Masco

Masco designs, makes and sells branded home improvement and building products. It reports two segments: Plumbing Products and Decorative Architectural Products. Plumbing Products includes Delta and hansgrohe faucets, bath and shower fixtures, Liberty hardware and HotSpring spas. Decorative Architectural Products includes Behr paint.

Masco makes money from the margin on these products. Its sales depend mostly on residential repair and remodel spending, and less on new home construction. Net sales were $1.97 billion in Q3 2026, and about 80% of them were in North America.

The market discounts Masco because US repair and remodel spending is weak and investors doubt that its sales growth can last. In Q2 2026, North American sales fell 5% in local currency, and a one-time benefit from tariff refunds hid the weaker sales. The stock fell 11.1% on July 29, 2026, the day of that report. In Q3 2026, North American sales grew 5% in local currency, with help from higher prices, and adjusted EPS grew 23%.

But the CEO said on October 28, 2026 that demand will stay weak in the near term. Mortgage rates near 7.5% in September 2026 keep home sales low, and fewer home sales mean less remodeling and less paint demand. For the gap to close, sales must keep growing in 2027 without tariff refunds, and volumes must grow, not only prices. The adjusted operating margin must stay high, and Masco must keep its buybacks, which used $852 million in the first nine months of 2026, without a large rise in debt.

The next tests are the full-year 2026 report and the 2027 outlook, expected in early 2027, and the quarterly reports of 2027. If volumes recover, the gap can close over the next four to six quarters. If the housing market stays weak, the discount can last into 2028.

1. Oct 28, 2026Passed

   Q3 2026 results: North American salesNorth American sales that are flat or up in local currency and an adjusted operating margin near Q2 without new tariff refunds pass; another fall in North American sales or a cut to the 2026 outlook fails.Outcome: North American sales grew 5% in local currency, the adjusted operating margin rose to 17.9% from 16.3% a year earlier, and Masco raised its 2026 adjusted EPS outlook to $4.65 to $4.75.
2. Jan 28, 2027 · est.Pending

   Full-year 2026 results and 2027 outlookA 2027 outlook with sales growth and adjusted EPS above 2026 without the tariff refunds passes; an outlook of falling sales fails.

Every passed and failed checkpoint across all picks

• October 28, 2026Masco reported Q3 2026 results. Net sales grew 3% to $1.97 billion, and grew 4% in local currency without the sold Bristan business. North American sales grew 5% in local currency. The adjusted operating margin was 17.9%, up from 16.3%, and adjusted EPS grew 23% to $1.19. Masco raised its 2026 adjusted EPS outlook to $4.65 to $4.75, from $4.40 to $4.60. The CEO said that demand will stay weak in the near term. In Q3 2026, Masco also sold Bristan, a UK maker of faucets and showers, for £49 million ($65 million), net of cash disposed.
• September 28, 2026Masco said that it will release Q3 2026 results on October 28, 2026, before its conference call at 8:00 a.m. ET.
• September 15, 2026Masco appointed Yaron Ben David as Chief Technology and AI Officer, effective September 15, 2026.

Last earnings

October 28, 2026 (8-K on sec.gov)

Next earnings

Expected about January 28, 2027. The company has not confirmed the date.

• 10-QQuarterly report for the period ended Sep 30, 2026Filed October 28, 2026 · mas-20260930
• 8-KEarnings releaseFiled October 28, 2026 · Press release and exhibits
• 10-QQuarterly report for the period ended Jun 30, 2026Filed July 29, 2026 · mas-20260630
• 8-KEarnings releaseFiled July 29, 2026 · Press release and exhibits
• 8-KChange to shareholder rights or bylaws and Shareholder vote resultsFiled May 14, 2026 · mas-20260508
• 10-QQuarterly report for the period ended Mar 31, 2026Filed April 22, 2026 · mas-20260331
• 8-KEarnings releaseFiled April 22, 2026 · Press release and exhibits
• 8-KChange of directors or officersFiled April 21, 2026 · Read it on sec.gov
• 8-KNew material agreement and End of a material agreementFiled March 26, 2026 · mas-20260320
• 8-KChange of directors or officersFiled February 12, 2026 · Read it on sec.gov

Every filing on SEC EDGAR (CIK 62996)

• Masco's sales depend on US repair and remodel spending and on DIY paint demand. Mortgage rates near 7.5% in September 2026 keep home sales low. North American sales grew 5% in local currency in Q3 2026, with help from higher prices, but the CEO expects weak demand in the near term. If demand stays weak, volumes and margins fall.
• Masco imports many plumbing products, and tariffs, mainly on goods from China, raise its costs. Operating profit for the first nine months of 2026 includes a one-time net benefit from tariff refunds of about $90 million, which will not repeat.
• Masco sells through a small number of large home centers and wholesalers. The loss of shelf space or a change in a large customer's orders would lower sales.
• Masco spends on growth investments and buybacks while sales fall. Total liabilities were larger than total assets at September 30, 2026. If cash flow falls, Masco may need to cut buybacks or borrow more.

Masco funds itself with unsecured notes and a term loan of the parent company. At September 30, 2026, long-term debt was $3.245 billion and notes payable were $2 million. Read more

Yield at the current rate

1.5% (current annual rate, at today’s price)

Dividend yield

1.5% (last 12 months, at today’s price of $84.91)

Paid per share

$1.28 in the last 12 months (4 payments)

Current annual rate

$1.28 ($0.32 × 4 a year)

Payout ratio

32% of the last fiscal year’s earnings (the year that ended December 31, 2025)

Latest ex-dividend date

November 6, 2026, $0.32 per share

Dividends per share by year

From 2020 to 2025, the dividend grew by about 17.9% a year. From 2015 to 2025, the dividend grew by about 13.7% a year.

Source: company filings and market data, read on November 13, 2026. The ex-dividend date is the first day a buyer no longer gets the next payment.