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AI Takeaway
In 2026-Q2, Masco Corporation's net sales decreased 3% year-over-year to $1,992M due to lower North America sales volume, but net income increased 18% to $318M, substantially boosted by $95M in net IEEPA tariff refunds.
Masco Corporation reported 2026-Q2 net sales of $1,992M (-3% YoY) and net income of $318M (+18% YoY), significantly supported by $95M in net IEEPA tariff refunds.
Last 4 quarters: 3 beats, 1 miss
Net sales for 2026-Q2 fell 3% year-over-year to $1,992M ($1,982M excluding currency translation). Lower North American sales volume reduced net sales by 5%, which was partially offset by a 1% increase from higher net selling prices and a 1% increase from higher International sales volume.
Source: 10-Q Item 2 MD&A, p.17
Gross profit for 2026-Q2 grew 12% year-over-year to $868M, expanding gross margin by 600 basis points to 43.6%. Profitability benefited from lower tariff costs, including approximately $95M in net tariff benefits from IEEPA refunds following a U.S. Supreme Court ruling declaring IEEPA tariffs unlawful.
Source: 10-Q Item 2 MD&A, p.17-18
Plumbing Products sales declined 3% to $1,337M in 2026-Q2, but segment operating profit jumped 24% to $352M due to IEEPA tariff refunds and pricing. Decorative Architectural Products sales fell 4% to $655M with flat operating profit of $147M, as pricing gains were offset by lower volumes and commodity inflation.
Source: 10-Q Item 2 MD&A, p.19
Masco incurred $12M in restructuring charges during 2026-Q2 ($20M in the first six months) under a program expected to total $50M in 2026. Additionally, Liberty Hardware was integrated into Delta Faucet within the Plumbing Products segment, with prior-period segment results reclassified accordingly.
Source: 10-Q Item 2 MD&A, p.16
In 2026-Q2, Masco entered into a new $1.0B credit agreement maturing in 2031 and drew $300M from a new $500M term loan to fund share repurchases. The company repurchased $596M of stock in 6M 2026 and expects total 2026 share buybacks to reach approximately $1.0B.
Source: 10-Q Item 2 MD&A, p.21-22
Dynamic geopolitical and macroeconomic conditions are causing lower market demand for Masco's products. Further erosion of consumer confidence and rising consumer goods prices could further depress demand for home improvement products.
Source: 10-Q Item 2 MD&A, p.16
The company continues to experience elevated commodity and input costs, employee-related cost inflation, and tariff uncertainties, particularly related to China. Inability to fully offset these costs through pricing, sourcing changes, or cost savings could compress future profit margins.
Source: 10-Q Item 2 MD&A, p.16
North American sales volume contracted by 5% in 2026-Q2, indicating ongoing volume softness in primary markets. Persistent headwinds in residential repair and remodel activity could impair long-term top-line growth.
Source: 10-Q Item 2 MD&A, p.17
This analysis does not extract a guidance section. Companies issue revenue and EPS outlook in the 8-K press release and on the earnings call rather than in the 10-Q itself — though the filing's management discussion can contain forward-looking statements, which appear in the highlights above where they were material.
Masco (MAS) is next expected to report on , when the following quarter's results and any updated outlook will be available.
See the MAS earnings preview — expected date, analyst estimates and what to watch →
In 2026-Q2, Masco reported net sales of $1,992M (down 3% YoY) due to lower North American sales volume. However, net income increased 18% to $318M ($1.60 diluted EPS), substantially boosted by $95M in net IEEPA tariff refunds.
Following a U.S. Supreme Court ruling declaring IEEPA tariffs unlawful, Masco recognized approximately $95M in net tariff benefits in 2026-Q2, primarily within Plumbing Products. This benefit expanded gross margin by 600 basis points to 43.6% and operating margin by 350 basis points to 23.6%.
In 6M 2026, Masco repurchased $596M of common stock under its $2.0B authorization, including a $300M accelerated share repurchase agreement. Management plans to spend approximately $1.0B on total share buybacks during full-year 2026.
Masco (MAS) is next expected to report earnings on Oct 27, 2026. The date comes from the analyst earnings calendar and can shift until the company confirms it.
Expected release date, analyst estimates & what to watch
Masco Corporation (MAS) delivered solid Q1 2026 results with revenue up 6.5% YoY to $1.92B, net income surging 14.5% to $213M, and EPS jumping 20.7% to $1.05, though operating cash flow remained negative at -$79M amid aggressive share buybacks of $202M.
Masco Corporation (MAS) reported FY2025 revenue of $7.56B, down 3.4% year-over-year, with net income declining modestly to $810M, though EPS rose 2.7% to $3.87 on the back of continued share buybacks, while the company maintained solid operating cash flow of $1.02B despite margin compression.
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