$MAS (Masco Corporation)

$MAS {{ '2016-07-26T15:31:42+0000' | timeago}} • Webcast

Robert W. Baird analyst Timothy Ronald Wojs asks about $MAS' acquisition strategy. CEO Keith Allman says there is no change in the strategy which is focused on bolt on acquisitions, where the acquiring company intends to merge the target into one of its departments. $MAS has been specifically looking for deals in the areas of Paint and Plumbing.

$MAS {{ '2017-06-26T13:21:41+0000' | timeago}} • Announcement

<span style="font-size:12.0pt;line-height:115%;font-family: "Times New Roman","serif"">$MAS said holders of the notes tendered under its previously announced cash tender offers will be eligible to receive the total consideration, including the applicable early tender payment specified in the offer. Holders of the notes will also get accrued interest up to, but not including June 27, 2017, the expected settlement date of the notes.

$MAS {{ '2017-06-22T13:49:27+0000' | timeago}} • Announcement

The BoD of $MAS declared a quarterly dividend of $.10 per common share. The dividend is payable on Aug. 14, 2017, to shareholders of record on July 14, 2017.

$MAS {{ '2017-04-25T11:58:20+0000' | timeago}} • Announcement

$MAS updated its 2017 EPS target to the range of $1.90-2.00 per common share, exceeding its previous guidance of $1.80. This updated target includes an estimated $0.06 benefit from a reduction in the company's expected tax rate. The company also expects demand in both repair and remodel and new home construction to be positive.

$MAS {{ '2017-04-25T11:54:47+0000' | timeago}} • Announcement

$MAS’s Plumbing Products’ sales rose 6% to $863MM in 1Q17, while Decorative Architectural Products’ sales increased 2% for the quarter to $505MM compared to a year ago. Cabinetry Products’ sales declined 2% to $231MM and Windows and Other Specialty Products’ sales was flat YoY at $178MM.

$MAS {{ '2017-04-25T11:50:05+0000' | timeago}} • Announcement

Home improvement products manufacturer $MAS reported a 28.44% increase in 1Q17 earnings, helped by higher sales in Plumbing Products and Decorative Architectural Products. Net income was $140MM or $0.43 per share in 1Q17 compared to $109MM or $0.32 per share a year ago. Sales grew 3.31% to $1.77Bil. Adjusted EPS grew 28% to $0.41.

$MAS {{ '2017-03-24T13:49:04+0000' | timeago}} • Announcement

The BoD of $MAS declared a quarterly dividend of $0.10 per common share. The dividend is payable on May 8, 2017 to shareholders of record on April 17, 2017.

$MAS {{ '2017-02-09T18:32:44+0000' | timeago}} • Webcast

$MAS said that for FY17, SG&A as a percentage of sales is expected to approximate the same level as FY15. The company's operating income rose 16% for FY16, with margins expanding 160 BP to 14.6%. $MAS expects to incur about $5MM in launch cost in 1Q17 related to the new product introductions.

$MAS {{ '2017-02-09T13:22:09+0000' | timeago}} • Announcement

$MAS reported that Plumbing Products’ sales increased 5% and Decorative Architectural Products’ sales increased 5% in 4Q16 compared to a year ago. Cabinetry Products’ sales decreased 8% and Windows and Other Specialty Products’ sales declined 2%.

$MAS {{ '2017-02-09T13:15:21+0000' | timeago}} • Announcement

$MAS reported a 31% increase in its 4Q16 profit, helped by higher sales in Plumbing Products and Decorative Architectural Products. Net income was $98MM or $0.30 per share compared to $75MM or $0.22 per share in the prior year quarter. Sales grew 3% to $1.76Bil. Adjusted EPS increased 14% to $0.33.

$MAS {{ '2016-12-07T21:10:05+0000' | timeago}} • Announcement

$MAS' BoD declared a quarterly dividend of $0.10 per common share. The dividend is payable on Feb. 13, 2017 to shareholders of record on Jan. 13, 2017.

$MAS {{ '2016-10-25T17:31:18+0000' | timeago}} • Webcast

$MAS spent around $65-70MM on share buybacks and has got a real cash hoard close to $1Bil available on balance sheet. $MAS said it is going to continue its disciplined capital allocation program and reinvest in business. $MAS thinks it is a balancing act to buyback more stock on a regular basis when the extent of valuations are too frothy.

$MAS {{ '2016-10-25T17:05:18+0000' | timeago}} • Webcast

$MAS remains confident that it will achieve 2017 EPS target of $1.80 that it previously stated at Investor Day in 2015. The company's operational execution, with strengthened balance sheet, strong liquidity position and substantial free cash flow, provides $MAS with multiple levers to continue to drive shareholder value.

$MAS {{ '2016-10-25T17:01:34+0000' | timeago}} • Webcast

$MAS expects to incur an additional $5MM of product launch cost in 4Q16. For 4Q16, the company still expects the revenue impact of its decision to exit select builder direct business in kitchen countertop business to negatively impact sales by $15-20MM. These impacts will continue through 1Q17.

$MAS {{ '2016-10-25T16:58:53+0000' | timeago}} • Webcast

$MAS' Cabinet segment sales declined 6% in 3Q16, due to the deliberate exits of certain lower-margin business within the builder direct channel in the U.s. and at select low-margin accounts in UK Cabinet business. This was partially offset by KraftMaid's strong performance in the retail channel.

$MAS {{ '2016-10-25T16:50:26+0000' | timeago}} • Webcast

$MAS' Decorative Architectural segment grew 2% in 3Q16, as it continued to experience strong growth across BEHR PRO business and solid performance of BEHR MARQUEE interior product. This was partially offset by timing and amount of incremental promotional expense.

$MAS {{ '2016-10-25T16:47:42+0000' | timeago}} • Webcast

$MAS' Plumbing segment delivered another strong growth in 3Q16, driven by terrific performance at Delta, Hansgrohe and Watkins. Segment sales increased 6%, excluding currency impact, on growth in faucets, showers and spas. Foreign currency translation negatively impacted sales by about $9MM in 3Q16.

$MAS {{ '2016-10-25T16:44:40+0000' | timeago}} • Webcast

$MAS continued to experience strong demand for repair and remodeling products in all channels of distribution and across the price continuity, as consumers are trading up to its best product offerings. Meanwhile, repair and remodel activity accounts for about 83% of the company's total sales for 3Q16.

$MAS {{ '2016-10-25T16:39:13+0000' | timeago}} • Webcast

$MAS' end markets, both in North America and internationally, remain strong for 3Q16. The company continues to leverage this underlying market strength by launching new products, improving sales mix, penetrating new markets and gaining share with industry leading brands.

$MAS {{ '2016-10-25T14:15:06+0000' | timeago}} • Announcement

CEO Keith Allman said consumer demand for $MAS' products remains strong, as the fundamentals for long-term demand in both repair and remodel and new home construction continue to be positive. The company will continue to successfully execute against these positive industry fundamentals to achieve long-term growth strategies, Allman added.

$MAS {{ '2016-10-25T14:10:06+0000' | timeago}} • Announcement

Home improvement products and building supplies maker $MAS reported a rise in 3Q16 earnings driven by higher revenue and continued execution against strategic initiatives. Net income rose to $134MM or $0.40 per share from $111MM or $0.32 per share last year. Net sales grew to $1.88Bil from $1.84Bil. Adjusted EPS increased to $0.41 from $0.34.

Recent Transcripts

NUE (Nucor Corporation)
Thursday, July 20 2017 - 6:00pm
UFPI (Universal Forest Products Inc.)
Wednesday, July 19 2017 - 12:30pm
MSM (MSC Industrial Direct Co. Inc.)
Wednesday, July 12 2017 - 12:30pm
AMWD (American Woodmark Corp.)
Tuesday, May 30 2017 - 3:00pm
LOW (Lowe's Companies, Inc.)
Wednesday, May 24 2017 - 1:00pm
SAND (Sandstorm Gold Ltd.)
Tuesday, May 9 2017 - 3:30pm
BLDR (Builders FirstSource, Inc.)
Tuesday, May 9 2017 - 2:00pm
DOOR (Masonite International Corporation)
Tuesday, May 9 2017 - 1:00pm
PGEM (Ply Gem Holdings, Inc)
Monday, May 8 2017 - 2:00pm
AES (The AES Corporation)
Monday, May 8 2017 - 1:00pm
LPX (Louisiana-Pacific Corp.)
Friday, May 5 2017 - 5:00pm
KOP (Koppers Holdings Inc.)
Friday, May 5 2017 - 3:00pm
LPX (Louisiana-Pacific Corp.)
Friday, May 5 2017 - 12:30pm
TREX (Trex Co. Inc.)
Friday, May 5 2017 - 12:00pm
TGB (Taseko Mines Ltd.)
Thursday, May 4 2017 - 3:00pm
DEL (Deltic Timber Corporation)
Thursday, May 4 2017 - 3:00pm
RIC (Richmont Mines Inc.)
Thursday, May 4 2017 - 12:30pm
MLM (Martin Marietta Materials, Inc.)
Tuesday, May 2 2017 - 3:00pm
SPB (Spectrum Brands Holdings, Inc.)
Tuesday, May 2 2017 - 1:00pm
PATK (Patrick Industries Inc.)
Thursday, April 27 2017 - 2:00pm

AlphaGraphics you may like