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Masco — Apr 22, 2026 release

Fiscal 2026 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000062996-26-000013
Open on SEC.gov ↗
Showing in the filing
Rationalization charges
“0.19”
Period
No period stated
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 7
Earnings per share for FY2026
“$3.91 - $4.11 per share”
Net income per common share for FY2026
“$3.91 - $4.11”
Adjusted earnings per share for FY2026
“$4.10 - $4.30 per share”
Net income per common share, as adjusted for FY2026
“$4.10 - $4.30”
Net income per common share
“$3.91”
Rationalization charges
“0.19”
Net income per common share, as adjusted
“$4.10”
Exhibit 99.1 · the passage around this item
… earlier in the release
4 MASCO CORPORATION Exhibit A: Reconciliations - Unaudited For the Three Months Ended March 31, 2026 and 2025 (in millions, except per common share data) Three Months Ended March 31,   2026 2025 Income Per Common Share Reconciliations Income before income taxes, as reported $ 291   $ 254   Rationalization charges 8  2  Realized losses from private equity funds, net —  5  Income before income taxes, as adjusted 300   261   Tax at 24.5% rate (73) (64) Less: Net income attributable to noncontrolling interest 15  12  Net income, as adjusted $ 211   $ 184   Net income per common share, as adjusted $ 1.04   $ 0.87   Average diluted common shares outstanding 204  213  Outlook for the Year Ended December 31, 2026 Year Ended December 31, 2026 Low End High End Income Per Common Share Reconciliation Net income per common share $ 3.91   $ 4.11   Rationalization charges 0.19  0.19  Net income per common share, as adjusted $ 4.10   $ 4.30   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 March 31, 2026 and December 31, 2025 (dollars in millions) March 31, 2026 December 31, 2025 Balance Sheet     Assets     Current assets:     Cash and cash investments $ 388  $ 647  Receivables 1,320  1,028  Inventories 1,068  1,046  Prepaid expenses and other 119  119  Total current assets 2,895  2,840  Property and equipment, net 1,183  1,195  Goodwill 618  623  Other intangible assets, net 198  205  Operating lease right-of-use assets 238  233  Other assets 100  105  Total assets $ 5,233  $ 5,201  Liabilities     Current liabilities:     Accounts payable $ 894  $ 810  Notes payable 129  2  Accrued liabilities 630  761  Total current liabilities 1,653  1,573  Long-term debt 2,945  2,945  Noncurrent operating lease liabilities 228  221  Other liabilities 380  387  Total liabilities 5,205  5,125  Equity 27  76  Total liabilities and equity $ 5,233  $ 5,201    As of March 31, 2026 2025 Other Financial Data     Working capital days     Re
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.