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Masco Corporation (NYSE: MAS) is a global leader in the home improvement and new home construction markets, renowned for its extensive portfolio of high-quality, innovative, and cost-effective products. Masco's diverse product range includes plumbing fixtures, decorative architectural products, and installation services, catering to both residential and commercial sectors.
The company's $5-billion plumbing segment is anchored by iconic brands such as Delta and Hansgrohe, offering top-of-the-line faucets, showerheads, and other related plumbing accessories. Meanwhile, the $3-billion decorative architectural segment is spearheaded by Behr and Kilz, brands known for their exceptional paints and coatings. Additionally, Masco provides builder hardware and lighting solutions to meet various consumer needs.
Among Masco's distinguished brands are Delta, Behr, KraftMaid, Merillat, Hansgrohe, Milgard, and Liberty, each contributing to the company's reputation for quality and performance. Masco's commitment to innovation is evident in its recent initiatives, such as Behr Paint Company's launch of the 2024 Exterior Stain Color of the Year, Tugboat. This unique blend of brown and gray tones is part of Behr's Curb Appeal Collection, aimed at simplifying the color selection process for exterior projects while enhancing outdoor aesthetics.
Masco's financial stability and strategic growth are bolstered by strong partnerships and a relentless focus on sustainability. The company strives to deliver environmentally friendly solutions that enrich the lives of consumers worldwide. By continually strengthening its leadership brands, Masco ensures it remains at the forefront of the home improvement industry.
Whether you're a DIY enthusiast or a professional contractor, Masco's products are designed to meet your project needs with unparalleled quality and innovation. For the latest updates and detailed information about Masco Corporation, visit their official website or follow their news releases.
Masco Corporation (NYSE: MAS) reported its first quarter results for 2023, revealing a 10% decrease in net sales to $1,979 million compared to the previous year. In local currency, North American sales also fell by 10%, while international sales dropped by 3%. Despite the sales decline, gross margin increased by 180 basis points to 33.8%. Operating profit stood at $315 million, with adjusted operating profit at $312 million. Earnings per share decreased to $0.90, versus $0.97 in Q1 2022. The company continues to project adjusted earnings per share for the year in the range of $3.10 to $3.40. Additionally, Masco appointed David Chaika as interim CFO effective June 1, 2023, to replace John G. Sznewajs.
Kichler Lighting LLC, based in Solon, Ohio, has launched two new interior decorative collections, the New Modern Collection and Ceiling Space Collection, on April 21, 2023. The New Modern Collection consists of 11 families of fixtures that blend edgy designs with soft curves, offering oversized and decorative options for various ceiling styles. The Ceiling Space Collection features 10 families of designs inspired by modern trends and geometric shapes. Both collections are available in multiple finishes, enhancing design versatility for homeowners and professionals alike. Kichler Lighting, part of Masco Corporation (NYSE: MAS), aims to innovate and transform spaces with stylish and efficient lighting solutions.
Behr Paint Company has launched its inaugural Exterior Wood Stain Color of the Year, Cordovan Brown, a versatile and timeless hue aimed at enhancing outdoor spaces. This deep, rich color complements various architectural styles and pairs well with Behr's 2023 Paint Color of the Year, Blank Canvas. Available exclusively at The Home Depot, Cordovan Brown is featured across multiple BEHR® products. Jodi Allen, Behr's Global Chief Marketing Officer, highlighted the focus on simplifying color selection for consumers. The company's long-standing tradition of innovation and quality positions it favorably in the market, backed by its parent company, Masco Corporation.
Masco Corporation (NYSE: MAS) will hold a conference call on
Behr Paint Company launched a new program, 'Women in Paint', on International Women's Day 2023, in collaboration with the Painting Contractors Association (PCA). The initiative aims to enhance the visibility of women in the painting industry, where they currently represent only 10% of the workforce. This program will showcase the achievements of four professional women painters and provide educational resources through training events. Behr's Global Chief Marketing Officer, Jodi Allen, emphasized the importance of supporting women tradespeople to encourage future generations.