Masco Corporation reported a 3% drop in net sales for Q3 2025, totalling $1.92 billion (£1.45bn), down from $1.98 billion (£1.50bn) a year earlier. On a local currency basis, and excluding divestitures, sales fell 2%. The Michigan-based group, which owns brands such as Hansgrohe and Bristan, saw mixed performance across its divisions, with Plumbing Products rising 2% while Decorative Architectural Products declined 12% (6% in local currency, excluding divestitures).
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Operating profit decreased 15% to $303 million (£229m), with an operating margin of 15.8%, down 220 basis points. Adjusted operating profit was $312 million (£236m) with a 16.3% margin, down 190 basis points year-on-year. Gross margin dropped from 36.6% to 34.2%, while adjusted earnings per share fell 10% to $0.97. Reported earnings per share increased to $0.90 from $0.77 in Q3 2024.
Masco continued its share buyback programme, repurchasing 1.8 million shares for $124 million (£94m). CEO Jon Nudi emphasised the company's focus on "long-term success," citing strong brands, innovation, and customer service as key factors for maintaining shareholder value despite challenging macroeconomic conditions.
Source: www.kbbreview.com
