Masco Corporation Reports Q2 2026 Results

Masco Corporation reported its second quarter 2026 results.

“We have executed well in the first half of the year,” said Masco’s President and CEO, Jon Nudi. “While the macroeconomic and geopolitical environments remain volatile, our teams remained focused on leveraging our industry leading brands, expanding our commercial capabilities and enhancing operational excellence to deliver strong year to date results. Second quarter sales results reflect a challenging comparison to the prior year as well as targeted strategic investments to support growth. In the quarter we also recognized a net benefit of approximately $95 million from IEEPA tariff refunds, which helped to drive adjusted operating profit growth of 17% and adjusted earnings per share growth of 26%. We also returned $454 million to shareholders through dividends and share repurchases, reflecting our continued commitment to a disciplined capital allocation strategy.”

2026 Second Quarter Results

On a reported basis, compared to the second quarter of 2025:

• Net sales decreased 3% to $1,992 million; currency had a minimal impact
• Plumbing Products’ net sales decreased 3%
• Decorative Architectural Products’ net sales decreased 4%
• In local currency, North American sales decreased 5%, 
• Also in local currency, International sales increased 4%
• Gross margin increased 600 basis points to 43.6% from 37.6 percent
• Operating profit increased 14% to $470 million from $412 million
• Operating margin increased 350 basis points to 23.6% from 20.1 percent
• Net income per common share increased 25% to $1.60, compared to $1.28

“While our underlying performance remains largely in line with our prior outlook, the anticipated full year net benefit from IEEPA tariff refunds of approximately $85 million has led us to increase our 2026 adjusted earnings per share guidance. We now expect adjusted earnings per share to be in the range of $4.40 to $4.60, compared to our previous guidance range of $4.10 to $4.30 per share,” continued Nudi. “Looking ahead, I am confident in our ability to navigate this dynamic market environment and execute our strategy to deliver above-market growth and continue creating long-term shareholder value.”