Masco Had a Strong 4Q; Outlook Calls for Growth in 2019 Despite Tariff and Demand Uncertainty
Home improvement and building products companies, such as narrow-moat-rated Masco, had a more challenging 2018 than many firms had anticipated going into the year as new residential construction and repair and remodel activity moderated, and inflationary headwinds thwarted margin expansion goals. Last quarter, Masco lowered its full-year 2018 EPS guidance due to softening demand and cost pressures. However, the firm had a great fourth quarter and topped the high end of its 2018 EPS guidance rang...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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