Masco beats Q3 estimates, raises full-year guidance

Masco Corporation reported better-than-expected third quarter results, surpassing analyst forecasts and raising its full-year earnings guidance. The home improvement products manufacturer disclosed adjusted earnings per share of $1.19 for Q3, outpacing the consensus of $1.02 by $0.17. Sales rose 3% to $1.97 billion, exceeding the forecasted $1.93 billion and a year-over-year increase from $1.92 billion.

Excluding the sale of Bristan and currency impacts, net sales climbed 4%. The company adjusted its full-year adjusted EPS guidance to a range of $4.65 to $4.75, surpassing the previous range of $4.40 to $4.60. On a reported basis, Masco anticipates full-year EPS of $4.51 to $4.61. CEO Jon Nudi attributed the strong performance to the company's teams, strategic execution, and business resilience.

For Q3, sales increased 3% or 4% excluding divestiture and currency impacts, adjusted operating margin expanded 160 basis points to 17.9%, and adjusted EPS grew 23%. Gross margin expanded 250 basis points to 37.1%. Masco returned $322 million to shareholders through dividends and share repurchases. The company declared a quarterly dividend of $0.32 per share, payable to shareholders on November 23, 2026, with the record date on November 6, 2026.