Masco — Oct 29, 2025 release
Fiscal 2025 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000062996-25-000034
Showing in the filing
Rationalization charges
“0.04”
Period
No period stated
Measure
Company-defined measure
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 equity $ 5,311 $ 5,016 As of Septembe
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.