Masco raises 2026 profit forecast after Q3 sales rise 3%
Q3 adjusted EPS of $1.19 topped the $1.04 consensus estimate compiled by Finnhub, and the company raised its 2026 adjusted EPS forecast to $4.65 to $4.75.
Key takeaways
- Masco Corporation (MAS) said on Oct. 28 its third-quarter adjusted earnings per share rose 23% to $1.19, topping the $1.04 consensus estimate compiled by Finnhub, and raised its 2026 adjusted EPS forecast to $4.65 to $4.75 from $4.40 to $4.60. Net sales rose 3% to $1,966 million.
Masco Corporation (MAS) said on Oct. 28 that its third-quarter adjusted earnings per share rose 23% to $1.19, topping the $1.04 consensus estimate compiled by Finnhub. It also raised its 2026 adjusted earnings per share forecast.
Revenue of $1,966 million was in line with the $1.95 billion consensus estimate compiled by Finnhub, according to the company's results release, filed as Exhibit 99 to its 8-K.
The company makes branded home improvement and building products, including Behr paint and Delta faucets.
Here's how the company did:
- Adjusted EPS: $1.19 vs. $0.97 a year earlier, against a $1.04 estimate according to Finnhub
- Net sales: $1,966 million vs. $1,917 million a year earlier, against a $1.95 billion estimate according to Finnhub
- Diluted EPS, GAAP: $1.17 vs. $0.90 a year earlier
Net sales rose 3% from a year earlier. Excluding its divestiture and currency, net sales rose 4%, the company said.
Adjusted operating profit was $351 million, up from $312 million a year earlier. The adjusted operating margin was 17.9%, compared with 16.3% in the third quarter of 2025.
2026 guidance
The company raised its 2026 adjusted EPS forecast to $4.65 to $4.75, from the $4.40 to $4.60 range it gave on July 29. Its GAAP EPS forecast is $4.51 to $4.61.
CEO Jon Nudi said: "Based on the strength of our operational performance year-to-date, we now expect adjusted earnings per share to be in the range of $4.65 to $4.75, compared to our previous guidance range of $4.40 to $4.60." He added: "the long-term fundamentals of the repair and remodel market remain strong, and we are executing well."
Segment results
Plumbing Products net sales rose 4% to $1,338 million. Decorative Architectural Products net sales were flat at $628 million.
Cash and capital returns
The company returned $322 million to shareholders through dividends and share repurchases in the quarter. Its board declared a quarterly dividend of $0.32 per share, payable Nov. 23 to shareholders of record on Nov. 6. Liquidity at the end of the quarter was $1,610 million, including revolver availability.