Form 10-Q · Quarterly report
Masco 10-Q, filed Jul 29, 2026
- Filed
- CIK
- 0000062996
- Accession no.
- 0000062996-26-000027
Summary
Masco reported second-quarter 2026 net sales of $1,992 million, down 3% from a year earlier, and net income of $318 million, up 18%, a result that included a roughly $95 million net benefit from refunds of tariffs that the U.S. Supreme Court ruled unlawful under IEEPA. The company said it continues to face lower market demand, elevated input and employee costs, and tariff-related cost pressure, principally in its Plumbing Products segment, and is pursuing pricing, cost savings, and sourcing changes in response.
Key points
- Diluted income per common share was $1.60 for the quarter, up 25% from $1.28 a year earlier, and $2.64 for the six months, up 23%.
- Gross margin rose to 43.6% from 37.6% in the prior-year quarter, and operating profit rose 14% to $470 million.
- Masco began receiving IEEPA tariff refunds in the second quarter of 2026 and recognized a receivable for refunds not yet paid that it considers probable of collection and reasonably estimable.
- Restructuring actions begun in the fourth quarter of 2025 produced about $20 million in charges in the first six months of 2026, with roughly $50 million expected for the full year, and the Liberty Hardware business was integrated into Delta Faucet and moved into the Plumbing Products segment.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. MANAGEMENT'S DISCUSSION Overview Due to a dynamic geopolitical and macroeconomic environment, we are experiencing, and may continue to experience, lower market demand for our products. We have been experiencing, and may continue to experience, elevated commodity and other input costs, as well as employee-related cost inflation. Additionally, we have been experiencing, and may continue to experience, elevated costs, principally in our Plumbing Products segment, due to tariffs, particularly those related to China. We seek to mitigate the impact of elevated tariffs and other costs over time with pricing, cost savings initiatives, sourcing changes, and other activities. …
An excerpt of the text as filed with the SEC, cut for length.
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