Masco Corp News - MAS

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Masco Corporation to Participate in Fireside Chat at Investor Conference

Masco Corporation (NYSE: MAS) announced today that Keith Allman, President and CEO, will participate in a live fireside chat at the UBS Global...

Form 4 - Statement of changes in beneficial ownership of securities

Form 144 - Report of proposed sale of securities

Masco Corporation to Participate in Fireside Chat at Investor Conference

Masco Corporation (NYSE: MAS) announced today that Rick Westenberg, Vice President, Chief Financial Officer and Treasurer, will present at the...

Form 10-Q - Quarterly report [Sections 13 or 15(d)]

Form 8-K - Current report

Masco Corporation Reports Third Quarter 2024 Results

Highlights Net sales were in line with prior year at $1,983 million Operating profit decreased 7 percent to $357 million; adjusted operating...

Masco Corporation Announces Date for Earnings Release and Conference Call for 2024 Third Quarter

Masco Corporation (NYSE: MAS) announced today that it will hold a conference call regarding 2024 third quarter results on Tuesday, October 29...

Behr Paint Company Hosts First Student Design Competition

Behr Paint Company Hosts First Student Design Competition PR Newswire SANTA ANA, Calif., Sept. 19, 2024 Design...

Masco Corporation Announces Completion of Kichler Lighting Sale

Masco Corporation (NYSE: MAS) announced today the completion of the sale of Kichler Lighting to an affiliate of Kingswood Capital...

Behr Paint Company Introduces Women in Paint – A Program to Support and Empower Women in the Painting Trades

TORONTO, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Behr Paint Company is proud to announce the introduction of its...

Form 4 - Statement of changes in beneficial ownership of securities

Form 144 - Report of proposed sale of securities

EarningsCentral 2 months ago

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whytestocks 5 years ago

News: $MAS Masco Corporation Reports Second Quarter 2019 Results

Key Results Sales decreased 1 percent to $2.3 billion; in local currency, sales matched prior year Operating profit for the quarter increased 9 percent to $392 million; adjusted operating profit increased 5 percent to $399 million Earnings per share increased 21 percent to $...

In case you are interested Masco Corporation Reports Second Quarter 2019 Results

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ValueInvestor15 8 years ago

Masco Corp $MAS 5yr DCF shows big upside before earnings Thursday:

DCF Valuation Model

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stocktrademan 9 years ago

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Enterprising Investor 9 years ago

Masco Outperforms in the Second Quarter 2015 (7/28/15)

Key Highlights

• Sales increased 3 percent to $1.9 billion and increased 7 percent excluding the effects of foreign currency translation

• North American sales increased 7 percent; International sales increased 5 percent in local currency

• Adjusted operating profit increased 22 percent to $280 million

• Adjusted EPS increased 36 percent to $.38 per common share

• Board announces intent to increase annual dividend by $0.02 per share to $0.38 beginning in the fourth quarter

• Tax free spin-off of TopBuild Corp. completed on June 30, 2015

• Masco received a $200 million cash distribution from TopBuild Corp. on June 30, 2015

TAYLOR, Mich.--(BUSINESS WIRE)--Masco Corporation (NYSE: MAS), one of the world’s leading manufacturers of branded home improvement and building products, reported net sales and operating profit growth in the second quarter of 2015. All segments contributed to a 14.5 percent adjusted operating profit margin, representing a 22 percent increase over prior year.

“Continued growth momentum, solid execution, and the timing of paint promotions enabled us to achieve earnings above our expectations for the quarter,” said Masco’s President and CEO Keith Allman. “Importantly, our Cabinets and Related Products segment accelerated the pace of its turnaround, resulting in better than expected top and bottom line results for that segment. In addition to our strong sales and profit growth, we returned nearly $270 million to shareholders through dividends and share repurchases in the first half of 2015.”

2015 Second Quarter Commentary

• Net sales from continuing operations increased 3 percent to $1.9 billion. North American sales increased 7 percent and international sales decreased 10 percent in U.S. dollars but increased 5 percent in local currency

• Compared to second quarter 2014, results for key financial measures, as adjusted for certain items (see Exhibit A) and with a normalized tax rate of 36 percent, were as follows:

-- Gross margins improved to 33 percent compared to 30.7 percent

-- Operating margins improved to 14.5 percent compared to 12.2 percent

-- Income from continuing operations was $.38 per common share compared to $.28 per common share

• Income from continuing operations, as reported, was $.31 per common share

• Liquidity at the end of the second quarter was approximately $1.5 billion

• Approximately 3.8 million shares were repurchased in the second quarter

2015 Second Quarter Operating Segment Highlights

• Plumbing Products’ net sales were flat, but increased 7 percent excluding the effects of foreign currency translation, fueled by ongoing strength in the wholesale and retail channels

• Decorative Architectural Products’ net sales increased 4 percent, driven by new products and the pro paint initiative

• Cabinets and Related Products’ net sales increased 6 percent, driven by KraftMaid® Cabinetry’s sales growth with home centers and dealers

• Other Specialty Products’ net sales increased 8 percent, led by Milgard Windows’ strong performance across all channels and geographies

Outlook

“Masco has delivered a strong first half of the year and we are proud of our focus and execution,” said Mr. Allman. “With the completion of the spin-off of TopBuild Corp., we begin a new chapter in Masco’s history focused on driving shareholder value through our portfolio of industry-leading branded building products, operational excellence and disciplined capital allocation. Our Cabinetry business has returned to profitability and we expect the momentum it has built over the first half of the year to continue. For the balance of 2015, we believe the underlying demand for our market-leading products will increase and that the repair and remodeling environment will continue to improve. We believe we are positioned to capitalize on these opportunities. Reflecting confidence in Masco’s future outlook, our Board of Directors intends to increase our annual dividend by $0.02 per share to $0.38 beginning with the quarterly dividend to be paid in the fourth quarter of 2015.”

About Masco

Headquartered in Taylor, Mich., 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; KraftMaid® and Merillat® cabinets; Milgard® windows and doors; 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 masco.com.

The 2015 second quarter supplemental material, including a presentation in PDF format, is available on the Company’s website at www.masco.com.

http://www.businesswire.com/news/home/20150728005240/en/Masco-Outperforms-Quarter-2015#.VbgVzV7bLIU

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Enterprising Investor 9 years ago

TopBuild Spin-Off from Masco Corporation Completed and Trading as Independent Company Begins (7/01/15)

DAYTONA BEACH, Fla., July 1, 2015 /PRNewswire/ -- TopBuild Corp. (NYSE: BLD), the leading installer and distributor of insulation products to the United States construction industry, announced today the successful completion of its spin-off from Masco Corporation (NYSE: MAS) into an independent, publicly-traded company.

TopBuild is comprised of the former Masco Contractor Services business, now called TruTeam, a nationwide installer of insulation, and Service Partners, a nationwide distributor of residential insulation products and related accessories. TopBuild reported revenue of $1.5 billion in 2014, which represents a compound annual growth rate of 12% since 2012.

After market close on June 30, 2015, Masco Corporation distributed to its stockholders one share of TopBuild common stock for every nine shares of Masco common stock held at time of close of business on the record date of June 19, 2015. TopBuild common stock will begin "regular-way" trading today under the symbol "BLD" on the New York Stock Exchange.

"Today we begin a new chapter in the exciting TopBuild story by becoming a separately traded public company. As the leading installer and distributor of insulation products in the United States, we serve residential and commercial builders of all sizes from coast to coast. Our geographic presence and industry leading service positions us extremely well to drive shareholder value," said Jerry Volas, TopBuild' s Chief Executive Officer.

He continued, "Being part of Masco for the past 20 years has provided TopBuild with the people, processes and systems to prosper as a separate company. On behalf of our 8,000 associates nationwide, I would like to thank everyone at Masco who has contributed to our success. We welcome Masco's shareholders as our own and we look forward to continued success."

About TopBuild
TopBuild Corp. is the leading installer and distributor of insulation products to the United States construction industry, based on revenue. TopBuild provides insulation installation services nationwide through its Contractor Services business, TruTeam, which has over 190 installation branches located in 43 states. TopBuild also distributes insulation nationwide through its Service Partners business from over 70 distribution centers located in 35 states. In addition to insulation products, TopBuild also installs or distributes other building products, including rain gutters, garage doors, fireplaces, shower enclosures, closet shelving and roofing. Further, TopBuild is a leader in building science and winner of the 2015 Energy Star Partner of the Year award from the U.S. Department of Energy. More information on TopBuild and its TruTeam and Service Partners divisions may be found at www.topbuild.com.

http://www.prnewswire.com/news-releases/topbuild-spin-off-from-masco-corporation-completed-and-trading-as-independent-company-begins-300107321.html

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Enterprising Investor 10 years ago

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C-Raider 10 years ago

broke out to new highs getting ready to run away. imo go mas.

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Enterprising Investor 10 years ago

Masco Reports Strong Fourth Quarter and Full-Year Results as Transformation Enhances Profitability (2/09/15)

2014 Fourth Quarter Key Highlights

• Sales for the fourth quarter increased 3 percent to $2.1 billion; sales increased 5 percent excluding the impact of foreign currency translation

• Adjusted operating profit grew 32 percent to $202 million

• Adjusted operating profit margin for the quarter increased to 9.8 percent

• Adjusted EPS for the quarter grew 60 percent to $.24 per common share

TAYLOR, Mich.--(BUSINESS WIRE)--Masco Corporation (NYSE: MAS) reported net sales and adjusted operating profit growth in the fourth quarter of 2014 driven primarily by the Plumbing Products, Decorative Architectural Products and Installation and Other Services segments. Adjusted operating profit margin rose to 9.8 percent, reflecting the Company’s execution on cost management and strong operating leverage.

2014 Fourth Quarter Commentary

• Net sales from continuing operations increased 3 percent to $2.1 billion. North American sales increased 4 percent and international sales decreased 2 percent in U.S. dollars, but increased 6 percent in local currency

• Compared to fourth quarter 2013, results for key financial measures, as adjusted for certain items (see Exhibit A) and with a normalized tax rate of 36 percent, were as follows: ? Gross margins improved to 27.7 percent compared to 27.1 percent

? Operating margins improved to 9.8 percent compared to 7.7 percent

? Income from continuing operations was $.24 per common share compared to $.15 per common share

• Income from continuing operations, as reported, was $.29 per common share

• Liquidity at the end of the fourth quarter was approximately $1.7 billion

• Five million shares were repurchased in the fourth quarter

2014 Fourth Quarter Operating Segment Highlights

• Plumbing Products’ net sales increased 1 percent (5 percent excluding the impact of currency translation) fueled by growth across the segment and continued strength in the wholesale channel

• Decorative Architectural Products’ net sales increased 7 percent, driven by new products and program wins across the businesses

• Cabinets and Related Products’ net sales decreased 3 percent due to challenges in retail and dealer channels

• Installation and Other Services’ net sales increased 7 percent with continued growth in custom homes and the commercial channel

• Other Specialty Products’ net sales increased 8 percent, fueled by growth in repair and remodeling

“We capped off 2014 with another solid quarter as sales increased 3 percent for the total company and, importantly, adjusted operating income increased 32 percent,” said Masco’s President and CEO, Keith Allman. “Our portfolio of industry-leading plumbing businesses continues to perform, delivering increased revenue and profit growth, which resulted in a record sales year for both Delta Faucet and Hansgrohe. New products and program wins at Behr Process and Liberty Hardware drove the performance of our Decorative Architectural segment, and our Installation and Other Services segment capitalized on the housing recovery and ongoing growth of its commercial business. Our window businesses also benefitted from improving macro trends in their respective markets and continued success from recently introduced products. While our Cabinet and Related Products segment faced lingering demand challenges from an ERP implementation, we believe we are taking the necessary actions to position it for profitability in 2015.”

2014 Full-Year Commentary

• Net sales increased 4 percent to $8.5 billion, compared to 2013

• Compared to full-year 2013, results for key financial measures, as adjusted for certain items (see Exhibit A) and with a normalized tax rate of 36 percent, were as follows: ? Gross profit margins were 28.4 percent compared to 28.0 percent

? Operating profit margins were 10.0 percent compared to 8.8 percent

? Income from continuing operations was $1.02 per common share compared to $0.77 per common share

• Income from continuing operations, as reported, was $2.39 per common share compared to $0.83 per common share in 2013

• Free cash flow exceeded $440 million

“2014 was a notable year for Masco,” said Keith Allman. “Our customer-focused innovation as well as our productivity improvements and cost control yielded steady sales growth and substantially improved margins. Our balance sheet continues to improve as we ended the year with $1.7 billion of liquidity. Throughout the year we also took a number of actions to drive shareholder value. In September, we announced the spin-off of our Services Business and remain on-track for it to be complete by mid-year 2015. Additionally, the restructuring of our corporate office has resulted in a leaner operating model, yielding annual savings of approximately $35-40 million. Furthermore, our commitment to returning capital to shareholders was enhanced through an increase in our dividend and a new share repurchase authorization. During the fourth quarter of 2014 we repurchased 1.4 percent of our outstanding shares or 5 million shares.”

2015 Outlook

“Our strong execution in 2014 gives us momentum as we enter 2015,” continued Mr. Allman. “We remain committed to serving the customer by accelerating our innovation pipeline and continuing our strong operating performance. We expect to gain share and drive consumer demand as we leverage our industry-leading brands and new products. We are confident in our ability to execute in this improving environment and believe the strategic initiatives we announced in 2014 will drive shareholder value as we move into 2015.”

About Masco

Headquartered in Taylor, Michigan, Masco Corporation is one of the world’s leading manufacturers of branded building products, as well as a leading provider of services that include the installation of insulation and other building products.

The 2014 fourth quarter supplemental material, including a presentation in PDF format, is available on the Company’s website at www.masco.com.

http://www.businesswire.com/news/home/20150209005414/en/Masco-Reports-Strong-Fourth-Quarter-Full-Year-Results#.VNy18oktGUk

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Enterprising Investor 10 years ago

Masco Announces Strategic Initiatives to Drive Shareholder Value: Company to Spin-Off Installation and Other Services Segment, Initiate Significant Share Repurchase Program and Reduce Corporate Expense (9/30/14)

TAYLOR, Mich., Sept. 30, 2014 /PRNewswire/ -- Masco Corporation (NYSE: MAS) today announced its Board of Directors has approved the strategic initiatives recommended by management under the leadership of Keith Allman, its President and Chief Executive Officer.

The strategic initiatives, which are designed to drive shareholder value over the mid- to long-term, are comprised of:

•The spin-off of 100 percent of Masco's Installation and Other Services businesses ("Services Business") into an independent, publicly-traded company through a tax-free stock distribution to Masco's shareholders

•The implementation of a share repurchase program for an aggregate of 50 million shares of Masco's common stock

•The reduction of corporate expense and simplification of Masco's organizational structure, resulting in an estimated charge of approximately $30 million over the next several quarters with anticipated company-wide annual savings of $35-40 million

Mr. Allman stated, "Today's transformative actions reflect our continued commitment to enhance shareholder value through the active management of our portfolio, effective capital allocation, cost control, and organizational focus. As separate companies, both Masco and the Services Business will have greater flexibility to focus on and pursue their respective growth strategies. In addition, the actions we are taking at the corporate office are intended to improve our cost position and drive value across our enterprise. Masco remains committed to creating shareholder value by profitably growing in branded building products."

Mr. Allman continued, "Over the past several years, Masco has strengthened the Services Business by reducing fixed costs and implementing lean processes to achieve supply chain savings. As such, we believe the Services Business is now properly positioned to operate as a separate company. The Services Business will focus on growth by capitalizing on North American new home construction as well as further expanding into commercial and retrofit categories. Masco shareholders stand to benefit from the additional value created by the spin-off."

Masco is pleased to announce the Service Business management team:

•Jerry Volas, currently Masco Group President, will become the Chief Executive Officer

•Robert Buck, currently Masco Contractor Services' President, will become the President and Chief Operating Officer

•John Peterson, currently Masco Contractor Services' Chief Financial Officer, will become the Chief Financial Officer

All three have extensive industry experience and have been instrumental in positioning the Services Business for growth and profitability.

Masco also announced today that its Board has approved the repurchase of an aggregate of 50 million shares of the Company's common stock, which represents approximately 14 percent of Masco's currently outstanding shares. Repurchases are expected to be made over a multi-year period beginning in 2014. The repurchases will be funded through cash on hand and operating cash flow. As of June 30, 2014, cash on hand was $1.4 billion.

Mr. Allman added, "This authorization reflects the Board's continued confidence in Masco's future performance, our ability to generate long-term cash flow, the strength of Masco's liquidity, and our ongoing commitment to create shareholder value."

The Company will hold an investor day on February 9, 2015 in New York at which time it will discuss its outlook for 2015 and the long-term growth strategy for each of its businesses.

Masco

Following the separation, Masco will continue to be listed on the NYSE under "MAS," and will remain headquartered in Taylor, Michigan. Masco will continue to build on its leading positions in branded building products.

New Services Business

Masco's Installation and Other Services segment, which includes Masco Contractor Services, the leading installer of insulation in the U.S., and Service Partners, a leading distributor of residential insulation products and related accessories in the U.S., reported revenue of $1.4 billion in 2013. This segment is comprised of 190 branch locations and 70 distribution centers and its revenue has achieved a compounded annual growth rate of nearly 11 percent since 2010. The Services Business will be headquartered in Central Florida.

Next Steps

The proposed separation is subject to customary conditions, including receipt of any required regulatory approvals, an opinion of counsel regarding the tax-free nature of the separation, the effectiveness of a Form 10 filing with the Securities and Exchange Commission, and final approval by Masco's Board of Directors. Masco expects to complete the separation by mid- 2015.

Conference Call Details

A conference call regarding items contained in this release is scheduled for Tuesday, September 30, 2014 at 8:30 a.m. ET. Participants in the call are asked to register five to ten minutes prior to the scheduled start time by dialing (855) 226-2726 (855-22MASCO) or (706) 679-3614 from outside the U.S. Please use the conference identification number 12689434. The conference call will be webcast simultaneously and in its entirety through the Company's website. Shareholders, media representatives and others interested in Masco may participate in the webcast by registering through the Investor Relations section on the Company's website.

A replay of the call will be available on Masco's website or by phone by dialing (855) 859-2056 or (404) 537-3406 from outside the U.S. Please use the conference identification number 12689434. The telephone replay will be available approximately two hours after the end of the call and continue through October 31, 2014.

About Masco

Headquartered in Taylor, Michigan, Masco Corporation is one of the world's leading manufacturers of branded building products, as well as a leading provider of services that include the installation of insulation and other building products.

Supplemental material, including a presentation in PDF format, is available on the Company's website at www.masco.com.

http://www.prnewswire.com/news-releases/masco-announces-strategic-initiatives-to-drive-shareholder-value-company-to-spin-off-installation-and-other-services-segment-initiate-significant-share-repurchase-program-and-reduce-corporate-expense-277568271.html

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Enterprising Investor 10 years ago

MASCO DELIVERS OPERATING GROWTH IN SECOND QUARTER 2014 (7/28/14)

Key Highlights

- Sales increased 5 percent to $2.3 billion

- Adjusted operating profit margin increased to 11 percent

- Adjusted operating profit grew by 21 percent

- Adjusted EPS grew 39 percent to $.32 per common share

TAYLOR, Mich. (July 28, 2014) - Masco Corporation MAS +6.02% delivered sales and operating profit growth in the second quarter of 2014 driven primarily by the Plumbing Products, Installation and Other Services and Decorative Architectural Products segments. Increased international sales were strengthened by the plumbing businesses benefitting from an improving European economic landscape and strong operational performance. Adjusted operating profit margin rose to 11 percent, reflecting the Company's strong operating leverage and focused cost control.

2014 Second Quarter Commentary

- Net sales from continuing operations increased 5 percent to $2.3 billion, compared with $2.1 billion for second quarter 2013. North American sales increased 4 percent and international sales increased 9 percent in U.S. dollars and 2 percent in local currency

- Compared to second quarter 2013, results for key financial measures, as adjusted for certain items (see Exhibit A) and with a normalized tax rate of 36 percent, were as follows:

- Gross margins improved to 29.2 percent compared to 28.9 percent

- Operating margins improved to 11.0 percent compared to 9.6 percent

- Income from continuing operations was $0.32 per common share compared to $0.23 per common share

- Income from continuing operations, as reported, was $.39 per common share compared to $.23 per common share in the second quarter of 2013

- Liquidity at the end of the second quarter was approximately $1.4 billion

2014 Second Quarter Operating Segment Highlights

- Plumbing Products' net sales increased 6 percent, fueled by growth in all channels and international

- Decorative Architectural Products' net sales increased 5 percent, driven by new products and programs

- Cabinets and Related Products' net sales decreased 5 percent, as a mid-single-digit percentage increase in sales to dealers was more than offset by lower sales to home centers

- Installation and Other Services' net sales increased 8 percent, driven by growth in new home construction, commercial, and distribution channels

"We delivered a solid second quarter marked by revenue growth and strong profitability," said Masco's President and CEO, Keith Allman. "Our focus on our key priorities, which include growing share of our market-leading brands, accelerating our customer-focused innovation pipeline, further penetrating international markets and driving operational leverage through cost containment, was demonstrated in our performance despite a more moderate housing recovery."

Outlook

"As we move into the third quarter, we continue to see growing demand for our products and services across our end markets. Our outlook remains positive with the belief that new home construction and repair and remodel activity will show steady growth in 2014. We believe we are well positioned to grow our key brands and to gain market share in this environment. While there is pent-up demand for high-ticket items such as cabinets, we expect that this category will continue to lag in the short term compared to other segments as consumers defer discretionary high-ticket expenditures. We remain committed to realizing the full potential of our core businesses, leveraging opportunities across our portfolio and actively managing the portfolio to drive long-term shareholder value."

About Masco

Headquartered in Taylor, Michigan, Masco Corporation is one of the world's leading manufacturers of home improvement and building products, as well as a leading provider of services that include the installation of insulation and other building products.

The 2014 second quarter supplemental material, including a presentation in PDF format, is available on the Company's website at www.masco.com .

http://www.marketwatch.com/story/masco-corporation-masco-delivers-operating-growth-in-second-quarter-2014-2014-07-28?pagenumber=2

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Enterprising Investor 11 years ago

Investors Hope Masco Goes to Pieces (6/17/14)

Shares Surged After CEO's Comments

Masco Corp., maker of some of the best-known products in the home-improvement and home-construction business, is suddenly in favor on Wall Street. The reason: speculation that the company will spin off or sell some of its top brands.

Masco is one of the largest vendors to Home Depot Inc. and Lowe's Cos., which sell hundreds of the company's products including Delta faucets, KraftMaid cabinets, Behr paints and Milgard windows and doors. The company also sells to home builders and installs its products in homes under construction.

But at an investor conference last month, Masco's new chief executive, Keith Allman, hinted that the company might have too many brands and divisions. He said he is reviewing Masco's multiple business lines and considering strategies to boost Masco's value.

The comments set off a rally that boosted Masco's common stock 11.5% in the past month, before a slight pullback in the past week. It closed Tuesday at $21.72, down 0.3% on the New York Stock Exchange but still near its 52-week high of $23.63 set in March.

In an interview this week, Mr. Allman said he hasn't yet made any major decisions about Masco's many businesses but indicated that big changes are ahead for the 85-year-old company.

"I view myself as a transformational leader," said Mr. Allman, who joined Masco in 1998 and oversaw its plumbing and North American cabinet divisions before his promotion to CEO in January. "That's how the board views me, and that's why they appointed me. I'm not a status-quo guy." He said possible changes could include divestitures, acquisitions, internal integrations or stock buybacks.

Many Wall Street analysts predict that Masco, based in Taylor, Mich., will make a move next year at the earliest, perhaps by divesting its cabinet-manufacturing division or the installation-services division that caters to home builders. Both divisions posted operating losses in the first quarter. Cabinets are losing sales due to increased competition while the installation business remains challenged even after significant cost-cutting, analysts say.

What Masco needs most, several analysts say, is a further improvement in the home-construction market to soak up excess capacity in its manufacturing plants. The company ramped up its capacity drastically in recent decades through acquisitions. Since the downturn, it has cut $600 million of fixed costs, closing 39 plants. But analysts say it still needs more production volume to help its businesses reach consistent profitability.

"It's kind of like having a Porsche engine in a VW frame," said Robert Wetenhall, an analyst with RBC Capital Markets. "The company is built to operate in a much more robust housing market. This would be a much more profitable company at 1.4 million housing starts [annually in the U.S.], but we'll be lucky to do 1 million this year."

Adding to the challenges at Masco, activist investor Daniel Loeb's Third Point LLC recently disclosed in a securities filing that it took a 1.3% stake in the company in the first quarter. A spokeswoman for Third Point, which bought 4.75 million Masco shares last quarter, declined to comment about Masco this week. Mr. Allman said he has spoken with Third Point, as he has with other investors, but he declined to elaborate.

Some analysts theorize that if Masco spun off some of its laggard divisions, its stronger units like plumbing and paint likely would get higher valuations from investors, they say.

Nishu Sood, a Deutsche Bank Securities analyst, estimates that breaking up Masco would yield value of roughly $27 a share, a 24% premium to Tuesday's closing price. "Our analysis showed that, in a portfolio as large as Masco's, there is some value that could be unlocked by taking some dramatic actions, like spinoffs or sales, and improving some of the businesses where margins have lagged its peers," Mr. Sood said.

Masco's origins date back to 1929, when Alex Manoogian started machining parts for the auto industry. In 1954, the company branched out into making single-handle faucets under the Delta brand. Masco expanded into cabinets in 1985 and into paint, windows and services in the 1990s.

The company's revenue swelled to more than $12.7 billion in 2006, then plummeted during the housing downturn, which left Masco with too much manufacturing capacity. The company posted losses from 2008 to 2012. Last year, things started to turn around and Masco reported net income of $272 million on revenue of $8.2 billion.

—David Benoit contributed to this article.

Write to Kris Hudson at kris.hudson@wsj.com

http://online.wsj.com/articles/masco-shares-rally-on-signs-of-a-break-up-1403049130

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mkendra 13 years ago

Masco Started At Outperform By Macquarie >MAS

Feb 16, 2012 09:29:39 (ET)

(END) Dow Jones Newswires

February 16, 2012 09:29 ET (14:29 GMT)

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mkendra 13 years ago

Masco Corp Cut To Neutral From Buy By Citigroup

Feb 16, 2012 06:07:29 (ET)

(END) Dow Jones Newswires

February 16, 2012 06:07 ET (11:07 GMT)

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Penny Roger$ 13 years ago

~ Monday! $MAS ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $MAS ~ Earnings expected on Monday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.

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http://stockcharts.com/h-sc/ui?s=MAS&p=W&b=3&g=0&id=p54550695994

~ Google Finance: http://www.google.com/finance?q=MAS
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~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=MAS+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=MAS
Finviz: http://finviz.com/quote.ashx?t=MAS
~ BusyStock: http://busystock.com/i.php?s=MAS&v=2

<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=MAS >>>>>>

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*If the earnings date is in error please ignore error. I do my best.

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Penny Roger$ 13 years ago

Masco Corporation manufactures, distributes and installs home improvement and building products. It is manufacturer of a range of home improvement and building products, including faucets, cabinets, architectural coatings and windows, and installers of insulation for the new home construction market. It provides product offerings in a range of styles and price points and distribute products through multiple channels, including directly to homebuilders and wholesale and retail channels. During the year ended December 31, 2010, approximately 78% of its sales were generated by its North American operations. In 2010, it also decided to close a cabinet manufacturing facility that had previously been idled. In 2010, it introduced several products, including the ESSENCE SERIES wood and fiberglass window by Milgard, the RED line of staple guns and nail tackers and the ACE Salt water sanitizing system.

http://www.google.com/finance?q=MAS

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MAS News

Masco Corporation to Participate in Fireside Chat at Investor Conference

Form 4 - Statement of changes in beneficial ownership of securities

Form 4 - Statement of changes in beneficial ownership of securities

Form 144 - Report of proposed sale of securities

Form 144 - Report of proposed sale of securities

Masco Corporation to Participate in Fireside Chat at Investor Conference

Form 10-Q - Quarterly report [Sections 13 or 15(d)]

Form 8-K - Current report

Masco Corporation Reports Third Quarter 2024 Results

Masco Corporation Announces Date for Earnings Release and Conference Call for 2024 Third Quarter

Behr Paint Company Hosts First Student Design Competition

Masco Corporation Announces Completion of Kichler Lighting Sale

Behr Paint Company Introduces Women in Paint – A Program to Support and Empower Women in the Painting Trades

Form 4 - Statement of changes in beneficial ownership of securities

Form 144 - Report of proposed sale of securities

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Masco Corp (MAS) News

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Masco Corporation to Participate in Fireside Chat at Investor Conference

Form 4 - Statement of changes in beneficial ownership of securities

Form 4 - Statement of changes in beneficial ownership of securities

Form 144 - Report of proposed sale of securities

Form 144 - Report of proposed sale of securities

Masco Corporation to Participate in Fireside Chat at Investor Conference

Form 10-Q - Quarterly report [Sections 13 or 15(d)]

Form 8-K - Current report

Masco Corporation Reports Third Quarter 2024 Results

Masco Corporation Announces Date for Earnings Release and Conference Call for 2024 Third Quarter

Behr Paint Company Hosts First Student Design Competition

Masco Corporation Announces Completion of Kichler Lighting Sale

Behr Paint Company Introduces Women in Paint – A Program to Support and Empower Women in the Painting Trades

Form 4 - Statement of changes in beneficial ownership of securities

Form 144 - Report of proposed sale of securities

MAS Discussion

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