Home improvement firm Masco beats quarterly sales estimates on improving demand

Masco

22/04/2026 13:03

April 22 (Reuters) - Masco MAS.N beat Wall Street estimates for first-quarter sales on Wednesday, helped by improving demand for its small-ticket building materials.

Demand for do-it-yourself and smaller renovation projects remained resilient, as consumers stretched budgets for essential categories such as plumbing and paint, boosting store traffic.

Shares of the Livonia, Michigan-based company, which sells showerheads, kitchen accessories and home decor products,  rose 9% in premarket trading after it reaffirmed its 2026 adjusted profit forecast of $4.10 to $4.30 per share.

Masco posted sales of $1.92 billion in the first quarter, above estimates of $1.84 billion, according to data compiled by LSEG.

It earned quarterly adjusted profit of $1.04 per share, topping estimates of 88 cents.

Sales at its plumbing products segment, a major revenue contributor, rose 9% from a year ago.

The company has rolled out multiple price hikes and implemented cost-reduction measures over the past quarters to offset higher commodity rates and tariff costs.

Masco said in February it expects about $50 million in additional charges in 2026 tied to restructuring actions, including headcount reductions and efforts to streamline operations.

It estimated the annualized cost impact from tariffs at about $200 million before it introduced measures to mitigate the impact.

The company, whose overseas manufacturing facilities are largely based in China and Europe, previously said it had reduced its China exposure by about 45% since 2018, though tariffs continue to affect sourcing of key materials such as copper and brass.

 (Reporting by Sanskriti Shekhar in Bengaluru; Editing by Diti Pujara)

 ((Sanskriti.Shekhar@thomsonreuters.com))