Masco Corporation (NYSE:MAS ) Q3 2024 Earnings Conference Call October 29, 2024 8:00 AM ET Company Participants Keith Allman - President, Chief Executive Officer Rick Westenberg - Vice President, Chief Financial Officer Robin Zondervan - Vice President, Investor Relations, FP&A of Masco Corp Conference Call Participants Susan Maklari - Goldman Sachs Andrew Azzi - JPMorgan Aatish Shah - Evercore ISI Trevor Allinson - Wolfe Research Spencer Kaufman - UBS Matthew Bouley - Barclays Phil Ng - Jefferies Keith Hughes - Truist Garik Shmois - Loop Capital Operator Good morning ladies and gentlemen. Welcome to Masco Corporation's Third Quarter 2024 Conference Call.
Although the revenue and EPS for Masco (MAS) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Masco (MAS) came out with quarterly earnings of $1.08 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1 per share a year ago.
MAS' third-quarter 2024 results are likely to reflect increased contributions from the Plumbing Products segment and benefits from cost-saving initiatives.
MAS operational efficiency, investment in new products and inorganic drive position it for long-term growth and investor returns.
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MAS' divestiture of Kichler Lighting focuses on core strengths, boosting the stock's potential.
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Masco's (MAS) second-quarter 2024 results benefit from operational improvements.