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Masco Corporation Beats 1Q Earnings, Misses Revenue

Masco Corporation MAS is one of the leading cabinetry manufacturers in the U.S. and holds one of the largest shares in faucets. Its popular brands include KraftMaid and Merillat cabinets, Delta and Hansgrohe faucets, Behr paint and Milgard windows.  

Demand for Masco’s products has been benefiting from an increase in new home construction and home improvement activities in North America. The repair and remodel market recovery is also gaining traction. However, international revenue is hurt by unfavorable foreign currency translations.

Investors should also note that there have been no significant earnings estimate revisions for MAS. However, MAS has an impressive earnings history. The home improvement and building products company has posted three positive earnings surprise in the past four quarters, with an average positive surprise of 7.90%.   

Currently, MAS has a Zacks Rank #2 (Buy), but that could definitely change following Masco’ earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: MAS beats on earnings. Our consensus earnings estimate called for EPS of 25 cents /share, and the company reported EPS of 32 cents instead. Investors should note that these figures take out stock option expenses.

Revenues: MAS reported revenues of $1.72 billion. This missed our consensus estimate of $1.73 billion.     

Key Stats to Note: Cabinets and Related Products Segment revenues were down 5% year over year.

Stock Price: Inactive in pre-market trading.

Check back later for our full write up on this MAS earnings report later.

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MASCO (MAS): Free Stock Analysis Report
 
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