How did Masco's sales and profitability perform in the third quarter of 2026?

Net sales increased 3 percent to $1,966 million, and 4 percent in local currency excluding the Bristan divestiture. Operating profit rose 12 percent to $338 million, and reported operating margin was 17.2 percent. On an adjusted basis, operating profit increased 13 percent to $351 million and adjusted operating margin was 17.9 percent.

What changed in Masco's 2026 earnings guidance?

Management raised its adjusted earnings per share expectation to $4.65 to $4.75 from the previous $4.40 to $4.60 range. Reported earnings per share is expected to be $4.51 to $4.61, including rationalization charges of $0.19 and a gain on the sale of the Bristan business of $0.05 per share.

How much did Masco return to shareholders and how is its balance sheet positioned?

The company returned $322 million to shareholders in the quarter through dividends and share repurchases. For the nine months, it bought $852 million of common stock and paid $191 million in cash dividends. Long-term debt rose to $3,245 million from $2,945 million at year-end 2025, and total liquidity was $1,610 million at September 30, 2026. Total equity was $(193) million at that date, compared with $76 million at December 31, 2025.

What did management say about demand conditions?

Management said it expects the demand environment to remain challenged in the near term. It also said the long-term fundamentals of the repair and remodel market remain strong and that the company is executing well against its strategy.

MAS 8-K: Earnings & Results

01—Abstract

Summary

Summary of the 8-K filed October 28, 2026. Cited figures are marked; the original filing is the authoritative source.

Masco Corporation reported third quarter 2026 results on October 28, 2026.

Net sales increased 3 percent to $1,966 million^a, or 4 percent in local currency and excluding the divestiture of Bristan. Reported operating profit rose 12 percent to $338 million, with operating margin of 17.2 percent. Adjusted operating margin was 17.9 percent, and adjusted earnings per share grew 23 percent to $1.19.

Reported earnings per share were $1.17^b, compared with $0.90 a year earlier. Plumbing Products net sales rose 4 percent, Decorative Architectural Products were flat, and North American net sales increased 5 percent in local currency, while International net sales decreased 5 percent in local currency (down 1 percent excluding the divestiture). The company returned $322 million to shareholders through dividends and share repurchases in the quarter.

Nine-month cash flow from operating activities was $981 million^c, and net cash from operating activities was $788 million after working capital changes. Share repurchases for the nine months totaled $852 million. Total liquidity at September 30, 2026 was $1,610 million, including $1,000 million of revolver availability.

Long-term debt increased to $3,245 million^d from $2,945 million at December 31, 2025, and the company reported total equity of $(193) million at September 30, 2026, compared with $76 million at year-end 2025. Management raised its 2026 adjusted earnings per share guidance to $4.65 to $4.75 from the prior range of $4.40 to $4.60, and now expects reported earnings per share of $4.51 to $4.61.

The Board declared a quarterly dividend of $0.32 per share, payable November 23, 2026 to shareholders of record on November 6, 2026. Management noted that it expects near-term demand to remain challenged, while describing repair and remodel fundamentals as long-term strong.

02—Key points

Key Highlights

Net sales rose 3 percent to $1,966 million in Q3 2026 (4 percent in local currency excluding the Bristan divestiture).
Reported operating margin improved 140 basis points to 17.2 percent; adjusted operating margin rose 160 basis points to 17.9 percent.
Adjusted earnings per share grew 23 percent to $1.19; reported EPS was $1.17 versus $0.90 a year earlier.
2026 adjusted EPS guidance raised to $4.65 to $4.75 from $4.40 to $4.60; reported EPS guidance is $4.51 to $4.61.
Returned $322 million to shareholders in the quarter through dividends and share repurchases; nine-month share purchases totaled $852 million.
Total liquidity was $1,610 million at September 30, 2026, and long-term debt rose to $3,245 million from $2,945 million at year-end 2025.
Quarterly dividend of $0.32 per share declared, payable November 23, 2026.

03—Questions

Frequently Asked Questions

How did Masco's sales and profitability perform in the third quarter of 2026?
Net sales increased 3 percent to $1,966 million, and 4 percent in local currency excluding the Bristan divestiture. Operating profit rose 12 percent to $338 million, and reported operating margin was 17.2 percent. On an adjusted basis, operating profit increased 13 percent to $351 million and adjusted operating margin was 17.9 percent.
What changed in Masco's 2026 earnings guidance?
Management raised its adjusted earnings per share expectation to $4.65 to $4.75 from the previous $4.40 to $4.60 range. Reported earnings per share is expected to be $4.51 to $4.61, including rationalization charges of $0.19 and a gain on the sale of the Bristan business of $0.05 per share.
How much did Masco return to shareholders and how is its balance sheet positioned?
The company returned $322 million to shareholders in the quarter through dividends and share repurchases. For the nine months, it bought $852 million of common stock and paid $191 million in cash dividends. Long-term debt rose to $3,245 million from $2,945 million at year-end 2025, and total liquidity was $1,610 million at September 30, 2026. Total equity was $(193) million at that date, compared with $76 million at December 31, 2025.
What did management say about demand conditions?
Management said it expects the demand environment to remain challenged in the near term. It also said the long-term fundamentals of the repair and remodel market remain strong and that the company is executing well against its strategy.

04—Continue

← View all 8-K filings