Masco Closes the Books on a Very Good Fiscal 2017; We Increased our FVE to $44
Narrow-moat Masco reported strong fourth-quarter results; revenue increased 7% year over year to $1.9 billion, adjusted operating margin expanded 150 basis points to 14.1%, and adjusted EPS grew 33% to $0.44. Full-year sales grew 4% to $7.6 billion and adjusted EPS increased 28% to $1.94. We expect Masco will achieve stronger top and bottom line growth in 2018 as the firm capitalizes on its growth initiatives amid healthy end-market demand and benefits from a lower tax burden. Masco’s merger and...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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