01—Abstract
Summary
Summary of the 8-K filed July 31, 2025. Cited figures are marked; the original filing is the authoritative source.
Masco Corporation reported second quarter 2025 results on July 31, 2025.
Net sales decreased 2 percent to $2,051 milliona from $2,091 million a year earlier; in local currency and excluding divestitures, net sales were in line with the prior year. Plumbing Products net sales increased 5 percent, while Decorative Architectural Products net sales decreased 12 percent. Reported operating profit rose 4 percent to $412 million, with operating margin up 110 basis points to 20.1 percent.
Reported earnings per share were $1.28b, versus $1.17 a year earlier, and adjusted earnings per share grew 8 percent to $1.30. Adjusted figures exclude rationalization charges and realized losses from private equity funds, and use a normalized tax rate of 24.5 percent. During the quarter, Masco repurchased 1.6 million shares for $101 million and returned $167 million to shareholders through dividends and buybacks.
Liquidity at quarter end was $1,344 millionc, including $954 million of revolver availability. The Board declared a quarterly dividend of $0.31 per share, payable August 25, 2025 to holders of record on August 8, 2025.
Management restored full-year 2025 guidance, expecting earnings per share of $3.87 to $4.07d on a reported basis and $3.90 to $4.10 on an adjusted basis. Management believes sales across global repair and remodel markets will be down low-single digits for the year, and expects full-year 2025 sales to be generally in line with the prior year when adjusted for divestitures and currency.
02—Key points
Key Highlights
- Net sales declined 2 percent to $2,051 million; excluding divestitures and currency, sales were flat year over year.
- Operating margin expanded 110 basis points to 20.1 percent on a reported basis, and adjusted operating margin rose 100 basis points to 20.1 percent.
- Plumbing Products net sales rose 5 percent, while Decorative Architectural Products net sales fell 12 percent.
- Diluted EPS was $1.28 versus $1.17; adjusted EPS grew 8 percent to $1.30.
- Masco repurchased 1.6 million shares for $101 million and returned $167 million to shareholders in total during the quarter.
- Full-year 2025 adjusted EPS guidance is $3.90 to $4.10, with reported EPS guidance of $3.87 to $4.07.
- Quarterly dividend of $0.31 per share declared, payable August 25, 2025.
03—Questions
Frequently Asked Questions
How did Masco's sales perform in the second quarter of 2025?
Net sales decreased 2 percent to $2,051 million from $2,091 million. In local currency and excluding divestitures, net sales were in line with the prior year. Plumbing Products grew 5 percent, while Decorative Architectural Products declined 12 percent.
What is Masco's updated full-year 2025 earnings outlook?
Masco expects 2025 earnings per share of $3.87 to $4.07 on a reported basis, and $3.90 to $4.10 on an adjusted basis. Management said it was restoring its financial guidance for 2025.
What does management expect for the broader repair and remodel market in 2025?
Management believes sales across the global repair and remodel markets will be down low-single digits for the year. It expects Masco's full-year 2025 sales to be generally in line with the prior year when adjusted for divestitures and currency, citing continued outperformance of the market.
How much did Masco return to shareholders and what is its liquidity position?
Masco returned $167 million to shareholders through dividends and share repurchases in the quarter, including buybacks of 1.6 million shares for $101 million. Total liquidity at June 30, 2025 was $1,344 million, including $954 million of revolver availability.
What is the dividend announcement?
The Board declared a quarterly dividend of $0.31 per share, payable on August 25, 2025 to shareholders of record on August 8, 2025.
04—Continue