The company said net sales for the 3 months ended September 30, 2026 increased 3% to $1,966 million. Excluding divestitures and the effect of currency translation, it said net sales rose 4%, citing higher net selling prices, which contributed 5%, and higher sales volume of North America plumbing products, which contributed 2%.

1. 01

   The company said net sales for the 3 months ended September 30, 2026 increased 3% to $1,966 million. Excluding divestitures and the effect of currency translation, it said net sales rose 4%, citing higher net selling prices, which contributed 5%, and higher sales volume of North America plumbing products, which contributed 2%.

2. 02

   The company said gross profit for the 3 months ended September 30, 2026 increased 10% to $720 million, and operating profit increased 12% to $338 million. It said higher net selling prices contributed 14% to the change in gross profit.

3. 03

   The company said it began receiving IEEPA tariff refunds in Q2 2026 and has recognized a receivable on September 30 for unpaid refunds that are probable of collection and reasonably estimable. Operating profit for the 9 months included a net tariff benefit from IEEPA refunds of approximately $90 million, mainly within the Plumbing Products segment.

4. 04

   Masco said it repurchased and retired approximately 12.3 million shares of its common stock for approximately $861 million during the 9 months of 2026. As of September 30, approximately $1.2 billion remained under the 2026 authorization. The company said it used $300 million of borrowed term loan funds to repurchase shares, and it expects to use approximately $1.0 billion for share repurchases in 2026.

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.

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