate of 35.3%.
- Adjusted EBITDA increased by 4.5% year-over-year to $328 million, surpassing the estimate of $327.1 million.
- General corporate expenses reduced to $21.0 million from last year’s $26 million, better than the estimated $23.6 million.
- Company leadership highlighted a 6% growth in adjusted EPS amid challenging market conditions.
- Masco anticipates full-year adjusted EPS to be between $4.20 and $4.45 per share given the market outlook.
- Market analysts’ recommendations include 9 buys, 13 holds, and 1 sell for Masco’s stock.
“`
Masco Corp on Smartkarma
Analysts at Baptista Research have delved into Masco Corporation’s recent performance, particularly focusing on how the management is navigating economic ups and downs. Following the company’s solid third-quarter 2024 earnings report, Masco demonstrated strong operational growth in key areas such as plumbing and decorative architectural products. Notably, plumbing sales showed a 2% increase, reflecting a stable net sales trend amidst challenging economic conditions. Baptista Research is actively assessing various factors that could impact Masco’s stock price in the near future, utilizing a Discounted Cash Flow (DCF) method to independently evaluate the company’s valuation.
A look at Masco Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 0 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to Smartkarma Smart Scores, Masco Corp has a strong long-term outlook. With solid ratings for Growth and Momentum, the company is positioned for continued expansion and positive market performance. This suggests that Masco Corp is likely to see ongoing growth opportunities and maintain positive momentum in the market, reflecting well on its future prospects.
While Masco Corp scored lower in Value and Resilience, its solid Dividend score indicates a stable income stream for investors. This combination of factors suggests that while there may be some volatility and challenges, Masco Corp‘s dividends provide a reliable source of returns, boosting investor confidence in the company’s future stability and growth potential.
Company Summary: Masco Corporation specializes in manufacturing and selling home improvement and building products such as faucets, kitchen and bath cabinets, architectural coatings, and builders’ hardware products. The company distributes its products through various retail outlets, catering to both consumers and contractors.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
