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Masco MAS Q1 2024 earnings

Reported April 24, 2024 · Before market open

Revenue$1.9BMiss by $10.4M
EPS$0.93Beat by $0.05
Revenue estimate$1.9B
EPS estimate$0.88

Next report

Date not yet announced

Financials

Q1 2024

Income statement

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Revenue$1.9B-2.7%
Gross profit$685.0M+2.4%
Operating income$318.0M+1.0%
Net income$215.0M+4.9%
EPS (diluted)$0.97+7.8%

Balance sheet

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Cash & equivalents$368.0M-27.8%
Total debt$3.2B-0.1%
Total equity-$75.0M+80.2%
Total assets$5.3B-1.7%

Cash flow

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Operating cash flow-$94.0M-385%
CapEx$31.0M-49.2%
Free cash flow-$125.0M-346%

Valuation & ratios

Valuation

as of 03/31/24
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Market cap$17.43B+55.8%
Enterprise value$20.26B+46.0%
P/E19×+5.3×
P/S2.2×+0.9×

Profitability

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Gross margin36%+4.4pp
Operating margin17.1%+2.2pp
Net margin11.6%+2.0pp
FCF margin13.6%+3.6pp

Returns & leverage

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Current ratio1.7×+0.2×

Segments

By segment

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Plumbing Products$1.2B-2.5%
Decorative Architectural Products$734.0M-3.0%

By geography

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North America$1.5B-1.9%
International$400.0M-5.7%

Versus estimates

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Questions, answered.

When did Masco report Q1 2024 earnings?
Masco (MAS) reported Q1 2024 earnings on April 24, 2024 before market open.
What were Masco's Q1 2024 revenue and EPS?
Masco reported revenue of $1.9B and eps of $0.93 for Q1 2024.
Did Masco beat estimates in Q1 2024?
Revenue missed the consensus estimate of $1.9B by $10.4M. EPS beat the consensus estimate of $0.88 by $0.05.
Where can I find Masco's Q1 2024 SEC filings?
You can read the 10-Q periodic report (0000062996-24-000012) directly on SEC EDGAR. The filing index links above go to sec.gov.