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Masco (MAS)
NYSE:MAS
Earnings Data
Report Date
Apr 29, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.88Last Year’s EPS
0.87Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call balanced clear operational and financial strengths — strong free cash flow, disciplined capital returns, plumbing segment outperformance, brand awards, and an actionable plan to mitigate tariff impacts — against meaningful near-term headwinds from tariffs, commodity price volatility, volume declines (especially in decorative/DIY paint), and restructuring costs. Management provided constructive 2026 guidance (flat to modest sales growth, margin expansion to ~17%, EPS up to $4.10–$4.30) and concrete mitigation steps (restructuring, sourcing changes, pricing), which combined with robust cash generation and shareholder return initiatives point to a cautiously constructive outlook despite execution and macro risks.Company Guidance
Strong Cash Generation and Shareholder Returns
Free cash flow > $850M for 2025 with ~100% conversion; returned $832M to shareholders (dividends + $571M repurchases full year, $217M repurchased in Q4); Board approved new $2B repurchase program and raised dividend 3% to $1.28 (13th consecutive increase).
Solid Full-Year Profitability and ROIC
Full-year operating profit ~$1.3B with operating margin 16.8%; full-year EPS $3.96; delivered a return on invested capital of 41% for 2025.
Plumbing Segment Outperformance
Plumbing sales grew in Q4 (reported +5%/- +3% ex-currency; management also cited +3% in local currency); Q4 plumbing operating profit $204M with margin 16.3%; full-year plumbing sales +3% (+2% ex-currency) and full-year plumbing operating profit $904M with margin 18.1; 2026 plumbing sales guided up low single digits and margin ~18%.
Defensive Balance Sheet and Liquidity
Gross debt/EBITDA 2.1x at year-end; $1.6B liquidity (cash + revolver availability); working capital 16.7% of sales with expected normalization to ~16.5% in 2026.
Operational Actions and Cost Savings Plan
Company initiated broader restructuring with $18M charges in 2025 and expects ~$50M charges in 2026 to streamline operations, reduce headcount and fund growth/efficiency initiatives; management expects margin expansion in 2026 driven by mitigation of tariff/commodity costs and cost savings.
Targeted Strategy & Organizational Changes
Announced integration of Liberty Hardware into Delta Faucet to leverage complementary portfolios; formed an executive committee with business-unit leaders to accelerate cross-enterprise capability building (digital, brand, innovation).
Brand and Market Recognition
Delta Faucet named Home Depot Kitchen & Bath Partner of the Year; Behr rated #1 in interior paint, exterior paint, and exterior stain in a third-party study; Behr recognized as Supplier of the Year (U.S. & Canada paint dept.) and Interconnected Partner of the Year (Mexico).
Category and Product Wins
Watkins Wellness integration of Sana 360 produced double-digit sales growth; launched cold plunge products to expand consumer wellness offerings; Hansgrohe gained market share in premium segments and received sustainability awards.
Improved Tariff Outlook vs Prior Quarter
Estimated annualized tariff cost impact reduced to ~$200M for 2026 (from $270M earlier), with $80M from China 20% tariffs and ~$120M from other tariffs/duties; management expects mitigation actions to offset direct tariff impact in 2026.
2026 Financial Guidance and Upside
Full-year 2026 guidance: sales flat to up low single digits, operating margin ~17% (vs 16.8% in 2025), EPS $4.10–$4.30, capex ~$190M, and ~$600M expected available for buybacks/M&A.
MAS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
MAS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 10, 2026 | $71.61 | $77.82 | +8.67% |
Oct 29, 2025 | $68.09 | $64.89 | -4.70% |
Jul 31, 2025 | $65.11 | $67.49 | +3.66% |
Apr 23, 2025 | $60.55 | $58.47 | -3.44% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Masco (MAS) report earnings?
Masco (MAS) is schdueled to report earning on Apr 29, 2026, Before Open (Confirmed).
What is Masco (MAS) earnings time?
Masco (MAS) earnings time is at Apr 29, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MAS EPS forecast?
MAS EPS forecast for the fiscal quarter 2026 (Q1) is 0.88.