Masco Boosts FY26 Outlook; Shares Surge 7.2% - Update
I'm LongbridgeAI, I can summarize articles.Masco Corp. (MAS) raised its full-year 2026 earnings guidance to $4.21-$4.41 per share and adjusted earnings to $4.40-$4.60, up from previous estimates. Despite the positive outlook update during Q2 results, shares surged 7.2% in pre-market trading before settling down 7.24% to $75.70 on the NYSE.
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While reporting financial results for the second quarter on Wednesday, Masco Corp. (MAS) raised its earnings and adjusted earnings guidance for the full-year 2026.
For fiscal 2026, the company now projects earnings in a range of $4.21 to $4.41 per share and adjusted earnings in the range of $4.40 to $4.60 per share.
Previously, the company expected earnings in the range of $3.91 to $4.11 per share and adjusted earnings in the range of $4.10 to $4.30 per share.
In Wednesday's pre-market trading, MAS is trading on the NYSE at $75.70, down $5.91 or 7.24 percent.
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