Form 10-Q · Quarterly report
Masco 10-Q, filed Oct 28, 2026
- Filed
- CIK
- 0000062996
- Accession no.
- 0000062996-26-000033
Summary
Masco reported third-quarter 2026 net sales of $1,966 million, up 3%, with net income of $230 million, or $1.17 per diluted share. Masco said it began receiving refunds in the second quarter of 2026 after the U.S. Supreme Court ruled tariffs imposed under IEEPA unlawful and the U.S. Court of International Trade ordered refunds, and it recognized a receivable for probable refunds.
Key points
- Third-quarter 2026 net sales rose 3% to $1,966 million, operating profit rose 12% to $338 million, and net income rose 22% to $230 million.
- For the first nine months of 2026, Masco reported net sales of $5,875 million, net income of $761 million, and diluted earnings per share of $3.81, including an approximately $90 million net tariff benefit from IEEPA tariff refunds.
- Masco incurred approximately $13 million and $33 million in restructuring charges in the three and nine months ended September 30, 2026, and expects approximately $50 million in full-year 2026 charges.
- Masco integrated Liberty Hardware into Delta Faucet in the first quarter of 2026, moving Liberty into the Plumbing Products segment; it also recorded a $13 million gain on the sale of Bristan Group.
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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