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Masco 8-K Report, Financial Results (Jul 29, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed July 29, 2026
Period End
July 29, 2026
Security
MAS
In the record · 2016–202610-K1110-Q338-K95

MAS filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 95 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Mar ’19Mar ’19
  2. Leadership change8-K · Sep ’21Sep ’21
  3. Leadership change8-K · Jul ’25Jul ’25

01—Abstract

Summary

Summary of the 8-K filed July 29, 2026. Cited figures are marked; the original filing is the authoritative source.

Masco Corporation reported second quarter 2026 results, with net sales of $1,992 milliona, down 3 percent from $2,051 million in the second quarter of 2025.

Currency had a minimal impact on reported sales. 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 and International sales increased 4 percent.

Reported operating profit rose 14 percent to $470 millionb, and reported operating margin expanded 350 basis points to 23.6 percent. Reported diluted earnings per share were $1.60, up 25 percent from $1.28. On an adjusted basis, operating profit grew 17 percent to $482 million and adjusted earnings per share grew 26 percent to $1.64.

Management stated that the quarter included a net benefit of approximately $95 millionc from IEEPA tariff refunds, which drove much of the adjusted profit growth. CEO Jon Nudi said the underlying performance remains largely in line with the prior outlook. Masco raised its 2026 adjusted earnings per share guidance to $4.40 to $4.60 from $4.10 to $4.30, citing an anticipated full-year net benefit of approximately $85 million from IEEPA tariff refunds.

Reported 2026 EPS guidance is $4.21 to $4.41d. Capital returns were $454 million in the quarter through dividends and share repurchases. Total liquidity was $1,548 million at quarter end, including $1,000 million of revolver availability.

Long-term debt increased to $3,245 million from $2,945 million at December 31, 2025, and the six-month cash flow statement shows $300 million of term loan proceeds. Equity was a deficit of $118 million at June 30, 2026, compared with $76 million at December 31, 2025.

02—Key points

Key Highlights

  1. Net sales decreased 3 percent to $1,992 million, with Plumbing Products down 3 percent and Decorative Architectural Products down 4 percent.
  2. Reported operating margin rose 350 basis points to 23.6 percent; adjusted operating margin was 24.2 percent, up 410 basis points.
  3. Reported EPS of $1.60 rose 25 percent; adjusted EPS grew 26 percent to $1.64, supported by an approximately $95 million net benefit from IEEPA tariff refunds.
  4. 2026 adjusted EPS guidance raised to $4.40 to $4.60 from $4.10 to $4.30, reflecting an anticipated full-year IEEPA tariff refund benefit of approximately $85 million.
  5. Returned $454 million to shareholders through dividends and share repurchases in the quarter.
  6. Liquidity was $1,548 million at June 30, 2026, including $1,000 million of revolver availability; long-term debt rose to $3,245 million from $2,945 million at year-end 2025.
  7. Six-month operating cash flow was $417 million net, compared with $148 million a year earlier; share purchases for the six months totaled $592 million.

03—Questions

Frequently Asked Questions

  1. How much of the quarter's profit improvement came from one-time tariff refunds?

    The company stated that the quarter included a net benefit of approximately $95 million from IEEPA tariff refunds, which helped drive adjusted operating profit growth of 17 percent and adjusted EPS growth of 26 percent. Management described its underlying performance as largely in line with its prior outlook.

  2. Why did Masco raise its 2026 earnings guidance?

    Management raised 2026 adjusted EPS guidance to $4.40 to $4.60 from $4.10 to $4.30, citing an anticipated full-year net benefit of approximately $85 million from IEEPA tariff refunds. The reported EPS range is $4.21 to $4.41, which includes rationalization charges of $0.19 per share.

  3. How did sales perform across regions and segments?

    Net sales decreased 3 percent to $1,992 million. Plumbing Products net sales fell 3 percent and Decorative Architectural Products fell 4 percent. In local currency, North American sales decreased 5 percent while International sales increased 4 percent. Management attributed the sales decline to a challenging comparison with the prior year and targeted strategic investments to support growth.

  4. How is Masco funding shareholder returns and how did the balance sheet change?

    Masco returned $454 million to shareholders in the quarter through dividends and share repurchases. For the six months, purchases of common stock were $592 million and a $300 million term loan was drawn. Long-term debt increased to $3,245 million from $2,945 million at December 31, 2025, and equity moved to a deficit of $118 million from $76 million.

04—Continue

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