Masco — Oct 29, 2024 release

to 18.2 percent • Earnings per share was $0.77 per share; adjusted earnings per share grew 8 percent to $1.08 per share • Repurchased 2.5 million shares for $192 million • Expect 2024 earnings per share in the range of $3.74 - $3.84 per share, and on an adjusted basis, $4.05 - $4.15 per share LIVONIA, Mich. (October 29, 2024) - Masco Corporation (NYSE: MAS), one of the world’s leading manufacturers of branded home improvement and building products, reported its third quarter 2024 results. 2024 Third Quarter Results • On a reported basis, compared to third quarter 2023: • Net sales were in line with prior year at $1,983 million; in local currency net sales increased 1 percent ◦ Plumbing Products’ net sales increased 2 percent; in local currency and excluding acquisitions, net sales increased 1 percent ◦ Decorative Architectural Products’ net sales decreased 3 percent; in local currency and excluding divestitures, net sales decreased 1 percent ◦ In local currency, North American sales were in line with prior year and International sales increased 3 percent • Gross margin decreased 100 basis points to 36.6 percent from 37.6 percent • Operating profit decreased 7 percent to $357 million from $383 million • Operating margin decreased 140 basis points to 18.0 percent from 19.4 percent • Net income decreased to $0.77 per share, compared to $1.10 per share • Compared to third quarter 2023, results for key financial measures, a