Masco Misses Q2 Sales, Slashes Guidance; Shares Drop 6%
MAS sits 29% above its 52-week low of $58.165 on elevated volume (2.5× avg).
Summary
Masco missed Q2 sales estimates by $90M, posting a 3% decline to $1.99B, as homeowners defer discretionary renovations. Plumbing segment sales also fell 3%. The company slashed full-year EPS guidance to $4.21-$4.41, down from $4.40-$4.60 just hours ago, despite a Q2 adjusted EPS beat of $1.64 vs. $1.32 expected. The guidance cut reflects underlying demand weakness, partially offset by an expected $85M IEEPA tariff refund. Shares fell 6% pre-market.
At the time of this announcement, MAS was trading at $75.00 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $16.5B. The 52-week trading range was $58.16 to $83.64. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.