| 2019-04-25 07:15:26|
MAS 07:15 04/25 04/25/19
Masco reports Q1 adjusted EPS 44c, consensus 48c
Reports Q1 revenue $1.9B, consensus $1.99B. "We experienced a challenging start to 2019, which resulted in reduced sales and operating profits for the first quarter," said CEO Keith Allman. "While we anticipated many of the factors that led to our results, our performance was also impacted by inventory rebalancing by certain customers and softness in some of our end markets. We continued to focus on creating shareholder value and returned $157M to shareholders through share repurchases and dividends during the quarter."