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Masco — Oct 29, 2025 release

Fiscal 2025 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000062996-25-000034
Open on SEC.gov ↗
Showing in the filing
Net income per common share
“$3.84”
Period
No period stated
Measure
GAAP-tied
Source
Guidance table
All guidance in this release · 7
Earnings per share for FY2025
“$3.84 - $3.89 per share”
Adjusted earnings per share for FY2025
“$3.90 to $3.95”
Quarterly dividend for Q4 FY2025
“$0.31 per share”
Net income per common share
“$3.84”
Rationalization charges
“0.04”
Realized losses from private equity funds, net
“0.02”
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 Nine Months Ended September 30, 2025 and 2024 (in millions, except per common share data) Three Months Ended September 30, Nine Months Ended September 30,   2025 2024 2025 2024 Income Per Common Share Reconciliations Income before income taxes, as reported $ 276   $ 248   $ 908   $ 903   Rationalization charges 8  2  12  8  Loss on sale of business (1) —  81  —  81  Realized (gains) losses from private equity funds, net —  (1) 5  (1) Income before income taxes, as adjusted 284   330   925   990   Tax at 24.5% rate (70) (81) (227) (243) Less: Net income attributable to noncontrolling interest 11  13  36  41  Net income, as adjusted $ 204   $ 236   $ 662   $ 706   Net income per common share, as adjusted $ 0.97   $ 1.08   $ 3.14   $ 3.21   Average diluted common shares outstanding 209  218  211  220  (1) Represents the preliminary loss for the three and nine months ended September 30, 2024 from the sale of our Kichler Lighting business. 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 $ 3.84   $ 3.89   Rationalization charges 0.04  0.04  Realized losses from private equity funds, net 0.02  0.02  Net income per common share, as adjusted $ 3.90   $ 3.95   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 September 30, 2025 and December 31, 2024 (dollars in millions) September 30, 2025 December 31, 2024 Balance Sheet     Assets     Current assets:     Cash and cash investments $ 559  $ 634  Receivables 1,181  1,035  Inventories 1,069  938  Prepaid expenses and other 150  123  Total current assets 2,959  2,730  Property and equipment, net 1,181  1,116  Goodwill 622  597  Other intangible assets, net 213  220  Operating lease right-of-use assets 239  231  Other assets 98  123  Total assets $ 5,311  $ 5,016  Liabilities     Current liabilities:     Accounts payable $ 842  $ 789  Notes payable 2  3  Accrued liabilities 732  767  Total current liabilities 1,576  1,560  Long-term debt 2,945  2,945  Noncurrent operating lease liabilities 226  223  Other liabilities 396  342  Total liabilities 5,143  5,069  Equity 168  (53) Total liabilities and
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.