logo
Plus   Neg
Share
Email

Masco Sees FY18 Earnings Above View; Q4 Adj Profit, Sales Rise - Quick Facts

Masco Corp. (MAS) Thursday said it anticipates full-year 2018 earnings in a range of $2.36 to $2.51 per share, and adjusted earnings in the range of $2.48 to $2.63 per share. Analysts project earnings of $2.37 per share for the year.

Fourth-quarter net income attributable to the company declined to $87 million from $98 million a year ago. On a per share basis, earnings were $0.27, down from $0.30 last year.

Adjusted net income was $0.44 per share, compared to $0.33 per share last year. On average, 22 analysts polled by Thomson Reuters expected the company to earn $0.44 per share. Analysts' estimates usually exclude special items.

Net sales for the quarter grew 7 percent to $1.87 billion from $1.76 billion a year ago. Wall Street was looking for $1.85 billion. Sales were up 5 percent in local currency basis.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Amazon.com Inc. said it plans to open a new corporate office in Manchester in 2019 and create more than 1,000 highly-skilled jobs in the UK. As part of the ramp up of its UK investment, Amazon will increase the capacity of its Scotland Development Centre and Cambridge Development Centre. The company's 1,000 new staffers will work on research and development in the UK. Ford will launch its new "Built Ford Proud" U.S. advertising campaign this weekend as the automaker grapples with slowing sales and plans to restructure its operations in order to cut costs. The ad campaign will highlight Ford's 115-year history of manufacturing cars and comes as the automaker intends to replace 75 percent of its U.S. lineup by 2020. The Procter & Gamble Company (PG) reported first-quarter core earnings per share of $1.12, an increase of three percent versus the prior year, as benefits from a lower tax rate due to implementation of the U.S. Tax Act was partially offset by a reduction in operating margin, driven largely by negative...
Follow RTT