08:45 AM EDT, 04/24/2024 (MT Newswires) -- Masco ( MAS ) reported Q1 adjusted earnings Wednesday of $0.93 per diluted share, up from $0.86 a year earlier.

Analysts polled by Capital IQ expected $0.88.

Net sales for the quarter ended March 31 was $1.93 billion, down from $1.98 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.94 billion.

For full-year 2024, the company said it expects adjusted net income of $4.00 to $4.25 per share. Analysts polled by Capital IQ expect $4.12.

Shares of the construction tools and building materials company were down 6% in recent Wednesday premarket activity.

Price: 68.51, Change: -4.50, Percent Change: -6.16