07:38 AM EDT, 07/25/2024 (MT Newswires) -- Masco ( MAS ) reported Q2 adjusted net income Thursday of $1.20 per share, up from $1.19 a year earlier.

Analysts polled by Capital IQ expected $1.18.

Net sales for the quarter ended June 30 were $2.09 billion, down from $2.13 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.10 billion.

For 2024, the company said it now expects adjusted EPS in the range of $4.05 to $4.20, compared with its prior outlook of $4.00 to $4.25. Analysts polled by Capital IQ expect $4.09.

Additionally, Masco's ( MAS ) board maintained its quarterly dividend at $0.29 per share, payable Aug. 19 to shareholders of record as of Aug. 2.

Masco's ( MAS ) stock was nearly 5% higher in recent Thursday premarket activity.

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