Masco Corporation - MAS STOCK NEWS

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.

Behr Paint Company has announced its 2022 Color of the Year, Breezeway MQ3-21, a silvery green shade inspired by sea glass. The color, part of the BEHR 2022 Color Trends Palette, is designed to evoke feelings of coolness and renewal. Breezeway will be featured in BEHR DYNASTY, the company's most advanced four-in-one paint offering. This new product promises enhanced performance, including stain resistance and fast-drying properties. To celebrate, Behr is hosting the Color in Motion Sweepstakes, with a grand prize of $50,000 for one winner.

Masco Corporation (NYSE: MAS) announced that CFO John Sznewajs will present at the RBC Capital Markets Global Industrials Conference on September 9, 2021, at 8:00 a.m. ET. The presentation will be available for live streaming on the Investor Relations section of the company’s website. A replay will be accessible until September 23, 2021. Masco, headquartered in Livonia, Michigan, is a global leader in home improvement and building products, offering brands like Behr®, Delta®, and HotSpring®.

Behr Paint and Zillow have collaborated to launch a curated palette of interior paint colors aimed at enhancing home value. Findings from a Zillow-commissioned study indicate that specific shades can increase a buyer's offer by nearly $5,000. The palette features 12 colors, blending light neutrals and various blues, each associated with potential value increases in different rooms. For instance, light blue bathrooms could add 1.6% to offers. The colors are now available at The Home Depot.

Masco Corporation (NYSE: MAS) reported strong second-quarter results, achieving a 24% increase in net sales to $2,179 million, with adjusted earnings per share rising to $1.14, compared to $0.85 last year. The company experienced four consecutive quarters of double-digit sales growth and margin expansion. Despite a 53% sales increase in Plumbing Products, Decorative Architectural Products saw a 5% decline. Masco returned $507 million to shareholders via dividends and buybacks. They anticipate a revised earnings target between $3.65 and $3.75 per share for the fiscal year.

KILZ® has launched the KILZ® Pro Van Contest, offering professional painters a chance to win a 2020 Ford® Transit 350 Cargo Van valued at $110,000, equipped with a range of top-quality painting tools. This initiative reflects KILZ's commitment to supporting the painting community and enhancing business capabilities. The contest runs from July 12 to October 12, 2021, inviting entrants to showcase their professional skills. In addition to transportation, the van includes equipment from leading brands, reinforcing KILZ’s dedication to the trade industry.

Masco Corporation (NYSE: MAS) will hold a conference call on July 29, 2021, at 8:00 a.m. ET to discuss its second quarter results. The call will be hosted by President and CEO Keith Allman. Participants are encouraged to register 5-10 minutes early. Results and supplemental materials will be available at 7:00 a.m. ET on the same day, both on the company's website and during the call. A replay will be available shortly after the call concludes, lasting until August 29, 2021. For more information, visit www.masco.com.

Masco Corporation (NYSE: MAS) has announced an accelerated share repurchase (ASR) agreement worth $350 million with the Royal Bank of Canada to buy back its common stock. This buyback is part of a larger $2 billion share repurchase program initiated on February 9, 2021. Masco will receive approximately 5.1 million shares on June 10, 2021, equating to about 85% of the initial shares based on a closing price of $58.41. The final repurchased share count will depend on the company's volume-weighted average price during the agreement period and is expected to conclude by July 29, 2021.