Masco Expects to Conclude Its Strategic Review of Its Cabinetry and Windows Businesses in June
Masco's stock traded down 6% on April 25 after the narrow-moat-rated home products firm reported first-quarter results that missed consensus estimates and fell short of the high bar set by peer Fortune Brands, which reported 6% sales growth, an 80-basis-point adjusted operating margin expansion, and 13% adjusted EPS growth.Masco's sales fell 1% year over year to $1.9 billion, which missed the consensus estimate by 4%. Excluding the Kichler acquisition and foreign currency translation, sales dec...
Masco designs, manufactures and distributes home improvement and building products. The company's Plumbing Products include faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures and toilets. This segment also includes brass, copper and composite plumbing system components and other non-decorative plumbing products. The company's Decorative Architectural Products include cabinet and door hardware, functional hardware, wall plates, hook and hook rail products, and picture hanging accessories. This segment also includes decorative indoor and outdoor lighting fixtures, ceiling fans, landscape lighting and LED lighting systems.
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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