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Masco — Jul 31, 2025 release

Fiscal 2025 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000062996-25-000028
Open on SEC.gov ↗
Showing in the filing
Net income per common share, as adjusted
“$ 3.90” – “$ 4.10”
Period
FY2025
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 10
Earnings per share for FY2025
“$3.87 - $4.07 per share”
Sales for FY2025
“generally in line with the prior year”
Adjusted earnings per share for FY2025
“$3.90 to $4.10”
Quarterly dividend for FY2025
“$0.31 per share”
Net income per common share for FY2025
“$ 3.87” – “$ 4.07”
Net income per common share
“$3.87”
Rationalization charges
“0.01”
Realized losses from private equity funds, net
“0.02”
Net income per common share, as adjusted for FY2025
“$ 3.90” – “$ 4.10”
Net income per common share, as adjusted
“$3.90”
Exhibit 99.1 · the passage around this item
… earlier in the release
4 MASCO CORPORATION Exhibit A: Reconciliations - Unaudited For the Three and Six Months Ended June 30, 2025 and 2024 (in millions, except per common share data) Three Months Ended June 30, Six Months Ended June 30,   2025 2024 2025 2024 Income Per Common Share Reconciliations Income before income taxes, as reported $ 378   $ 366   $ 632   $ 655   Rationalization charges 2  2  4  6  Realized losses from private equity funds, net —  —  5  —  Income before income taxes, as adjusted 380   368   640   660   Tax at 24.5% rate (93) (90) (157) (162) Less: Net income attributable to noncontrolling interest 13  14  25  28  Net income, as adjusted $ 274   $ 264   $ 458   $ 470   Net income per common share, as adjusted $ 1.30   $ 1.20   $ 2.16   $ 2.13   Average diluted common shares outstanding 211  220  212  221  Outlook for the Year Ended December 31, 2025 Year Ended December 31, 2025 Low End High End Income Per Common Share Reconciliation Net income per common share $ 3.87   $ 4.07   Rationalization charges 0.01  0.01  Realized losses from private equity funds, net 0.02  0.02  Net income per common share, as adjusted $ 3.90   $ 4.10   Historical information is available on our website. Amounts may not add due to rounding. 5 MASCO CORPORATION Condensed Consolidated Balance Sheets and Other Financial Data - Unaudited June 30, 2025 and December 31, 2024 (dollars in millions) June 30, 2025 December 31, 2024 Balance Sheet     Assets     Current assets:     Cash and cash investments $ 390  $ 634  Receivables 1,318  1,035  Inventories 1,097  938  Prepaid expenses and other 119  123  Total current assets 2,925  2,730  Property and equipment, net 1,174  1,116  Goodwill 621  597  Other intangible assets, net 219  220  Operating lease right-of-use assets 244  231  Other assets 106  123  Total assets $ 5,288  $ 5,016  Liabilities     Current liabilities:     Accounts payable $ 871  $ 789  Notes payable 48  3  Accrued liabilities 690  767  Total current liabilities 1,609  1,560  Long-term debt 2,945  2,945  Noncurrent operating lease liabilities 231  223  Other liabilities 352  342  Total liabilities 5,138  5,069  Equity 150  (53) Total liabilities and equity $ 5,288  $ 5,016    As of June 30, 2025 2024 Other Financial Data     Working capital days     Receivable days 55  54  Inventory days 87  82  Payable days 6
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.