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$MAS earnings report

MASCO CORPORATION REPORTS THIRD QUARTER 2026 RESULTS. AlphAI read Masco's third quarter 2026 filing as strong. 2 quarters are on record below.

third quarter 2026

Filed Oct 28, 2026
AlphAI · Earnings readMAS · third quarter 2026 · ended September 30, 2026

MASCO CORPORATION REPORTS THIRD QUARTER 2026 RESULTS

✓Strong quarter

Third-quarter net sales increased 3 percent to $1,966 million, adjusted operating margin expanded 160 basis points to 17.9 percent, and adjusted earnings per share increased 23 percent to $1.19. The company also raised its full-year adjusted earnings-per-share outlook to $4.65 - $4.75 per share from $4.40 to $4.60.

Revenue
$1.97B
3 percent y/y
Plumbing Products, three months ended September 30
$1.34B
4 percent y/y

Key metrics

shortened, hover for the filing’s print
MetricValueq/qy/y
Net sales, three months ended September 30GAAP$1.97B–3 percent
Cost of sales, three months ended September 30GAAP$1.25B––
Gross profit, three months ended September 30GAAP$720M––
Gross margin, three months ended September 30GAAP36.6 percent–increased 240 basis points
Gross profit, as adjusted, three months ended September 30non-GAAP$730M––
Gross margin, as adjusted, three months ended September 30non-GAAP37.1 percent–increased 250 basis points
Selling, general and administrative expenses, three months ended September 30GAAP$381M––
Selling, general and administrative expenses, as adjusted, three months ended September 30non-GAAP$378M––
Operating profit, three months ended September 30GAAP$338M–12 percent
Operating margin, three months ended September 30GAAP17.2 percent–increased 140 basis points
Operating profit, as adjusted, three months ended September 30non-GAAP$351M–13 percent
Operating margin, as adjusted, three months ended September 30non-GAAP17.9 percent–increased 160 basis points
Interest expense, three months ended September 30GAAP−$29M––
Other, net, three months ended September 30GAAP$13M––
Income before income taxes, three months ended September 30GAAP$322M––
Income tax expense, three months ended September 30GAAP$82M––
Net income, three months ended September 30GAAP$240M––
Net income attributable to Masco Corporation, three months ended September 30GAAP$230M––
Net income per common share attributable to Masco Corporation (diluted), three months ended September 30GAAP$1.17–30 percent
Net income per common share, as adjusted, three months ended September 30non-GAAP$1.19–23 percent
Average diluted common shares outstanding, three months ended September 30GAAP196M––
Net sales, nine months ended September 30GAAP$5.88B–2 percent
Gross profit, nine months ended September 30GAAP$2.27B––
Gross margin, nine months ended September 30GAAP38.7 percent––
Operating profit, nine months ended September 30GAAP$1.13B––
Operating margin, nine months ended September 30GAAP19.1 percent––
Operating profit, as adjusted, nine months ended September 30non-GAAP$1.16B––
Operating margin, as adjusted, nine months ended September 30non-GAAP19.7 percent––
Net income attributable to Masco Corporation, nine months ended September 30GAAP$761M––
Net income per common share attributable to Masco Corporation (diluted), nine months ended September 30GAAP$3.81––
Net income per common share, as adjusted, nine months ended September 30non-GAAP$3.86––

Segments

SegmentRevenueq/qy/y
Plumbing Products, three months ended September 30In local currency and excluding our divestiture, net sales increased 5 percent.$1.34B–4 percent
Decorative Architectural Products, three months ended September 30Net sales were flat to the prior year.$628M–— percent

Year Ended December 31, 2026 outlook

  • NoteNet income per common share: $4.51 - $4.61
  • NoteRationalization charges: 0.19
  • NoteGain on sale of business: (0.05)
  • NoteNet income per common share, as adjusted: $4.65 - $4.75

Capital returns

  • Returned $322 million to shareholders through dividends and share repurchases.
  • Purchase of common stock for the nine months ended September 30, 2026: $(852) million.
  • Excise tax paid on the purchase of common stock for the nine months ended September 30, 2026: $(5) million.
  • Cash dividends paid for the nine months ended September 30, 2026: $(191) million.
  • Quarterly dividend declared: $0.32 per share, payable on November 23, 2026 to shareholders of record on November 6, 2026.

What drove it

  • Reported net sales increased 3 percent, while net sales increased 4 percent excluding the divestiture of Bristan and currency.
  • In local currency, North American net sales increased 5 percent.
  • Plumbing Products net sales increased 4 percent, or 5 percent in local currency excluding the divestiture.
  • Gross margin increased 240 basis points to 36.6 percent and adjusted operating margin increased 160 basis points to 17.9 percent.
  • Rationalization charges were $13 million in the third quarter, including $10 million in gross profit and $3 million in selling, general and administrative expenses.

Concerns

  • Decorative Architectural Products net sales were flat to the prior year.
  • In local currency, International net sales decreased 5 percent and, excluding the divestiture, decreased 1 percent.
  • The company expects the demand environment to remain challenged in the near term.
  • Selling, general and administrative expenses increased to $381 million from $353 million in the third quarter.
  • Long-term debt was $3,245 million as of September 30, 2026, compared with $2,945 million as of December 31, 2025.

What to watch

  • Execution against the Year Ended December 31, 2026 adjusted earnings-per-share outlook of $4.65 - $4.75.
  • North American net sales, which increased 5 percent in local currency in the third quarter.
  • International net sales, which decreased 5 percent in local currency and decreased 1 percent excluding the divestiture.
  • Whether Decorative Architectural Products moves beyond flat year-over-year third-quarter net sales.
  • Further adjusted operating-margin performance following the third-quarter expansion to 17.9 percent.

Balance sheet and cash flow

  • Cash and cash investments as of September 30, 2026: $610 million; December 31, 2025: $647 million.
  • Long-term debt as of September 30, 2026: $3,245 million; December 31, 2025: $2,945 million.
  • Liquidity as of September 30, 2026: $1,610 million, including $610 million of cash and cash investments and $1,000 million of revolver availability.
  • Net cash from operating activities for the nine months ended September 30, 2026: $788 million; 2025: $604 million.
  • Capital expenditures for the nine months ended September 30, 2026: $(116) million; 2025: $(109) million.
  • Net cash for investing activities for the nine months ended September 30, 2026: $(55) million; 2025: $(111) million.
  • Net cash for financing activities for the nine months ended September 30, 2026: $(765) million; 2025: $(592) million.
  • Proceeds from term loan for the nine months ended September 30, 2026: $300 million.

Analysis

Masco reported third-quarter net sales of $1,966 million, up 3 percent from $1,917 million. Net sales increased 4 percent in local currency excluding the Bristan divestiture. Plumbing Products delivered $1,338 million of sales, up 4 percent, while Decorative Architectural Products reported $628 million and was flat to the prior year. North American net sales increased 5 percent in local currency, whereas International net sales decreased 5 percent in local currency and decreased 1 percent excluding the divestiture.

Profitability improved materially. GAAP gross margin rose to 36.6 percent from 34.2 percent, and GAAP operating profit increased to $338 million from $303 million. Adjusted gross margin was 37.1 percent versus 34.6 percent, while adjusted operating profit was $351 million versus $312 million and adjusted operating margin reached 17.9 percent versus 16.3 percent. Third-quarter rationalization charges were $13 million, and adjusted diluted earnings per share increased to $1.19 from $0.97.

Nine-month results also show higher sales and earnings. Net sales were $5,875 million compared with $5,769 million, GAAP operating profit was $1,125 million compared with $1,001 million, and adjusted operating profit was $1,158 million compared with $1,013 million. Net cash from operating activities for the nine months was $788 million versus $604 million. The company spent $852 million on common-stock purchases and paid $191 million of cash dividends during the nine-month period.

Liquidity at September 30 was $1,610 million, including $610 million of cash and cash investments and $1,000 million of revolver availability. Long-term debt was $3,245 million, compared with $2,945 million at December 31, 2025, and the company received $300 million in term-loan proceeds during the nine months. Masco raised its Year Ended December 31, 2026 adjusted earnings-per-share outlook to $4.65 - $4.75 from the prior range of $4.40 to $4.60, while noting that it expects the demand environment to remain challenged in the near term.

Management, verbatim

Our strong third quarter results reflect the strength of our teams, the disciplined execution of our strategy, and the resilience of our business.

Jon Nudi, President and CEO

Based on the strength of our operational performance year-to-date, we now expect adjusted earnings per share to be in the range of $4.65 to $4.75, compared to our previous guidance range of $4.40 to $4.60.

Jon Nudi, President and CEO

While we expect the demand environment to remain challenged in the near term, the long-term fundamentals of the repair and remodel market remain strong, and we are executing well.

Jon Nudi, President and CEO

Not in the filing

stated, not guessed
  • Previous outlook section was not provided; therefore, no actual-versus-prior-guidance comparisons are presented.
  • Forward revenue guidance was not provided.
  • Forward gross-margin guidance was not provided.
  • Forward operating-expense guidance was not provided.
  • Forward tax-rate guidance was not provided.
  • Quarterly operating cash flow was not provided.
  • Free cash flow was not reported.
  • A quarterly debt-maturity schedule was not provided.

AlphAI analysis generated from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was cross-checked against the filing text; consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.

Read our full coverage of this filing →

second quarter 2026

Filed Jul 29, 2026
AlphAI · Earnings readMAS · second quarter 2026 · ended June 30, 2026

Masco Corporation reports second quarter 2026 net sales of $1,992 million, operating profit of $470 million, and adjusted earnings per share of $1.64.

✓Solid quarter

Sales declined 3 percent, but gross margin, operating profit, operating margin and earnings per share increased sharply. The company raised adjusted 2026 earnings per share guidance following an anticipated net benefit from IEEPA tariff refunds.

Revenue
$1.99B
decreased 3 percent y/y
Gross margin · GAAP
43.6 %
increased 600 basis points y/y

Actuals vs. the company’s prior outlook

from its previous release
MetricGuidedReportedVerdict
2026 adjusted earnings per share$4.10 to $4.30 per share$1.64n/a

Key metrics

shortened, hover for the filing’s print
MetricValueq/qy/y
Net salesGAAP$1.99B–decreased 3 percent
Cost of salesGAAP$1.12B––
Gross profitGAAP$868M––
Gross marginGAAP43.6 %–increased 600 basis points
Selling, general and administrative expensesGAAP$397M––
Selling, general and administrative expenses as a percent of net salesGAAP19.9 %––
Operating profitGAAP$470M–increased 14 percent
Operating marginGAAP23.6 %–increased 350 basis points
Interest expenseGAAP−$28M––
Other, netGAAP−$2M––
Income before income taxesGAAP$440M––
Income tax expenseGAAP$107M––
Net incomeGAAP$333M––
Net income attributable to noncontrolling interestGAAP$15M––
Net income attributable to Masco CorporationGAAP$318M––
Net income per common share attributable to Masco Corporation (diluted)GAAP$1.60–increased 25 percent
Average diluted common shares outstandingGAAP199M––
Gross profit, as adjustednon-GAAP$872M––
Rationalization charges in gross profitnon-GAAP$5M––
Gross margin, as adjustednon-GAAP43.8 %–increased 610 basis points
Selling, general and administrative expenses, as adjustednon-GAAP$390M––
Selling, general and administrative expenses as a percent of net sales, as adjustednon-GAAP19.6 %––
Operating profit, as adjustednon-GAAP$482M–increased 17 percent
Rationalization charges in operating profitnon-GAAP$12M––
Operating margin, as adjustednon-GAAP24.2 %–increased 410 basis points
Income before income taxes, as adjustednon-GAAP$452M––
Tax at 24.5% ratenon-GAAP−$111M––
Net income, as adjustednon-GAAP$326M––
Net income per common share, as adjustednon-GAAP$1.64–increased 26 percent
Six-month net salesGAAP$3.91B––
Six-month gross profitGAAP$1.55B––
Six-month gross marginGAAP39.7 %––
Six-month operating profitGAAP$787M––
Six-month operating marginGAAP20.1 %––
Six-month net income attributable to Masco CorporationGAAP$531M––
Six-month net income per common share attributable to Masco Corporation (diluted)GAAP$2.64––
Six-month gross profit, as adjustednon-GAAP$1.56B––
Six-month gross margin, as adjustednon-GAAP40.0 %––
Six-month operating profit, as adjustednon-GAAP$807M––
Six-month operating margin, as adjustednon-GAAP20.6 %––
Six-month net income, as adjustednon-GAAP$537M––
Six-month net income per common share, as adjustednon-GAAP$2.67––

Year Ended December 31, 2026 outlook

  • NoteEarnings per share: $4.21 - $4.41 per share
  • NoteAdjusted earnings per share: $4.40 - $4.60 per share

Capital returns

  • Returned $454 million to shareholders through dividends and share repurchases.

What drove it

  • Currency had a minimal impact on net sales.
  • Plumbing Products’ net sales decreased 3 percent.
  • Decorative Architectural Products’ net sales decreased 4 percent.
  • In local currency, North American sales decreased 5 percent and International sales increased 4 percent.
  • The company recognized a net benefit of approximately $95 million from IEEPA tariff refunds in the quarter.
  • Results reflected a challenging comparison to the prior year and targeted strategic investments to support growth.

Concerns

  • Net sales decreased 3 percent to $1,992 million.
  • North American sales decreased 5 percent in local currency.
  • Selling, general and administrative expenses increased to $397 million from $361 million, and selling, general and administrative expenses as a percent of net sales increased to 19.9 % from 17.6 %.
  • The macroeconomic and geopolitical environments remain volatile.
  • The anticipated full year net benefit from IEEPA tariff refunds was approximately $85 million, below the approximately $95 million net benefit recognized in the quarter.

What to watch

  • Delivery of adjusted earnings per share in the range of $4.40 - $4.60 per share for the year ended December 31, 2026.
  • Residential repair and remodel activity and, to a lesser extent, new home construction.
  • North American and International sales trends in local currency.
  • The impact on demand, pricing and product costs resulting from tariffs.
  • Whether gross-margin expansion is sustained as the company continues targeted strategic investments to support growth.

Balance sheet and cash flow

  • Liquidity at the end of the second quarter was $1,548 million (including availability under our revolving credit facility).

Analysis

Masco reported a solid second quarter despite lower sales. Net sales decreased 3 percent to $1,992 million, with a minimal currency impact. Both reported segments declined, as Plumbing Products’ net sales decreased 3 percent and Decorative Architectural Products’ net sales decreased 4 percent. In local currency, North American sales decreased 5 percent, while International sales increased 4 percent.

Profitability improved substantially. GAAP gross margin increased 600 basis points to 43.6 %, while adjusted gross margin increased 610 basis points to 43.8 %. GAAP operating profit increased 14 percent to $470 million and adjusted operating profit increased 17 percent to $482 million. Reported operating margin rose 350 basis points to 23.6 %, and adjusted operating margin rose 410 basis points to 24.2 %.

Earnings growth outpaced sales performance. GAAP diluted earnings per share increased 25 percent to $1.60, and adjusted earnings per share increased 26 percent to $1.64. The company cited a net benefit of approximately $95 million from IEEPA tariff refunds during the quarter as a driver of adjusted operating profit and adjusted earnings per share growth. Selling, general and administrative expenses increased to $397 million from $361 million, and the related reported sales ratio increased to 19.9 % from 17.6 %.

Capital allocation remained active, with $454 million returned to shareholders through dividends and share repurchases. Liquidity at quarter end was $1,548 million, including availability under the revolving credit facility. The release does not separately disclose cash, debt, dividends, or share repurchases.

Masco raised its 2026 adjusted earnings per share guidance to $4.40 - $4.60 per share from its previous range of $4.10 to $4.30 per share. The company expects 2026 GAAP earnings per share of $4.21 - $4.41 per share. Management attributed the adjusted guidance increase to an anticipated full year net benefit from IEEPA tariff refunds of approximately $85 million, while characterizing underlying performance as largely in line with its prior outlook.

Management, verbatim

We have executed well in the first half of the year.

Jon Nudi, President and CEO

Second quarter sales results reflect a challenging comparison to the prior year as well as targeted strategic investments to support growth.

Jon Nudi, President and CEO

While our underlying performance remains largely in line with our prior outlook, the anticipated full year net benefit from IEEPA tariff refunds of approximately $85 million has led us to increase our 2026 adjusted earnings per share guidance.

Jon Nudi, President and CEO

Not in the filing

stated, not guessed
  • Segment revenue for Plumbing Products and Decorative Architectural Products.
  • Prior-quarter comparisons for reported metrics.
  • Operating cash flow.
  • Free cash flow.
  • Cash balance.
  • Debt balance.
  • Dividend amount.
  • Share repurchase amount.
  • Share repurchase authorization or remaining authorization.
  • Guidance for revenue, gross margin, operating expenses, and tax rate.
  • The full low-end and high-end outlook reconciliation table, which is truncated in the supplied filing text.
  • A directly comparable reported full-year 2026 actual result for assessment against prior full-year adjusted earnings per share guidance.

AlphAI analysis generated from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was cross-checked against the filing text; consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.

Read our full coverage of this filing →

Questions about MAS earnings dates

When is Masco's next earnings date?
AlphAI has no confirmed date for MAS yet. We publish an earnings date only once the company has set it, so this page shows one the day that happens.
Where does the date come from, and why is there no estimate?
A confirmed date comes from the company's own announcement. Many sites fill the gap by adding about 91 days to the last report, but that arithmetic is a guess, and a wrong date costs a reader more than a missing one, so AlphAI shows nothing until the company confirms. Every quarter already on this page is read straight from the SEC filing: an 8-K item 2.02 for US filers, a 6-K earnings release for foreign private issuers.