Masco Posts Another Quarter of Strong Growth; Slightly Increasing 2016 and 2017 EPS Estimates
Narrow moat-rated Masco Corp notched its 18th consecutive quarter of year-over-year sales and operating profit growth driven by robust demand for the company’s plumbing products and margin expansion across its plumbing, decorative architectural, and cabinetry segments. We believe that Masco remains well-positioned to capitalize on improving repair and remodel activity, and we think the company’s announced fourth-quarter dividend increase demonstrates management’s confidence in the business. We h...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.
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