Boston, MA 10\/30\/2013 (wallstreetpr) –\u00a0Masco Corporation (NYSE:MAS)<\/b> beat analysts expectations in reporting improved earnings on strong revenue for Q3.13. The company\u2019s adjusted earning was $0.27 a share, exceeding analysts\u2019 $0.25 a share estimate by 8%. It also exceeded it\u2019s a year ago earnings of $0.14 a share by astounding 92.9%.<\/p>\n
This encouraging earnings figure is attributed to Masco\u2019s strong revenue and margins during the just reported quarter. The company\u2019s net revenue rose by 12.4% over a year ago to $2.15 billion. This revenue surpassed analysts\u2019 expectation of $2.10 billion by 2.4%. The company\u2019s international revenue increased 9% to $394 million year over year. However, improvement in the Eurozone appeared slow. Its North America sales rose 13% to $1.76 billion year over year due to improvement in new home construction activities.<\/p>\n
Masco\u2019s high figures in the quarter were due to robust increase in all its operational segments. Masco has five revenue earners which include Decorative Architectural Products, Plumbing Products, Cabinets and Related Products, Installation and Other Services and Other Specialty Products.<\/p>\n
As per the company\u2019s business segments, Cabinets and Related Products went up 15% to $262 million on year over year basis. The Installation and Other Services business earned $370 million indicating 19% growth year over year. Plumbing Products grew 11% year over year to earn $820 million. The Decorative Architectural Products increased 9% to $522 year over year. And Other Specialty Products earned $176 million following 13% growth year over year.<\/p>\n
Masco expects to bolster its future earnings through strengthening of its under performing segments, cost reduction, product innovation and introduction as well as brand leverage. However, the company is bracing itself for a slow Europe market which it expects to continue. In the just reported quarter, Masco realized gross profit of $613 million, indicating 17.4% increase. Its gross margins also grew 120 bps to 28.5% year over year. The adjusted operating profit went up 50% to $222 million from a year earlier. The adjusted operating margin also grew by 260 bps to 10.3%.<\/p>\n
In financials, Masco completed Q3.13 with cash and cash equivalent of $1.01 billion, against $1.22 billion in Q2.13.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 10\/30\/2013 (wallstreetpr) –\u00a0Masco Corporation (NYSE:MAS) beat analysts expectations in reporting improved earnings on strong revenue for Q3.13. The company\u2019s adjusted earning was $0.27 […]<\/p>\n","protected":false},"author":2,"featured_media":11832,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[3918,3916,3917],"stock_ticker":[],"class_list":["post-11831","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-mas","tag-masco-corporation-nysemas","tag-nysemas","entry"],"acf":[],"yoast_head":"\n