Masco Corporation - MAS STOCK NEWS

Masco Corporation (NYSE: MAS) announced that its Chief Financial Officer, John Sznewajs, will participate in a live fireside chat at the Barclays Industrial Select Conference on February 23 at 8:35 a.m. ET in Miami, Florida. The event will be accessible via a live webcast on the company’s website, and a replay will be available until March 23, 2022. Masco is a leader in home improvement and building products, offering brands like Behr®, Delta®, and Kichler®.

Masco Corporation (NYSE: MAS) reported a 9% increase in fourth quarter sales, reaching $2,022 million. Operating profit was $218 million, with adjusted operating profit at $265 million. Earnings per share from continuing operations declined to $0.55, while adjusted EPS was $0.67. For 2022, earnings per share are projected between $4.06 and $4.26. The Board declared a quarterly dividend of $0.28 per share, a 19% increase.

In 2021, total sales grew 17%, totaling $8,375 million, while adjusted EPS rose 19% to $3.70.

Curbio, a leader in pay-at-closing home improvement solutions, has secured $65 million in a Series B funding round, bringing total funding to $93 million since its inception in 2017. Led by Revolution Growth, the funding will aid Curbio's expansion and the development of its proprietary technology. With projects yielding a 20% increase in selling prices and a 50% reduction in project duration, Curbio aims to capitalize on an $85 billion market opportunity to enhance the home selling process.

Masco Corporation (NYSE: MAS) announced a conference call set for February 8, 2022, at 8:00 a.m. ET to discuss its fourth quarter and full-year 2021 results. The call will be hosted by CEO Keith Allman and will include distribution of results at 7:00 a.m. ET. Interested parties can register via phone or access the webcast through Masco's website. A replay will be available shortly after the call, continuing until March 10, 2022. Masco is recognized for its leading brands in home improvement and building products, enhancing value for customers and shareholders.

PPG has appointed Irene Tasi as the new Chief Growth Officer, effective December 6, 2021. Tasi will spearhead PPG's growth initiatives, overseeing corporate strategy, marketing, and innovation. Reporting to CEO Michael McGarry, she brings over 20 years of experience from Masco Corporation, where she held various leadership roles, including president of Kichler Lighting. Tasi's background in strategic marketing and operational excellence aims to enhance shareholder value and customer satisfaction.

Masco Corporation (NYSE: MAS) reported strong third-quarter results with an 11% increase in sales to $2,204 million. Operating profit was $385 million, with an operating margin of 17.5%. Earnings per share (EPS) from continuing operations stood at $0.89, while adjusted EPS was $0.99. The company returned $186 million to shareholders and updated its expected EPS range for 2021 to $1.67 - $1.73, adjusted EPS at $3.67 - $3.73. Despite challenges, Masco expects to see continued margin expansion and double-digit growth in adjusted EPS in 2022.

Behr Paint Company has partnered with The Home Edit to be the exclusive paint supplier for their new headquarters, The Home Edit House in Nashville, TN. The collaboration showcases Behr's BEHR DYNASTY™ paint, known for its stain resistance and one-coat coverage. The paint colors reflect The Home Edit's signature rainbow aesthetic, enhancing their design vision. This partnership aligns with Behr's commitment to innovation and quality, providing a vibrant backdrop for The Home Edit’s creative projects. The featured colors are available exclusively at The Home Depot nationwide.

Masco Corporation (NYSE: MAS) announced it will host a conference call on October 27, 2021, at 8:00 a.m. ET, to discuss its 2021 third quarter results. The call will be led by President and CEO Keith Allman. Participants should register 5-10 minutes prior by calling (844) 549-7577 or (442) 275-1712 for international attendees, using conference ID 9989065. Results and supplemental materials will be available on Masco’s website at www.masco.com at 7:00 a.m. ET the same day.

Behr Paint Company has launched MUSIC IN COLOR by BEHR, an innovative tool in collaboration with Katy Perry and Spotify, which provides personalized paint color recommendations based on users' favorite songs. This tool utilizes Spotify's streaming technology to match songs' characteristics with a unique array of paint colors, including Laser Lemon and Sea of Tranquility, inspired by Katy's hits. The initiative aims to enhance the DIY experience by merging music and color, making the selection process engaging and creative.