Masco Q3 sales beat on Plumbing Products unit strength
MAS•Masco's third-quarter net sales rose 3% to $1.97 billion, topping analysts' $1.93 billion estimate, while adjusted EPS of $1.19 beat the $1.03 estimate. The company raised its 2026 adjusted EPS guidance to $4.65-$4.75 from $4.40-$4.60.
1. Quarterly results
Masco's third-quarter net sales rose 3% to $1.97 billion, compared with analysts' $1.93 billion estimate. Adjusted EPS increased 23% to $1.19, beating the $1.03 estimate; reported EPS was $1.17. Gross margin was 36.60% and adjusted EBIT margin was 17.90%.
2. Guidance and demand
The company raised its 2026 adjusted EPS guidance to $4.65-$4.75 from $4.40-$4.60 and expects 2026 EPS of $4.51-$4.61. It expects the near-term demand environment to remain challenged.
3. Sales and returns
Masco said higher sales in its Plumbing Products segment drove sales growth, and North American sales rose 5% in local currency. It returned $322 million to shareholders through dividends and share repurchases.
