Overview

* Masco ( MAS ) Q3 net sales fell 3%, missing analyst expectations

* Home improvement products maker's adjusted EPS for Q3 decreased 10%, missing analyst estimates

* Company repurchased 1.8 mln shares for $124 mln

Outlook

* Masco ( MAS ) expects 2025 adjusted EPS between $3.90 and $3.95

* Company anticipates 2025 EPS in the range of $3.84 to $3.89

* Masco ( MAS ) notes near-term market conditions remain challenging

Result Drivers

* GEOPOLITICAL AND MACROECONOMIC CHALLENGES - Masco ( MAS ) cites dynamic geopolitical and macroeconomic environment as headwinds affecting Q3 results

* PLUMBING PRODUCTS GROWTH - Plumbing Products' net sales increased 2% in Q3, partially offsetting declines in other segments

* DECORATIVE PRODUCTS DECLINE - Decorative Architectural Products' net sales decreased 12%, impacting overall sales performance

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Miss $1.92 $1.94

bln bln (20

Analysts

)

Q3 Miss $0.97 $1.03

Adjusted (20

EPS Analysts

)

Q3 EPS $0.90

Q3 Gross 34.20%

Margin

Q3 16.30%

Adjusted

EBIT

Margin

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy", 15 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the construction supplies & fixtures peer group is "buy."

* Wall Street's median 12-month price target for Masco Corp ( MAS ) is $75.00, about 8.8% above its October 28 closing price of $68.43

* The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)