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Masco (MAS) Misses on Q3 Earnings & Revenues

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Masco Corporation (MAS - Free Report) is one of the leading cabinetry manufacturers in the U.S. and holds one of the largest shares in faucets. Its popular brands include KraftMaid and Merillat cabinets, Delta and Hansgrohe faucets, Behr paint, and Milgard windows.

Demand for Masco’s products has been benefiting from an increase in new home construction and home improvement activities in North America. The repair and remodel market recovery is also gaining traction. However, international revenue is hurt by unfavorable foreign currency translations.

Investors should also note that there have been no significant earnings estimate revisions for Masco. However, Masco has an impressive earnings history. The home improvement and building products company has posted positive earnings surprise in all of the past four quarters, with an average positive surprise of 14.69%.   

Currently, Masco has a Zacks Rank #3 (Hold), but that could definitely change following Masco’ earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

We have highlighted some of the key stats from this just-revealed announcement below:

MASCO Price and EPS Surprise

 

MASCO Price and EPS Surprise | MASCO Quote

Earnings: Masco missed on earnings.  Our consensus estimate called for EPS of 44 cents and the company reported EPS of 41 cents instead. Investors should note that these figures take out stock option expenses.

Revenues: Masco reported revenues of $1,877 million, missing our consensus estimate of $1,911 million.  

Key Stats to Note: Cabinetry Products’ net sales decreased 6% due to the exit of lower margin business in the builder channel.

Check back later for our full write up on this MAS earnings report later.

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