Masco at Deutsche Bank summit: growth bets amid soft housing
Tuesday, 11 August 2026 — Masco Corporation (MAS) unveiled a roadmap for sustained growth, improved profitability and prudent capital expenditure during a presentation at Deutsche Bank's Chicago Industrials Summit. The firm acknowledged a challenging environment, with four years of declining sales in the repair and remodel sector, yet it maintained confidence in long-term demand due to strong home equity values and aging housing stock.
Masco CFO Rick Westenberg stated that the company's long-term financial outlook remains unchanged, with targets through 2028 aiming for an organic growth rate of 3-4% annually, an 18% adjusted operating margin by 2028, and a 10% compound annual growth rate (CAGR) in EPS. He highlighted the residential repair and remodel market's potential for over $20 billion in pent-up demand and the company's use of its Masco Operating System to drive continuous improvement and margin discipline.
Masco is also investing in growth initiatives, including digital marketing, commercial excellence and revenue growth management, as well as implementing cost optimization measures. The plumbing division is identified as a key growth driver, with opportunities in wellness and global projects, and Behr paint continuing to perform well, particularly in the professional segment.
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