Masco Corporation Reports Second Quarter 2025 Results

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

Highlights

• Net sales decreased 2 percent to $2,051 million; in local currency and excluding divestitures, net sales were in line with prior year
• Operating profit margin increased 110 basis points to 20.1 percent; adjusted operating profit margin increased 100 basis points to 20.1 percent
• Earnings per share was $1.28; adjusted earnings per share grew 8 percent to $1.30
• Repurchased 1.6 million shares for $101 million
• Expect 2025 earnings per share in the range of $3.87 – $4.07 per share, and on an adjusted basis, $3.90 – $4.10 per share

2025 Second Quarter Results

• On a reported basis, compared to the second quarter 2024:
  • Net sales decreased 2 percent to $2,051 million; in local currency and excluding divestitures, net sales were in line with prior year
    • Plumbing Products’ net sales increased 5 percent; in local currency net sales increased 4 percent
    • Decorative Architectural Products’ net sales decreased 12 percent; in local currency and excluding divestitures, net sales decreased 4 percent
    • In local currency, North American sales decreased 3 percent and International sales increased 1 percent
  • Gross margin increased 10 basis points to 37.6 percent from 37.5 percent
  • Operating profit increased 4 percent to $412 million from $397 million
  • Operating margin increased 110 basis points to 20.1 percent from 19.0 percent
  • Net income increased 9 percent to $1.28 per share, compared to $1.17 per share
• Compared to second 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 10 basis points to 37.7 percent from 37.6 percent
  • Operating profit increased 4 percent to $413 million from $399 million
  • Operating margin increased 100 basis points to 20.1 percent from 19.1 percent
  • Net income increased 8 percent to $1.30 per share, compared to $1.20 per share
• Liquidity at the end of the second quarter was $1,344 million (including availability under our revolving credit facility)

“During the first half of this year, we demonstrated our ability to successfully navigate a dynamic geopolitical and macroeconomic environment through our focused execution,” said Masco President and CEO, Jon Nudi. “Our second quarter results were strong as we expanded adjusted operating profit margin by 100 basis points to 20.1 percent, and we grew adjusted earnings per share by 8 percent to $1.30. Additionally, our capital allocation strategy enabled us to return $167 million to shareholders through dividends and share repurchases.”

“For the second half of this year, we remain confident in the ability of our teams to continue to execute our strategic priorities to drive results, even while uncertainty surrounding near-term market conditions persists,” continued Nudi. “Therefore, we are restoring our financial guidance for 2025.”

“We believe sales across the global repair and remodel markets will be down low-single digits for the year. We expect our full year 2025 sales will be generally in line with the prior year when adjusted for divestitures and currency, as we expect to continue to outperform the market in 2025,” said Nudi. “We anticipate our full year adjusted earnings per share to be in the range of $3.90 to $4.10. With our industry leading brands, innovative product portfolio, and strong customer service, as well as our disciplined capital allocation, we believe Masco is well positioned to continue to deliver long-term shareholder value.”

Dividend Declaration

Masco’s Board of Directors declared a quarterly dividend of $0.31 per share, payable on August 25, 2025 to shareholders of record on August 8, 2025.

For 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