Content about Masco

July 30, 2014

Stock Building Supply (STCK) and Masco (MAS) jumped substantially after the release of their second-quarter earnings reports Tuesday, while Plum Creek (PCL) fell.

July 29, 2014

Taylor, Michigan-based Masco announced that adjusted operating profit grew by 21% in its second quarter.

Net sales from continuing operations rose 5% to $2.3 billion, up from $2.1 billion for the second quarter of 2013.  North American sales increased 4%, and international sales increased 9% in U.S. dollars.

April 28, 2014

Friday was hardly payday for the stock market at large, which took a turn for the worse across the board. Leading the charge was Masco (MAS), which dropped 7.44%.

April 16, 2014

HCN's Top 30 were unanimously up at Wednesday's close, with Masco (MAS), Sears Hometown (SHOS), Stock Building Supply (STCK), Trex (TREX) and USG (USG) enjoying an especially strong headwind.

March 4, 2014

Hardware Resources and Top Knobs hired Grant Lauterbach as VP of sales. Lauterbach has held several leadership positions during his three-decade career, including over 20 years with Masco Cabinetry and additional tenure with other cabinet makers.

"Grant is known in the industry as a results-focused executive leader," states Greg Gottlieb, president at Hardware Resources and Top Knobs. "We brought Grant on board to help take our two sales forces for Hardware Resources and Top Knobs to the next level in exceeding the expectations of our customers."

January 20, 2014

Stocks were lagging somewhat heavily on Friday, with Masco (MAS) taking the biggest dip at 4.25%.

December 16, 2013

Masco's Pender & Pettus Insulating has opened a new location in Statesville, N.C., marking the third location for the company in the state.

November 21, 2013

HCN Top 30 stocks received a near-unilateral boost on Thursday, with Masco (MAS) up 3.38%.

October 23, 2013

Masco (MAS) was among many stocks buoyed by the upsurge on Tuesday, posting gains of 4.11%.

October 9, 2013

Stocks were on the decline by and large on Tuesday, with Masco (MAS) down 5.27%.

September 23, 2013

The City of Hope is honoring Karen Mendelsohn as its 2014 Spirit of Life honoree.

Mendelsohn is VP and chief marketing and strategy officer at home improvement giant Masco.

City of Hope is a California-based treatment and research facility dedicated to finding cures and new treatments for cancer, diabetes and other life-threatening diseases.

August 1, 2013

Masco posted a strong second quarter, reporting a sales increase of 10% to $2.1 billion, compared with $1.9 billion in the second quarter of 2012. North American sales increased 11%.

Income from continuing operations was $0.23 per common share compared with a loss of $0.15 per common share in the second quarter of 2012. 

July 2, 2013

Stocks closed in mostly positive form Monday, with BlueLinx, Masco and Orchard showing the biggest growth.

August 29, 2012

The mixing of paint and primer together, in the same can, has swept through the coatings industry like no other innovation. Almost every manufacturer and retailer has added a version of this product to its assortment, although some have done so reluctantly. Within the paint industry, many dismiss paint-and-primer combos as a marketing ploy that raises the price of a gallon of paint. Others say it can save time and money and has a rightful place as a consumer option.

July 31, 2012

Home products manufacturer Masco Corp. reported net sales of $2.0 billion for its second fiscal quarter, flat compared with $1.99 billion in the same quarter the year before. North American sales increased 3% and international sales decreased 9%, the company reported. In local currencies, international sales were flat compared with the second quarter of 2011.

Net loss for the company for the second quarter, which ended June 30, was $75 million, compared with $8 million in profit during the second quarter of 2011.

July 27, 2012

Masco Corp., which was scheduled to go to trial on July 23 in a class-action suit filed by insulation installers, has decided to settle the case for $75 million, according to a July 26 filing with the Securities and Exchange Commission (SEC). The Taylor, Mich., firm, one of the nation’s largest installers of insulation, issued the following statement in its filing: 

June 18, 2012

Home products manufacturer Masco Corp. has promoted Jai Shah as its new VP human resources, replacing the retiring Charles Greenwood, according to a June 12 filing with the Securities and Exchange Commission (SEC).

Shah, 46, joined Masco in 2003 and most recently served as the company’s VP finance, retail/wholesale platform.

Greenwood will continue with Masco until 2013 to help ensure a smooth transition, the announcement said.

June 1, 2012

Something is wrong on Wall Street.

The whole financial community is aflutter over Facebook shares, which stumbled out of the blocks as a publicly traded company last month.

But that’s not the problem. The problem is that the company’s market capitalization is completely out of whack with acceptable notions of corporate significance and meaningful contributions to society. The value of Facebook shares multiplied by the number of those shares is — at last tally — an amazing $87.33 billion.

June 1, 2012

Something is wrong on Wall Street.

The whole financial community is aflutter over Facebook shares, which stumbled out of the blocks as a publicly traded company last month.

But that’s not the problem. The problem is that the company’s market capitalization is completely out of whack with acceptable notions of corporate significance and meaningful contributions to society. The value of Facebook shares multiplied by the number of those shares is — at last tally — an amazing $87.33 billion.

May 11, 2012

The other day, an HCN editor received an email from Cambridge -- the one in England. A senior analyst and Ph.D. was asking for an example of an adhesive, paint or sealant product that has “transformed the market.”

Two thoughts came to mind.

May 4, 2012

Masco Corp. has reported net sales of $1.87 billion for its first fiscal quarter, an increase of 7% over sales of $1.75 billion in the first quarter of 2011.

North American sales increased 9% and international sales increased 1%. In local currencies, international sales increased 5% compared with the first quarter of 2011.

Net income for the quarter, which ended March 31, was $33 million, compared with a net loss of $46 million a year ago.

March 2, 2012

Orlando, Fla. — Most attendees just made passing mention to the thinner crowds and smaller booths this year at the International Builders’ Show. It’s like commenting on how cold it is when there’s snow falling from the sky. Regular exhibitors that opted out from the show were Home Depot, Masco, Andersen Windows, Atrium and Weather Shield.

February 14, 2012

Masco Corp. reported net sales of $7.46 billion for fiscal 2011, relatively flat compared with sales of $7.48 billion in 2010. North American sales decreased 3% and international sales increased 8% compared with 2010, the company said. In local currencies, international sales increased 3% compared with 2010.

The Taylor, Mich., corporation posted a net loss of $575 million for its 2011 fiscal year, compared with $1.04 billion during fiscal 2010.

January 9, 2012

BrassCraft Manufacturing, a division of Masco, has promoted George Werner to the position of VP retail sales. In this position, Werner will direct retail sales strategies and initiatives in support of BrassCraft Manufacturing's business goals and sales targets. In addition to all retail sales, with the exception of The Home Depot, Werner's responsibilities include the retail and wholesale segments of business for BrassCraft service parts and Cobra products.

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