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LIVONIA, Mich. - Masco Corporation (NYSE:MAS) reported third quarter earnings that fell short of analyst expectations on Wednesday, as the home improvement products manufacturer faced challenging market conditions.
The company’s shares slipped 1.36% in pre-market trading following the announcement.
The company posted adjusted earnings per share of $0.97, missing the analyst estimate of $1.03. Revenue declined 3% to $1.92 billion, below the consensus estimate of $1.95 billion. In local currency and excluding divestitures, net sales decreased 2% compared to the same period last year.
Masco also lowered its full-year outlook, now expecting 2025 adjusted earnings per share between $3.90 and $3.95, down from its previous guidance of $3.90 to $4.10 and below the analyst consensus of $4.04.
"During the third quarter, we continued to navigate through a dynamic geopolitical and macroeconomic environment. While the near-term market conditions remained a headwind to our business, our teams continued to focus on execution to grow share and drive long-term success," said Masco President and CEO Jon Nudi.
The company’s Plumbing Products segment saw a 2% increase in net sales to $1.25 billion, while the Decorative Architectural Products segment experienced a 12% decline to $670 million. Adjusted operating margin decreased 190 basis points to 16.3% from 18.2% in the prior year quarter.
Gross margin fell 210 basis points to 34.6% compared to 36.7% in the third quarter of 2024, reflecting continued pressure on profitability.
Despite the challenges, Masco returned $188 million to shareholders through dividends and share repurchases during the quarter, including buying back 1.8 million shares for $124 million.
"We remain committed to leveraging the strength of our industry leading brands, innovative product portfolio, and unmatched customer service, and we believe Masco is well positioned to continue to deliver long-term shareholder value," Nudi added.
The company’s board declared a quarterly dividend of $0.31 per share, payable on November 24, 2025, to shareholders of record on November 7, 2025.
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