EarningsQ2 2026 Earnings Report
MX:MAS Q2 2026 EPS Results
Actual EPS$29.08
Consensus EPS$23.43
Beat/MissBeat by +$5.66
One Year Ago EPS$23.05
MX:MAS Q2 2026 Revenue Results
Actual Revenue$35.32B
Expected Revenue$36.93B
Beat/MissMissed by -$1.61B
YoY Revenue Growth-2.88%
Earnings Announcement Details
QuarterQ2 2026
Date07/29/2026
TimeBefore Open
Conference CallWednesday, July 29, 2026
MX:MAS Upcoming Earnings
Masco's next earnings date is estimated for October 28, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:MAS Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented several material positives — strong operating profit and margin expansion, double-digit EPS growth, an opportunistic tariff refund that supported results, upgraded EPS guidance, robust shareholder returns and solid liquidity. Offsetting this were modest top-line declines, notable weakness in DIY paint, elevated working capital and continued commodity and tariff-related cost pressures. Management emphasized that some Q2 weakness was driven by targeted, one-time strategic investments intended to support longer-term growth and that underlying trends (excluding those investments) showed low single-digit sales growth. Overall, the operational and financial improvements, guidance raise, and capital returns suggest a constructive tone despite near-term headwinds and market uncertainty.Company Guidance
Strong Operating Profit and Margin Expansion
Operating profit increased 17% to $482 million in Q2 with operating margin expanding to 24.2%, driven by the net tariff refund benefit, pricing actions and cost savings.
Significant EPS Growth and Raised Full-Year EPS Guidance
Earnings per share grew 26% in the quarter to $1.64. Full-year 2026 EPS guidance was raised to $4.40–$4.60 from $4.10–$4.30.
Plumbing Segment Outperformance
Plumbing Products operating profit grew 26% to $361 million and operating margin expanded to 27%. International plumbing sales increased 4% in local currency, driven by strong European performance (notably Germany).
Tariff Refund Benefit Recognized
Masco recorded a net IEEPA tariff refund benefit of approximately $95 million in Q2 and estimates an $85 million net benefit for the full year, which materially supported Q2 results and guidance.
Decorative Architectural Profitability and PRO Paint Strength
Decorative Architectural operating profit was $148 million and operating margin was 22.6%, in line with the prior year. PRO paint sales grew mid-single digits, continuing positive momentum in the PRO channel.
Robust Capital Allocation and Shareholder Returns
Returned $454 million to shareholders in the quarter via dividends and share repurchases (including $390 million repurchased in Q2). Company increased expected 2026 deployment toward buybacks/acquisitions to approximately $1 billion (from $800 million).
Strong Balance Sheet and Liquidity
Gross debt-to-EBITDA was 2.1x at quarter end. Masco finished the quarter with $1.5 billion of liquidity (cash plus revolver availability).
Underlying Sales Momentum Outside Near-Term Noise
Management stated that excluding the impact of targeted strategic investments, Q2 net sales would be roughly in line with prior year and first-half sales would be up low single digits; full-year sales still expected up low single digits.
MX:MAS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed