Masco Sets 2019 Financial Targets at Its Investor Day; Maintaining $37 FVE
Masco held its 2017 investor day on May 16 in New York. CEO Keith Allman began the presentation with a look at Masco’s performance since its last investor day in 2015. At that time, the company saw adjusted EPS growing at a 27% three-year CAGR to $1.80 in fiscal 2017. Although Masco’s sales growth trajectory over the past three years has not been as strong as management expected, profitability has exceeded expectations, and the company has since updated that guidance and now sees 2017 EPS betwee...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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