How did Masco's sales and profitability perform in the third quarter of 2025?

Net sales decreased 3 percent to $1,917 million, and in local currency and excluding divestitures, decreased 2 percent. Operating profit fell 15 percent to $303 million, and the reported operating margin was 15.8 percent. On an adjusted basis, operating profit decreased 13 percent to $312 million.

Why did Masco lower the top end of its adjusted EPS outlook?

The filing says the company now expects 2025 adjusted EPS of $3.90 to $3.95, compared with its previous expectation of $3.90 to $4.10. CEO Jon Nudi said near-term market conditions remained a headwind to the business.

Which segment was weaker in the quarter?

Decorative Architectural Products net sales decreased 12 percent to $670 million, and in local currency and excluding divestitures decreased 6 percent. Its reported operating profit was $128 million, flat with the prior year's $138 million on an adjusted basis. Plumbing Products net sales increased 2 percent to $1,247 million.

How much capital did Masco return to shareholders and how strong is its liquidity?

Masco returned $188 million through dividends and share repurchases in the quarter, including $124 million for 1.8 million repurchased shares. Liquidity at quarter end was $1,559 million, which includes $1,000 million of revolver availability.

What dividend did Masco declare?

The board declared a quarterly dividend of $0.31 per share, payable November 24, 2025 to shareholders of record on November 7, 2025.

MAS 8-K: Earnings & Results

01—Abstract

Summary

Summary of the 8-K filed October 29, 2025. Cited figures are marked; the original filing is the authoritative source.

Masco Corporation reported third quarter 2025 results on October 29, 2025.

Net sales decreased 3 percent to $1,917 million^a (in local currency and excluding divestitures, down 2 percent). Plumbing Products net sales rose 2 percent to $1,247 million, while Decorative Architectural Products net sales fell 12 percent to $670 million (down 6 percent in local currency and excluding divestitures). Operating profit decreased 15 percent to $303 million, and the operating margin was 15.8 percent.

Reported diluted earnings per share were $0.90^b, up from $0.77. On an adjusted basis, operating profit fell 13 percent to $312 million, the adjusted operating margin was 16.3 percent, and adjusted earnings per share decreased 10 percent to $0.97. Management lowered its full-year 2025 adjusted earnings per share expectation to $3.90 to $3.95, down from the prior $3.90 to $4.10 range.

The reported EPS outlook is $3.84 to $3.89^c. CEO Jon Nudi said near-term market conditions remained a headwind. During the quarter, Masco repurchased 1.8 million shares for $124 million and returned $188 million to shareholders through dividends and buybacks.

Liquidity at quarter end was $1,559 million^d, including $1,000 million of revolver availability, and the board declared a quarterly dividend of $0.31 per share. The filing furnishes the earnings press release as Exhibit 99 under Item 2.02.

The exhibit is not deemed filed for purposes of Section 18 of the Exchange Act. The results and outlook suggest near-term demand and margin pressure, with gross margin down 240 basis points to 34.2 percent on a reported basis.

02—Key points

Key Highlights

Net sales fell 3 percent to $1,917 million; Decorative Architectural Products dropped 12 percent to $670 million while Plumbing Products rose 2 percent to $1,247 million.
Reported operating margin declined 220 basis points to 15.8 percent; adjusted operating margin declined 190 basis points to 16.3 percent.
Reported EPS of $0.90 rose from $0.77, while adjusted EPS decreased 10 percent to $0.97 from $1.08.
2025 adjusted EPS guidance narrowed to $3.90 to $3.95, down from the prior $3.90 to $4.10 range; reported EPS guidance is $3.84 to $3.89.
Returned $188 million to shareholders in the quarter through $124 million of share repurchases (1.8 million shares) and dividends.
Total liquidity was $1,559 million at September 30, 2025, including $1,000 million of revolver availability; long-term debt was $2,945 million.
Board declared a quarterly dividend of $0.31 per share, payable November 24, 2025 to holders of record on November 7, 2025.

03—Questions

Frequently Asked Questions

How did Masco's sales and profitability perform in the third quarter of 2025?
Net sales decreased 3 percent to $1,917 million, and in local currency and excluding divestitures, decreased 2 percent. Operating profit fell 15 percent to $303 million, and the reported operating margin was 15.8 percent. On an adjusted basis, operating profit decreased 13 percent to $312 million.
Why did Masco lower the top end of its adjusted EPS outlook?
The filing says the company now expects 2025 adjusted EPS of $3.90 to $3.95, compared with its previous expectation of $3.90 to $4.10. CEO Jon Nudi said near-term market conditions remained a headwind to the business.
Which segment was weaker in the quarter?
Decorative Architectural Products net sales decreased 12 percent to $670 million, and in local currency and excluding divestitures decreased 6 percent. Its reported operating profit was $128 million, flat with the prior year's $138 million on an adjusted basis. Plumbing Products net sales increased 2 percent to $1,247 million.
How much capital did Masco return to shareholders and how strong is its liquidity?
Masco returned $188 million through dividends and share repurchases in the quarter, including $124 million for 1.8 million repurchased shares. Liquidity at quarter end was $1,559 million, which includes $1,000 million of revolver availability.
What dividend did Masco declare?
The board declared a quarterly dividend of $0.31 per share, payable November 24, 2025 to shareholders of record on November 7, 2025.

04—Continue

← View all 8-K filings