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Masco's Net Income Shrinks 58% in 3Q

Masco Corp., the conglomerate that includes Delta faucets, Behr paints, and Kraftmaid cabinetry, reported its net income shrank 58% in the third quarter from the year-earlier period to total $15 million. Sales were virtually unchanged at $1.98 billion. Sales in the U.S. rose 4% but international sales fell 12%. More

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Top-Line Gains Don't Translate Into Profits for Masco

A $75 million settlement puts an otherwise stable quarter into the red for the Taylor, Mich.-based building products manufacturer and insulation supplier. More

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Masco Pays $75M to Settle Price-Fixing Lawsuit

The company announced July 26 that it will pay $75 million to settle a class-action lawsuit filed in 2006 alleging that it collaborated with five insulation manufacturers to fix prices on fiberglass insulation. More

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Masco Swings to 1Q Profit; Sales Rise 7%

Masco Corp. reported today it had swung to a $33 million net profit attributable to its operations in this year's first quarter from a $46 million loss in the year-earlier period on a 7% rise in sales to $1.88 billion. More

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Building Material Manufacturers in the News -- April 2012

Featuring: Advanced Environmental Recycling Technologies, Atlas, Atrium CertainTeed, Bonsal American, Boral, Dow Building Solutions, Epicor, Fomo Products, Leviton, MaxLite, National Nail Corp., Oldcastle, TOTO, TXI, Villeroy & Boch More

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Masco Nearly Halves 4Q Operating Loss, Remains Deep in Red

Masco Corp. cut its fourth-quarter net loss by almost 50% from the year earlier period, reporting a loss of $573 million. Net sales increased 1% to $1.74 billion for the period ended Dec. 31. For the year, Masco revealed a net loss of $575 million, up from the $1.04 billion net loss reported for 2010. More

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Masco Promotes Allman to Group President

Masco Corp., the manufacturer of brands such as KraftMaid cabinets, Delta faucets, and Milgard windows and doors, promoted Keith Allman to group president. He will oversee the Brasstech, Delta, Hansgrohe, Liberty Hardware, Masco Bath, Masco Canada, and Mirolin Industries divisions of the Taylor, Mich.-based company. More

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Masco's COO Leaves

Masco Corp., the Taylor, Mich.-based company whose brands include Delta faucets, Behr paints, and Kraftmaid cabinetry, reported today executive vice resident and COO Donald J. DeMarie Jr. had left the company effective Nov. 4. More

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Masco's N. American Sales, Profits Steady as it Looks To Cut

Masco Corp.'s net sales and operating profit for its North American operations were nearly unchanged in the third quarter from the year-earlier period, but strong international business (and a slightly devalued dollar) helped the company return to the black. More

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Masco's 2Q Earnings Almost Triple, Net Sales Fall 1%

Net income at Masco Corp. almost tripled to $8 million during the second quarter from same period a year ago as net sales fell 1% to $2.02 billion. Gross profit at the building products manufacturer fell 2.6% to $532 million. More

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