Masco 10-Q Details Q3 Earnings Beat, $788M Nine-Month Operating Cash Flow and $300M Term Loan Draw
MAS sits 36% above its 52-week low of $58.165.
Summary
Masco's Q3 10-Q confirms 3% sales growth to $1,966 million and 12% higher operating profit, with $788 million of nine-month operating cash flow funding heavy buybacks that pushed total equity into a $193 million deficit.
Key Events · Earnings and Guidance · MAS
-
Q3 Sales and Profit Grow
Net sales rose 3% to $1,966 million and operating profit rose 12% to $338 million; gross margin expanded 240 basis points to 36.6%.
-
Cash Flow Funds Buybacks
Nine-month operating cash flow was $788 million versus $604 million a year earlier, funding $852 million of share repurchases and $191 million of dividends.
-
Bristan Divestiture Closed
Masco sold its UK Bristan business for £49 million ($65 million) net of cash disposed, booking a $13 million preliminary gain.
-
New Debt and Equity Deficit
Long-term debt rose to $3,245 million from $2,945 million after a $300 million term loan draw at 4.517%; total equity fell to a $193 million deficit from $76 million.
Analysis · MAS · Manufacturing
The 10-Q backs up the same-day 8-K with the full financials: Q3 net sales of $1,966 million rose 3% and operating profit of $338 million rose 12%, lifting gross margin 240 basis points to 36.6%. Nine-month operating cash flow of $788 million funded $852 million of buybacks and $191 million of dividends, with $300 million drawn on a new term loan to help pay for repurchases. The trade-off is a balance sheet that has moved to a $193 million total equity deficit from $76 million of positive equity at year-end 2025, and long-term debt up to $3,245 million from $2,945 million — leverage worth tracking as buybacks continue.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 30.5% of the 1494 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.03%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, MAS was trading at $78.82 on NYSE in the Manufacturing sector, with a market capitalization of approximately $14.8B. The 52-week trading range was $58.16 to $83.64. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.