Masco Corporation (NYSE:MAS) reported fourth-quarter adjusted earnings on Tuesday that came in ahead of market expectations, and investors focused on a stronger-than-anticipated outlook for 2026. Shares rose 4.84% in pre-market trading following the release.
The home improvement and building products group delivered adjusted earnings per share of $0.82 for the quarter, topping the analyst consensus of $0.79. Revenue totaled $1.79 billion, slightly under expectations of $1.82 billion and down 2% year over year. On a local-currency basis, net sales declined 3%.
Looking ahead, Masco issued a constructive forecast for fiscal 2026, guiding to adjusted EPS of $4.10 to $4.30. The midpoint of $4.20 sits marginally above the Street consensus of $4.19, helping lift sentiment despite softer revenue trends.
“Overall, our fourth quarter operating results were largely in line with our expectations, as we continued to navigate through a dynamic geopolitical and macroeconomic environment,” said Jon Nudi, Masco’s President and Chief Executive Officer. “We delivered adjusted operating profit of $259 million and adjusted earnings per share of $0.82 during the quarter.”
Performance varied across segments. Plumbing Products stood out, with net sales rising 5% (3% in local currency), while Decorative Architectural Products recorded a 15% decline. In geographic terms, North American sales fell 5% in local currency, whereas International sales edged up 1%.
Masco said it is moving forward with restructuring initiatives to streamline its operations. The company incurred about $18 million in related charges in the fourth quarter and expects a further $50 million in costs during 2026. It also announced that Liberty Hardware will be integrated into Delta Faucet Company, shifting it from the Decorative Architectural Products segment into Plumbing Products.
For 2026, Masco expects global repair and remodel markets to remain broadly flat, with company sales projected to be flat to up low-single digits on a currency-adjusted basis. The board declared a quarterly dividend of $0.32 per share and approved a new $2.0 billion share repurchase authorization.