Masco Raises Full-Year EPS Guidance Again After Posting Solid Results in its 2Q; Maintaining $37 FVE
Narrow-moat Masco posted solid second-quarter results as it grew consolidated sales about 3% year over year and expanded adjusted operating margin 30 basis points to 17.4%. Adjusted earnings per share increased $0.14 over the year-ago quarter to $0.60 per share. However, this increase was mainly due to lower interest expense and share count. Masco’s second-quarter sales and adjusted EPS performance was about in line with consensus estimates, but were strong enough for the company to increase the...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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