Company profile

Keith J. Allman
Fiscal year end
IRS number

MAS stock data



30 Jul 20
3 Aug 20
31 Dec 20


Company financial data Financial data

Quarter (USD) Jun 20 Mar 20 Dec 19 Sep 19
Revenue 1.76B 1.58B 1.64B 1.72B
Net income 234M 538M 463M 138M
Diluted EPS 0.85 1.92 1.59 0.44
Net profit margin 13.27% 34.03% 28.25% 8.04%
Operating income 339M 225M 170M 316M
Net change in cash 322M 70M 222M 150M
Cash on hand 1.09B 767M 697M 475M
Cost of revenue 1.14B 1.03B 523M 1.28B
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 6.71B 6.65B 7.64B 7.36B
Net income 980M 784M 580M 536M
Diluted EPS 3.22 2.37 1.66 1.48
Net profit margin 14.61% 11.78% 7.59% 7.29%
Operating income 1.09B 1.08B 1.03B 1.09B
Net change in cash 145M -642M 204M -478M
Cash on hand 697M 552M 1.19B 990M
Cost of revenue 4.34B 4.33B 3.79B 4.9B

Financial data from Masco earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
14 Jul 20 McDowell Scott E. Common Stock Payment of exercise Dispose F No 51.03 712 36.33K 16,309
23 Jun 20 Lindow John P Common Stock Sell Dispose S Yes 50 1,246 62.3K 22,712
5 Jun 20 Lindow John P Common Stock Sell Dispose S No 49 5,674 278.03K 23,958
3 Jun 20 Lindow John P Common Stock Sell Dispose S No 48 26,211 1.26M 29,632
3 Jun 20 Lindow John P Common Stock Sell Dispose S No 48 8,696 417.41K 55,843
3 Jun 20 Lindow John P Common Stock Option exercise Aquire M No 17.8653 26,211 468.27K 64,539
3 Jun 20 Lindow John P Employee Stock Option Common Stock Option exercise Dispose M No 17.8653 26,211 468.27K 0
13 May 20 Charles K. Stevens III Common Stock Grant Aquire A No 0 3,510 0 11,650
92.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 571 655 -12.8%
Opened positions 57 91 -37.4%
Closed positions 141 67 +110.4%
Increased positions 192 220 -12.7%
Reduced positions 237 255 -7.1%
13F shares
Current Prev Q Change
Total value 121.24B 183.63B -34.0%
Total shares 244.9M 263.08M -6.9%
Total puts 2.95M 3.24M -9.0%
Total calls 1.83M 3.57M -48.6%
Total put/call ratio 1.6 0.9 +76.9%
Largest owners
Shares Value Change
Vanguard 33.36M $1.15B +3.9%
BLK BlackRock 21.12M $730.14M -6.8%
Massachusetts Financial Services 16.38M $566.33M +234.8%
STT State Street 12.55M $433.93M -1.4%
Fiduciary Management 10.61M $366.91M -12.2%
Capital Research Global Investors 10.38M $358.83M -6.0%
NTRS Northern Trust 7.49M $259.04M -0.3%
WFC Wells Fargo & Company 5.25M $181.45M +46.8%
Geode Capital Management 4.43M $152.72M -0.0%
Pictet Asset Management 4.09M $141.33M +14.9%
Largest transactions
Shares Bought/sold Change
Massachusetts Financial Services 16.38M +11.49M +234.8%
Capital World Investors 2.35M -4.74M -66.9%
APG Asset Management 3.81M -3.56M -48.3%
Norges Bank 0 -3.27M EXIT
Citadel Advisors 2.53M +2.41M +1960.1%
Two Sigma Advisers 1.71M -2.05M -54.4%
IVZ Invesco 2.08M -1.97M -48.7%
AMP Ameriprise Financial 2.99M +1.75M +141.7%
Capital International Investors 1.71M +1.71M NEW
WFC Wells Fargo & Company 5.25M +1.67M +46.8%

Financial report summary

  • Our business relies on residential repair and remodeling activity and, to a lesser extent, on new home construction activity, both of which are impacted by a number of economic factors and the housing market.
  • We could lose market share if we do not maintain our strong brands, develop innovative products or respond to changing purchasing practices and consumer preferences or if our reputation is damaged.
  • We face significant competition and operate in an evolving competitive landscape.
  • Our sales are concentrated with two significant customers.
  • Variability in the cost of our raw materials, component parts and finished goods, including the imposition of tariffs could affect our results of operations and financial position.
  • We are dependent on third-party suppliers.
  • There are risks associated with our international operations and global strategies.
  • We may not achieve all of the anticipated benefits of our strategic initiatives.
  • We may not be able to successfully execute our acquisition strategy or integrate businesses that we acquire.
  • The long-term performance of our businesses relies on our ability to attract, develop and retain talented personnel.
  • We rely on information systems and technology, and a breakdown of these systems could adversely affect our results of operations and financial position.
  • Claims and litigation could be costly.
  • Compliance with laws, government regulation and industry standards is costly, and our failure to comply could adversely affect our results of operations and financial position.
  • We may not be able to adequately protect or prevent the unauthorized use of our intellectual property.
  • Restrictive covenants in our credit agreement could limit our financial flexibility.
Management Discussion
  • Net sales were positively impacted by increased net selling prices across our two segments and the acquisition of The L.D. Kichler Co. ("Kichler") in March 2018. Such increases were partially offset by a decrease in volume, primarily in our Decorative Architectural Products segment and unfavorable foreign currency translation.
  • Our Plumbing Products segment was negatively impacted by an increase in other expenses (such as salaries, marketing spend and severance charges), an increase in commodity costs, unfavorable foreign currency translation, and higher depreciation expense. These negative impacts were partially offset by increased net selling prices and the benefits associated with cost savings initiatives. Our Decorative Architectural Products segment was positively impacted by increased net selling prices across the segment, the absence of the recognition of the inventory step-up adjustment established as part of the 2018 Kichler acquisition, and the benefits associated with cost savings initiatives. These positive impacts were partially offset by an increase in commodity costs and lower sales volume across the segment, an increase in strategic growth investments and a non-cash impairment charge related to an other indefinite-lived intangible asset for a trademark associated with lighting products.
  • Our discussion and analysis of our financial condition and results of operations is based upon our consolidated financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"). The preparation of these financial statements requires us to make certain estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of any contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. We regularly review our estimates and assumptions, which are based upon historical experience, as well as current economic conditions and various other factors that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of certain assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates and assumptions.
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