The company said net sales for Q3 2024 were in line with the prior year at $1,983 million, and operating profit fell 7% from the prior-year period to $357 million from $383 million.

1. 01

   The company said net sales for Q3 2024 were in line with the prior year at $1,983 million, and operating profit fell 7% from the prior-year period to $357 million from $383 million.

2. 02

   The company said adjusted operating profit for Q3 rose 3% to $360 million, adjusted operating margin was 18.2%, and adjusted earnings per share were $1.08 ($1.00 a year earlier).

3. 03

   Masco said reported diluted earnings per share for Q3 were $0.77, compared with $1.10 a year earlier, and that the preliminary loss of $81 on the sale of the Kichler Lighting business was included in its adjustments.

4. 04

   The company set its adjusted earnings per share outlook for 2024 at $4.05 to $4.15, compared with its prior outlook of $4.05 to $4.20. It also repurchased 2.5 million shares for $192 million in Q3 and declared a quarterly dividend of $0.29 per share.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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