Masco Corporation - MAS STOCK NEWS

Masco (NYSE: MAS) has scheduled its 2024 fourth quarter and full-year results conference call for February 11, 2025, at 8:00 a.m. ET. The call will be led by President and CEO Keith Allman. Financial results and supplemental materials will be released at 7:00 a.m. ET on the same day and will be available on www.masco.com.

Participants can join by dialing 800-549-8228 or 289-819-1520 using conference ID 48079. The call will be simultaneously webcast through Masco's website. A replay will be available until March 11, 2025, via the website or by phone at 888-660-6264 or 289-819-1325 using passcode 48079#.

Masco , based in Livonia, Michigan, is a global leader in branded home improvement and building products, with brands including Behr® paint, Delta® and hansgrohe® fixtures, Liberty® hardware, and HotSpring® spas.

Masco (NYSE: MAS) has announced that President and CEO Keith Allman will participate in a fireside chat at the UBS Global Industrials & Transportation Conference on Wednesday, December 4, in Palm Beach, Florida at 9:40 a.m. ET. The presentation will be available via audio webcast on Masco's website and accessible for replay until March 5, 2025.

Masco , headquartered in Livonia, Michigan, is a global leader in home improvement and building products. Their portfolio includes prominent brands such as Behr® paint, Delta® and hansgrohe® fixtures, Liberty® hardware, and HotSpring® spas.

Masco (NYSE: MAS) announced that CFO Rick Westenberg will present at the Baird 2024 Global Industrial Conference in Chicago on Tuesday, November 12, at 10:15 a.m. CT. The presentation will be webcast live on Masco's website and available for replay until February 7, 2025.

Masco , headquartered in Livonia, Michigan, is a global leader in home improvement and building products. Their portfolio includes renowned brands such as Behr® paint, Delta® and hansgrohe® fixtures, Liberty® hardware, and HotSpring® spas.

Masco (NYSE: MAS) reported third quarter 2024 results with net sales of $1,983 million, in line with the prior year. The company saw mixed performance across segments, with Plumbing Products' net sales increasing 2% while Decorative Architectural Products' sales decreased 3%. Operating profit decreased 7% to $357 million, though adjusted operating profit increased 3% to $360 million. Earnings per share was $0.77, with adjusted EPS growing 8% to $1.08. The company revised its 2024 adjusted EPS guidance to $4.05-$4.15, down from the previous $4.05-$4.20 range, citing challenging market conditions.

Masco (NYSE: MAS) has announced its upcoming conference call to discuss 2024 third quarter results. The call is scheduled for Tuesday, October 29, 2024, at 8:00 a.m. ET, and will be hosted by Masco President and CEO Keith Allman. Participants are advised to register 5-10 minutes before the start time by dialing 800-549-8228 or 646-564-2877, using the conference ID 72522.

The Q3 results and supplemental material will be available on Masco's website at 7:00 a.m. ET on the same day. The call will be webcast live through the company's website, with a replay available until November 29, 2024. Masco , headquartered in Livonia, Michigan, is a global leader in branded home improvement and building products, with a portfolio including Behr® paint, Delta® and hansgrohe® fixtures, Liberty® hardware, and HotSpring® spas.

Behr Paint Company announces its first-ever BEHR® Student Design Competition in partnership with MattoBoard. The competition, open from September 19 to November 10, 2024, invites full-time or part-time emerging professional design students to submit original design plans for commercial spaces. The theme, 'No Clear Boundaries,' is inspired by the BEHR 2025 Commercial Color Forecast.

Entrants must incorporate colors from the forecast and BEHR's 2025 Color of the Year, Rumors, a deep ruby red shade. The competition aims to support emerging designers' careers. Prizes include a $3,000 cash award for the winner, plus $1,000 for their design school. Runners-up will receive $1,500 and $500 respectively. All winners get a 1-year MattoBoard Pro Subscription.

Masco (NYSE: MAS) has completed the sale of Kichler Lighting to an affiliate of Kingswood Capital Management. Kichler Lighting, based in Solon, Ohio, is a provider of decorative residential and light commercial lighting products, ceiling fans, and LED lighting systems. Kingswood Capital Management, the new owner, also owns Progress Lighting, another provider of decorative lighting solutions.

Masco , headquartered in Livonia, Michigan, is a global leader in home improvement and building products. Its portfolio includes brands such as Behr® paint, Delta® and Hansgrohe® fixtures, Liberty® hardware, and HotSpring® spas. The company leverages these brands across various product categories, sales channels, and geographies to create value for customers and shareholders.

Kingswood Capital Management has acquired Kichler Lighting from Masco (NYSE: MAS) and will merge it with Progress Lighting to create a leading residential lighting platform in North America. The combined company will leverage complementary brands, expanded distribution, and enhanced service capabilities to serve various sales channels. Sean Veit, former Progress CEO, will lead as CEO, while Vijay Shankar, former Kichler President, will serve as Executive Chairman.

This strategic merger aims to preserve and enhance the distinct positioning of both Progress and Kichler brands, founded in 1906 and 1938 respectively. The leadership team, comprised of executives from both companies, is focused on a thoughtful integration process to maximize benefits for customers across homebuilder, trade, showroom, retail, and ecommerce segments.

Masco (NYSE: MAS) has announced a definitive agreement to sell its Kichler Lighting business to an affiliate of Kingswood Capital Management for approximately $125 million, subject to adjustments. Kichler Lighting, based in Solon, Ohio, provides decorative residential and light commercial lighting products. The transaction is expected to close by year-end, pending regulatory approvals.

Keith Allman, President and CEO of Masco, stated that Kichler has undergone transformations under Masco's ownership, improving efficiency and innovation. He believes the business has greater growth potential as part of an organization more focused on lighting. Kingswood Capital Management, the buyer, already owns Progress Lighting, another decorative lighting solutions provider.