PUBLIC COMPANY; YEAR ESTABLISHED: 1929
REVENUE: $1.8 billion t (2017: $2.2 billion)
Keith Allman, president and CEO; Amit Bhargava, VP, strategy and corporate development.
Masco Corp. reported net sales of $1.8 billion for paint and coatings, representing 32 percent of total net sales for Masco. The company produces architectural coatings including paints, primers, specialty paint products, stains and waterproofing products. The products are sold in the U.S. and Canada through do-it-yourself channels under brands including Behr and Kilz. The firm’s high profile Behr products are sold through The Behr Process Corporation to The Home Depot, the segment’s and the company’s largest company.
“We are pleased with our 2018 results,” Masco’s President and CEO Keith Allman said in the company’s Annual Report. “The macroeconomic fundamentals remain supportive of Masco’s long-term growth. The age of housing stock, demographics, GDP, unemployment rates and consumer confidence point to a favorable repair and remodel market. We believe these fundamentals, combined with our focus on continuous improvement through deployment of our Masco Operating System and talent development initiatives, position Masco for profitable growth and continued value creation for our stakeholders.”
Behr Paint Company’s Premium Quick-Dry Oil-Based Wood Finish, which provides rain-resistant coverage in a unique formula that dries just one hour after application, was a finalist for The Home Depot’s 2018 Innovation Awards.