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Masco logoMasco MAS

Masco said net sales for the 3 months ended June 30, 2025 were $2,051 million, a decrease of 2%. Excluding divestitures and the effect of currency translation, net sales were flat, and the company cited higher net selling prices of plumbing products, up +2%, and lower sales volume of paints and other coating products, down -1%, as the main factors.

10-QQuarterly reportFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Masco said net sales for the 3 months ended June 30, 2025 were $2,051 million, a decrease of 2%. Excluding divestitures and the effect of currency translation, net sales were flat, and the company cited higher net selling prices of plumbing products, up +2%, and lower sales volume of paints and other coating products, down -1%, as the main factors.

  2. The company said gross profit for the 3 months was $772 million, a decrease of 2%, and operating profit was $412 million, an increase of 4%. Masco cited lower selling, general and administrative expenses and decreased gross profit as factors affecting the change in operating profit, and said selling, general and administrative expenses were $361 million, a decrease of 7%.

  3. The company said net sales for the 3 months increased 5% in the Plumbing Products segment and decreased 12% in the Decorative Architectural Products segment. Masco cited the divestiture of Kichler, down -8%, and lower sales volume, down -4%, as factors in the Decorative Architectural Products segment decline.

  4. The company said net cash provided by operations for the 6 months ended June 30, 2025 was $148 million, and it used $231 million for the repurchase and retirement of common stock and $132 million for the payment of cash dividends. Masco said approximately $666 million remained under the 2022 authorization as of June 30, and it anticipated using at least $450 million for share repurchases in 2025.

Key figures

Quarter ended June 30, 2025

Revenue
$2.1B
Operating income
$412M
Net income
$270M
EPS
$1.28
Gross profit
$772M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Q2 Net Sales $2,051 million, Down 2%

Masco said net sales for the 3 months ended June 30, 2025 were $2,051 million, a decrease of 2%. Excluding divestitures and the effect of currency translation, net sales were flat, and the company cited higher net selling prices of plumbing products, up +2%, and lower sales volume of paints and other coating products, down -1%, as the main factors.

Source · Based on the MD&A text of the filing

Q2 Gross Profit and Operating Profit

The company said gross profit for the 3 months was $772 million, a decrease of 2%, and operating profit was $412 million, an increase of 4%. Masco cited lower selling, general and administrative expenses and decreased gross profit as factors affecting the change in operating profit, and said selling, general and administrative expenses were $361 million, a decrease of 7%.

Source · Based on the MD&A text of the filing

Segment Net Sales: Plumbing Products Up, Decorative Architectural Products Down

The company said net sales for the 3 months increased 5% in the Plumbing Products segment and decreased 12% in the Decorative Architectural Products segment. Masco cited the divestiture of Kichler, down -8%, and lower sales volume, down -4%, as factors in the Decorative Architectural Products segment decline.

Source · Based on the MD&A text of the filing

6-Month Cash Flows and Share Repurchases

The company said net cash provided by operations for the 6 months ended June 30, 2025 was $148 million, and it used $231 million for the repurchase and retirement of common stock and $132 million for the payment of cash dividends. Masco said approximately $666 million remained under the 2022 authorization as of June 30, and it anticipated using at least $450 million for share repurchases in 2025.

Source · Based on the MD&A text of the filing

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.