04.23.25
Masco Corporation reported its first quarter 2025 results.
On a reported basis, compared to the first quarter 2024, net sales decreased 6% to $1,801 million; in local currency and excluding divestitures, net sales decreased 3%. Decorative Architectural Products’ net sales decreased 16%; in local currency and excluding divestitures, net sales decreased 8%.
Gross margin increased 20 basis points to 35.8% from 35.6%. Operating profit decreased 10% to $286 million from $318 million, while operating margin decreased 60 basis points to 15.9% from 16.5%. Net income decreased 10% to $0.87 per share, compared to $0.97 per share.
“During the first quarter, we delivered solid adjusted operating profit margin of 16.0% and adjusted earnings per share of $0.87, and we returned $196 million to shareholders through dividends and share repurchases,” said Keith Allman, Masco president and CEO. “We also experienced significant changes in the geopolitical and macroeconomic environment, including the enactment of new and broad-reaching tariffs. Our experienced teams are actively taking steps in an effort to mitigate these increased costs through pricing actions, cost savings initiatives, and sourcing changes, as we have done in the past.
“Due to the uncertainty that persists around how these changes will impact demand, pricing, and product costs across our industry, we are not providing full-year financial guidance at this time,” continued Allman. “We are focused on responding rapidly to the shifting economic landscape and believe our market leading brands, service levels, and innovative repair and remodel-oriented product portfolio best position Masco to continue to deliver long-term shareholder value.”
On a reported basis, compared to the first quarter 2024, net sales decreased 6% to $1,801 million; in local currency and excluding divestitures, net sales decreased 3%. Decorative Architectural Products’ net sales decreased 16%; in local currency and excluding divestitures, net sales decreased 8%.
Gross margin increased 20 basis points to 35.8% from 35.6%. Operating profit decreased 10% to $286 million from $318 million, while operating margin decreased 60 basis points to 15.9% from 16.5%. Net income decreased 10% to $0.87 per share, compared to $0.97 per share.
“During the first quarter, we delivered solid adjusted operating profit margin of 16.0% and adjusted earnings per share of $0.87, and we returned $196 million to shareholders through dividends and share repurchases,” said Keith Allman, Masco president and CEO. “We also experienced significant changes in the geopolitical and macroeconomic environment, including the enactment of new and broad-reaching tariffs. Our experienced teams are actively taking steps in an effort to mitigate these increased costs through pricing actions, cost savings initiatives, and sourcing changes, as we have done in the past.
“Due to the uncertainty that persists around how these changes will impact demand, pricing, and product costs across our industry, we are not providing full-year financial guidance at this time,” continued Allman. “We are focused on responding rapidly to the shifting economic landscape and believe our market leading brands, service levels, and innovative repair and remodel-oriented product portfolio best position Masco to continue to deliver long-term shareholder value.”
