Masco (MAS) Q3 2026 earnings summary

Executive summary

• Q3 net sales were $1,966M, up 3% YoY, or 4% excluding the Bristan divestiture and unfavorable currency; adjusted EPS rose 23% to $1.19.

• Adjusted operating profit increased 13% to $351M; adjusted operating margin expanded 160 bps to 17.9%.

• Results benefited from pricing, cost savings and lower YoY tariff costs; FY26 adjusted EPS and operating-margin guidance increased.

Financial highlights

• Adjusted gross profit was $730M versus $663M; adjusted gross margin rose 250 bps to 37.1%.

• Adjusted net income was $234M versus $204M; adjusted EPS was $1.19 versus $0.97.

• Reported operating profit increased 12% to $338M; attributable net income was $230M versus $189M, and diluted EPS was $1.17 versus $0.90.

• 9M net sales were $5,875M versus $5,769M; operating profit was $1,125M versus $1,001M, and diluted EPS was $3.81 versus $3.06.

• Q3 shareholder returns totaled $322M through dividends and share repurchases.

Outlook and guidance

• FY26 adjusted EPS guidance increased to $4.65-$4.75 from $4.40-$4.60; reported EPS guidance is $4.51-$4.61.

• FY26 sales are expected to grow low single digits; adjusted operating-margin guidance is 18.0%-18.5%, up from ~18%.

• Plumbing Products sales are expected toward the higher end of low-single-digit growth with ~20% margin; Decorative Architectural Products sales are expected roughly flat with ~19.5% margin.

• Outlook includes an estimated ~$85M net tariff-refund benefit; adjusted EPS guidance excludes a $0.05/share Bristan sale gain and adds $0.19/share for rationalization charges.

• Near-term demand is expected to remain challenged, while long-term repair-and-remodel fundamentals are viewed as strong.