Q1 2025 Masco Corp Earnings Call Transcript
Key Points
- Masco Corp (MAS) has successfully embedded its operating system throughout the company, significantly expanding operating profit margins.
- The company has achieved compound annual earnings per share growth of more than 12% over the last five years.
- Masco Corp (MAS) introduced several innovative new products and received multiple awards, including the J.D. Powers Customer Service Excellence Award for Delta Faucet.
- The Plumbing segment saw a 1% increase in sales in local currency, driven by higher volumes in the spa and sauna business and favorable pricing.
- Masco Corp (MAS) continues to gain market share in the pro paint category, driven by strong partnerships and product performance.
- The company is facing significant cost increases due to new tariffs on imports from China, particularly affecting the Plumbing segment.
- Masco Corp (MAS) is not providing full-year financial guidance due to uncertainty around tariffs and macroeconomic conditions.
- Sales in the first quarter decreased by 6%, with a notable decline in the Decorative Architectural segment.
- DIY paint sales were down high single digits, reflecting ongoing demand pressure and a dampened macroeconomic environment.
- The company anticipates demand softening as consumers spend more cautiously amidst economic uncertainty.
Good morning, ladies and gentlemen. Welcome to the Masco Corporation first-quarter 2025 conference call. My name is Joelle, and I will be your conference operator for today's call. As a reminder, today's conference is being recorded for replay purposes. (Operator Instructions).
I will now turn the call over to Robin Zondervan, Vice President, Investor Relations and FP&A, you may begin.
Thank you, operator, and good morning, everyone. Welcome to Masco Corporation's 2025 first quarter conference call. With me today are Keith Allman, President and CEO of Masco; and Rick Westenberg, Masco's Vice President and Chief Financial Officer. Our first quarter earnings release and the presentation slides are available on our website under Investor Relations. Following our remarks, we will open the call for analyst questions.
(Event Instructions)
Our statements today will include our views about our future performance, which constitute forward-looking statements. These
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