Q2 2026 Masco Corp Earnings Call Transcript
Key Points
- Masco Corp (MAS) reported a 17% increase in operating profit to $482 million, with an operating profit margin of 24.2%.
- Earnings per share grew 26% during the quarter to $1.64 per share.
- The company received a net tariff refund benefit of approximately $95 million during the quarter.
- International Plumbing sales increased 4% in local currency, driven by growth in European markets, particularly Germany.
- Masco Corp (MAS) raised its 2026 earnings per share guidance to $4.40 to $4.60, up from the prior range of $4.10 to $4.30.
- Net sales in the second quarter decreased 3%, impacted by a challenging comparison to the prior year and strategic investments.
- North American Plumbing sales decreased 6% in local currency, driven by strategic investments and a challenging comparison to Q2 2025.
- DIY paint sales decreased high single digits due to ongoing challenging industry dynamics.
- The company faced higher employee-related costs, including incentive compensation, impacting SG&A as a percent of sales.
- Commodity inflation expectations for the second half of the year are mid-single digits, posing a cost pressure.
Good morning, ladies and gentlemen. Welcome to Masco Corporation's second-quarter 2026 conference call. My name is Rob, and I will be your operator for today's call. As a reminder, today's conference call is being recorded for replay purposes. (Operator Instructions)
I will now turn the call over to Renee Benedict, Vice President, Investor Relations and Corporate FP&A. You may begin.
Thank you, operator, and good morning, everyone. Welcome to Masco Corporation's 2026 Second Quarter Conference Call. With me today are Jon Moody, President and CEO of Masco; and Rick Westenberg, Masco's Vice President and Chief Financial Officer. Our second quarter earnings release and the presentation slides are available on our website under Investor Relations. Following our remarks, we will open the call for analyst questions. Please limit yourself to one question with one follow-up. If we cannot take your question now, please call me directly at (313) 792-5500.
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