Masco Corporation Reports Decline in Net Sales and Profitability for Q2 and First Half of 2025

Masco Corporation reported its financial results for the second quarter and first half of 2025, revealing a decline in net sales and profitability compared to the same periods in 2024. For the three months ended June 30, 2025, net sales totaled $2,051 million, a decrease of 2% from $2,091 million in the prior year. The six-month figures also reflected a decline, with sales of $3,852 million, down 4% from $4,017 million. The company attributed the decrease primarily to lower sales volumes in its Decorative Architectural Products segment, which was partially offset by increased selling prices in its Plumbing Products segment.

In terms of profitability, Masco's net income for the second quarter rose to $270 million, a 5% increase from $258 million in the same quarter of 2024. However, for the first half of 2025, net income decreased to $456 million, down from $473 million in the previous year. The company reported an operating profit of $412 million for the second quarter, up 4% from $397 million, while the first half saw a slight decline in operating profit to $698 million from $715 million. The increase in operating profit for the second quarter was attributed to lower selling, general, and administrative expenses, which decreased by 7% year-over-year.

Masco's balance sheet showed total assets of $5,288 million as of June 30, 2025, an increase from $5,016 million at the end of 2024. Current assets rose to $2,925 million, driven by higher receivables and inventories. The company’s liabilities also increased slightly, with total liabilities at $5,138 million, up from $5,069 million. Notably, Masco's cash and cash investments decreased to $390 million from $634 million, reflecting ongoing investments and share repurchase activities.

The company continues to focus on strategic initiatives, including share repurchases and cost-saving measures. During the first half of 2025, Masco repurchased approximately 3.4 million shares for about $233 million. The company has approximately $666 million remaining under its share repurchase authorization. Looking ahead, Masco anticipates challenges from changing market conditions, including elevated commodity costs and potential impacts from tariffs, particularly in its Plumbing Products segment. However, the company remains confident in its long-term strategy and operational fundamentals, emphasizing its commitment to innovation and customer service to drive future growth.