Masco Corporation Reports First Quarter 2025 Results

Masco Corporation, one of the world’s leading manufacturers of branded home improvement and building products, reported its first quarter 2025 results.

Highlights

• Net sales decreased 6 percent to $1,801 million
• Operating profit margin was 15.9 percent; adjusted operating profit margin was 16.0 percent
• Earnings per share was $0.87
• Repurchased 1.8 million shares for $130 million
• Due to tariff and macroeconomic uncertainty, we are not providing full year 2025 financial guidance at this time

2025 First Quarter Results

• On a reported basis, compared to the first quarter 2024:
  • Net sales decreased 6 percent to $1,801 million; in local currency and excluding divestitures, net sales decreased 3 percent
    • Plumbing Products’ net sales decreased 1 percent; in local currency net sales increased 1 percent
    • Decorative Architectural Products’ net sales decreased 16 percent; in local currency and excluding divestitures, net sales decreased 8 percent
    • In local currency, North American sales decreased 7 percent and International sales were flat
  • Gross margin increased 20 basis points to 35.8 percent from 35.6 percent
  • Operating profit decreased 10 percent to $286 million from $318 million
  • Operating margin decreased 60 basis points to 15.9 percent from 16.5 percent
  • Net income decreased 10 percent to $0.87 per share, compared to $0.97 per share
• Compared to first quarter 2024, results for key financial measures, as adjusted for certain items (see Exhibit A) and with a normalized tax rate of 24.5 percent, were as follows:
  • Gross margin increased 20 basis points to 35.9 percent from 35.7 percent
  • Operating profit decreased 11 percent to $288 million from $322 million
  • Operating margin decreased 70 basis points to 16.0 percent from 16.7 percent
  • Net income decreased 6 percent to $0.87 per share, compared to $0.93 per share
• Liquidity at the end of the first quarter was $1,246 million (including availability under our revolving credit facility)

“During the first quarter, we delivered solid adjusted operating profit margin of 16.0 percent and adjusted earnings per share of $0.87, and we returned $196 million to shareholders through dividends and share repurchases,” said Masco President and CEO, Keith Allman. “We also experienced significant changes in the geopolitical and macroeconomic environment, including the enactment of new and broad-reaching tariffs. Our experienced teams are actively taking steps in an effort to mitigate these increased costs through pricing actions, cost savings initiatives, and sourcing changes, as we have done in the past.”

“Due to the uncertainty that persists around how these changes will impact demand, pricing, and product costs across our industry, we are not providing full-year financial guidance at this time,” continued Allman. “We are focused on responding rapidly to the shifting economic landscape and believe our market leading brands, service levels, and innovative repair and remodel-oriented product portfolio best position Masco to continue to deliver long-term shareholder value.”

For the full results click here.

About Masco

Headquartered in Livonia, Michigan, Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Our portfolio of industry-leading brands includes Behr^® paint; Delta^® and hansgrohe^® faucets, bath and shower fixtures; Kichler^® decorative and outdoor lighting; Liberty® branded decorative and functional hardware; and HotSpring® spas. We leverage our powerful brands across product categories, sales channels and geographies to create value for our customers and shareholders. For more information about Masco Corporation, visit www.masco.com.

Contact:

Robin Zondervan – Vice President, Investor Relations and FP&A – robin_zondervan@mascohq.com – (313) 792-5500

Source: Masco Corporation