Masco News en Kim_Cook@mascohq.com Copyright 2019 2019-10-01T12:00:34+00:00 Masco Corporation Announces Signing of Definitive Agreement to Sell Milgard Windows http://www.13hanren.com/news/news-stream/masco-corporation-announces-signing-of-definitive-agreement-to-sell-milgard http://www.13hanren.com/news/news-stream/masco-corporation-announces-signing-of-definitive-agreement-to-sell-milgard#When:12:00:34Z LIVONIA, Mich. (October 1, 2019) - Masco Corporation (NYSE: MAS), one of the world’s leading manufacturers of branded home improvement and building products, has entered into a definitive agreement to sell Milgard Windows and Doors to MI Windows and Doors for approximately $725 million.  The agreement contains customary representations, warranties and covenants.  The closing of the sale is expected to occur during the fourth quarter of 2019, subject to customary closing conditions and regulatory review.

About Masco

Headquartered in Livonia, Mich., Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Our portfolio of industry-leading brands includes Behr® paint; Delta® and Hansgrohe® faucets, bath and shower fixtures; KraftMaid® and Merillat® cabinets; Kichler® decorative and outdoor lighting; and HotSpring® spas. We leverage our powerful brands across product categories, sales channels and geographies to create value for our customers and shareholders. For more information about Masco Corporation, visit www.www.13hanren.com.

Safe Harbor Statement

This press release contains statements that reflect our views about our future performance and constitute “forward-looking statements” under the Private Securities Litigation Reform Act of 1995.  Forward-looking statements can be identified by words such as “outlook,” “believe,” “anticipate,” “appear,” “may,” “will,” “should,” “intend,” “plan,” “estimate,” “expect,” “assume,” “seek,” “forecast,” and similar references to future periods.  Our views about future performance involve risks and uncertainties that are difficult to predict and, accordingly, our actual results may differ materially from the results discussed in our forward-looking statements.  We caution you against relying on any of these forward-looking statements.

Our future performance may be affected by the levels of residential repair and remodel activity and new home construction, our ability to maintain our strong brands and reputation and to develop new products, our ability to maintain our competitive position in our industries, our reliance on key customers, the cost and availability of raw materials and increasing tariffs, our dependence on third-party suppliers, risks associated with international operations and global strategies, our ability to achieve the anticipated benefits of our strategic initiatives, including the potential divestitures of our Cabinetry and Windows businesses, our ability to successfully execute our acquisition strategy and integrate businesses that we have and may acquire, our ability to attract, develop and retain talented personnel, risks associated with our reliance on information systems and technology, and our ability to achieve the anticipated benefits from our investments in new technology.  These and other factors are discussed in detail in Item 1A, “Risk Factors” in our most recent Annual Report on Form 10-K, as well as in our Quarterly Reports on Form 10-Q and in other filings we make with the Securities and Exchange Commission.  Any forward-looking statement made by us speaks only as of the date on which it was made.  Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them.  Unless required by law, we undertake no obligation to update publicly any forward-looking statements as a result of new information, future events or otherwise.

Investor Contact

David Chaika
Vice President, Treasurer and Investor Relations
313.792.5500
david_chaika@mascohq.com

 

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Industry News, Investor Relations, Masco News, Milgard Windows and Doors, 2019-10-01T12:00:34+00:00
Masco Corporation Announces Date for Earnings Release and Conference Call for 2019 Third Quarter http://www.13hanren.com/news/news-stream/masco-corporation-announces-date-for-earnings-release-and-conference-c15 http://www.13hanren.com/news/news-stream/masco-corporation-announces-date-for-earnings-release-and-conference-c15#When:13:00:11Z Livonia, Mich. (September 24, 2019)   Masco Corporation (NYSE: MAS) announced today that it will hold a conference call regarding 2019 third quarter results on Wednesday, October 30, 2019 at 8:00 a.m. ET.  The conference call will be hosted by Masco President and Chief Executive Officer Keith Allman.  Participants in the call are asked to register five to ten minutes prior to the scheduled start time by dialing (855) 226-2726 (855-22MASCO) and from outside the U.S. at (706) 679-3614. Please use the conference identification number 4086468.

The 2019 third quarter results and supplemental material will be distributed at 7:00 a.m. ET on October 30, 2019 and will be available on the Company’s website at www.www.13hanren.com.

The conference call will be webcast simultaneously and in its entirety through the Masco Corporation website.  Shareholders, media representatives and others interested in Masco may participate in the webcast by registering through the Investor Relations section on the Company’s website.

A replay of the call will be available on Masco’s website or by phone by dialing (855) 859-2056 and from outside the U.S. at (404) 537-3406. Please use the conference identification number 4086468.  The telephone replay will be available approximately two hours after the end of the call and continue through November 30, 2019.

Headquartered in Livonia, Mich., Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Our portfolio of industry-leading brands includes Behr® paint; Delta® and Hansgrohe® faucets, bath and shower fixtures; KraftMaid® and Merillat® cabinets; Milgard® windows and doors; Kichler® decorative and outdoor lighting; and HotSpring® spas. We leverage our powerful brands across product categories, sales channels and geographies to create value for our customers and shareholders. For more information about Masco Corporation, visit www.www.13hanren.com.

Investor Contact
David Chaika
Vice President, Treasurer and Investor Relations
313.792.5500
david_chaika@mascohq.com

 

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Investor Relations, Masco News, 2019-09-24T13:00:11+00:00
Masco Declares Quarterly Dividend and Announces Share Repurchase Authorization http://www.13hanren.com/news/news-stream/masco-corporation-declares-quarterly-dividend-announces-2-billion-shar http://www.13hanren.com/news/news-stream/masco-corporation-declares-quarterly-dividend-announces-2-billion-shar#When:12:00:45Z Livonia, Mich.  (September 17, 2019) — Masco Corporation (NYSE: MAS) announced that its Board of Directors declared a quarterly dividend of $.135 per common share, payable on November 12, 2019, to shareholders of record on October 11, 2019.

Masco’s Board of Directors has also approved a share repurchase program that authorizes the repurchase of up to an aggregate value of $2 billion of Masco’s outstanding common stock.  The manner, timing and amount of any purchases will be determined by Masco based upon an evaluation of market conditions, stock price and other factors.  The Board’s authorization permits but does not obligate Masco to acquire the full $2 billion of common stock, and may be modified or suspended at any time, at Masco’s discretion.  This authorization is effective September 18, 2019, and cancels Masco’s prior share repurchase program.

Headquartered in Livonia, Mich., Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Our portfolio of industry-leading brands includes Behr® paint; Delta® and Hansgrohe® faucets, bath and shower fixtures; KraftMaid® and Merillat® cabinets; Milgard® windows and doors; Kichler® decorative and outdoor lighting; and HotSpring® spas. We leverage our powerful brands across product categories, sales channels and geographies to create value for our customers and shareholders. For more information about Masco Corporation, visit www.www.13hanren.com.

 

Investor Contact
David Chaika
Vice President, Treasurer and Investor Relations
313.792.5500
david_chaika@mascohq.com

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Investor Relations, Masco News, 2019-09-17T12:00:45+00:00
Masco Corporation Declares Quarterly Dividend, Announces $2 Billion Share Repurchase Authorization http://www.13hanren.com/news/news-stream/masco-corporation-declares-quarterly-dividend-announces-2-billion-share-rep http://www.13hanren.com/news/news-stream/masco-corporation-declares-quarterly-dividend-announces-2-billion-share-rep#When:12:00:31Z Livonia, Mich.  (September 17, 2019) — Masco Corporation (NYSE: MAS) announced that its Board of Directors declared a quarterly dividend of $.135 per common share, payable on November 12, 2019, to shareholders of record on October 11, 2019.

Masco’s Board of Directors has also approved a share repurchase program that authorizes the repurchase of up to an aggregate value of $2 billion of Masco’s outstanding common stock.  The manner, timing and amount of any purchases will be determined by Masco based upon an evaluation of market conditions, stock price and other factors.  The Board’s authorization permits but does not obligate Masco to acquire the full $2 billion of common stock, and may be modified or suspended at any time, at Masco’s discretion.  This authorization is effective September 18, 2019, and cancels Masco’s prior share repurchase program.

Headquartered in Livonia, Mich., Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Our portfolio of industry-leading brands includes Behr® paint; Delta® and Hansgrohe® faucets, bath and shower fixtures; KraftMaid® and Merillat® cabinets; Milgard® windows and doors; Kichler® decorative and outdoor lighting; and HotSpring® spas. We leverage our powerful brands across product categories, sales channels and geographies to create value for our customers and shareholders. For more information about Masco Corporation, visit www.www.13hanren.com.

 

Investor Contact
David Chaika
Vice President, Treasurer and Investor Relations
313.792.5500
david_chaika@mascohq.com

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Investor Relations, Masco News, 2019-09-17T12:00:31+00:00
Masco Corporation Reports Second Quarter 2019 Results http://www.13hanren.com/news/news-stream/masco-corporation-reports-second-quarter-2019-results http://www.13hanren.com/news/news-stream/masco-corporation-reports-second-quarter-2019-results#When:11:00:57Z Key Results

•  Sales decreased 1 percent to $2.3 billion; in local currency, sales matched prior year
•  Operating profit for the quarter increased 9 percent to $392 million; adjusted operating profit increased 5 percent to $399 million
•  Earnings per share increased 21 percent to $0.82 per share; adjusted earnings per share increased 16 percent to $0.88 per share
•  Updating 2019 anticipated earnings per share to be in the range of $2.51 - $2.61 per share, and on an adjusted basis, to be in the range of $2.62 - $2.72 per share, compared to a previous range of $2.60 - $2.80
•  Board announces intent to increase annual dividend by $.06 per share to $.54 per share, beginning in the fourth quarter

 

LIVONIA, Mich. (July 25, 2019) - Masco Corporation (NYSE: MAS), one of the world’s leading manufacturers of branded home improvement and building products, reported its second quarter results.

“We delivered operating profit growth and margin expansion across all segments in the quarter,” said Masco President and CEO, Keith Allman.  “This performance was achieved through disciplined pricing actions and cost control, which more than offset lower volumes. We continued our focus on creating shareholder value and returned $202 million to shareholders through share repurchases and dividends during the quarter.”

2019 Second Quarter Commentary

•  On a reported basis, compared to second quarter 2018:
•  Net sales decreased 1 percent to $2.3 billion; in local currency, net sales matched prior year
•  In local currency, North American sales increased 1 percent and international sales decreased 4 percent
•  Gross margins increased 170 basis points to 34.4 percent from 32.7 percent
•  Operating profit increased 9 percent to $392 million
•  Operating margins increased 160 basis points to 17.2 percent from 15.6 percent
•  Net income increased to $0.82 per share, compared to $0.68 per share
•  Compared to second quarter 2018, results for key financial measures, as adjusted for certain items (see Exhibit A) and with a normalized tax rate of 25 percent, were as follows:
•  Gross margins increased 90 basis points to 34.5 percent compared to 33.6 percent
•  Operating profit increased 5 percent to $399 million from $380 million
•  Operating margins increased 100 basis points to 17.5 percent compared to 16.5 percent
•  Net income increased to $0.88 per share, compared to $0.76 per share
•  Liquidity at the end of the second quarter was $325 million
•  Repurchased 4.3 million shares in the quarter

2019 Second Quarter Operating Segment Results

•  Plumbing Products’ net sales decreased 2 percent (flat excluding the impact of foreign currency) due to lower volume and currency, partially offset by pricing
•  Decorative Architectural Products’ net sales increased 3 percent due to growth in paints and other coating products
•  Cabinetry Products’ net sales decreased 6 percent due to lower volume, partially offset by pricing
•  Windows and Other Specialty Products’ net sales decreased 3 percent due to lower volume, partially offset by favorable mix in North America and pricing

“We are pleased with how we have navigated through a dynamic first half of 2019, and believe we are well positioned to execute on our plans in the second half of the year,” said Allman.  “We anticipate adjusted earnings per share to be in the range of $2.62 - $2.72.  Additionally, our Board demonstrated confidence in our future by announcing its intention to raise our annual dividend 13% to $0.54 per share beginning in the fourth quarter.”

About Masco


Headquartered in Livonia, Michigan, Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products.  Our portfolio of industry-leading brands includes Behr® paint; Delta® and Hansgrohe® faucets, bath and shower fixtures; KraftMaid® and Merillat® cabinets; Milgard® windows and doors; Kichler® decorative and outdoor lighting; and HotSpring® spas.  We leverage our powerful brands across product categories, sales channels and geographies to create value for our customers and shareholders.  For more information about Masco Corporation, visit www.www.13hanren.com.


The 2019 second quarter supplemental material, including a presentation in PDF format, is available on Masco’s website at www.www.13hanren.com.


Conference Call Details


A conference call regarding items contained in this release is scheduled for Thursday, July 25, 2019 at 8:00 a.m. ET.  Participants in the call are asked to register five to ten minutes prior to the scheduled start time by dialing (855) 226-2726 (855-22MASCO) and from outside the U.S. at (706) 679-3614.  Please use the conference identification number 6594856.  The conference call will be webcast simultaneously and in its entirety through Masco’s website.  Shareholders, media representatives and others interested in Masco may participate in the webcast by registering through the Investor Relations section on Masco’s website.


A replay of the call will be available on Masco’s website or by phone by dialing (855) 859-2056 and from outside the U.S. at (404) 537-3406.  Please use the conference identification number 6594856.  The telephone replay will be available approximately two hours after the end of the call and continue through August 25, 2019.


Safe Harbor Statement


This press release contains statements that reflect our views about our future performance and constitute “forward-looking statements” under the Private Securities Litigation Reform Act of 1995.  Forward-looking statements can be identified by words such as “outlook,” “believe,” “anticipate,” “appear,” “may,” “will,” “should,” “intend,” “plan,” “estimate,” “expect,” “assume,” “seek,” “forecast,” and similar references to future periods.  Our views about future performance involve risks and uncertainties that are difficult to predict and, accordingly, our actual results may differ materially from the results discussed in our forward-looking statements.  We caution you against relying on any of these forward-looking statements. Our future performance may be affected by the levels of residential repair and remodel activity and new home construction, our ability to maintain our strong brands and reputation and to develop new products, our ability to maintain our competitive position in our industries, our reliance on key customers, the cost and availability of raw materials and increasing tariffs, our dependence on third-party suppliers, risks associated with international operations and global strategies, our ability to achieve the anticipated benefits of our strategic initiatives, including the potential divestitures of our Cabinetry and Windows businesses, our ability to successfully execute our acquisition strategy and integrate businesses that we have and may acquire, our ability to attract, develop and retain talented personnel, risks associated with our reliance on information systems and technology, and our ability to achieve the anticipated benefits from our investments in new technology.  These and other factors are discussed in detail in Item 1A, “Risk Factors” in our most recent Annual Report on Form 10-K, as well as in our Quarterly Reports on Form 10-Q and in other filings we make with the Securities and Exchange Commission.  Any forward-looking statement made by us speaks only as of the date on which it was made.  Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them.  Unless required by law, we undertake no obligation to update publicly any forward-looking statements as a result of new information, future events or otherwise.


Investor Contact


David Chaika
Vice President, Treasurer and Investor Relations
313.792.5500
david_chaika@mascohq.com

 

Click here to view the Q2 2019 Analyst Package.

 

 

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Investor Relations, Masco News, 2019-07-25T11:00:57+00:00
Masco Corporation Announces Date for Earnings Release and Conference Call for 2019 Second Quarter http://www.13hanren.com/news/news-stream/masco-corporation-announces-date-for-earnings-release-and-conference-c14 http://www.13hanren.com/news/news-stream/masco-corporation-announces-date-for-earnings-release-and-conference-c14#When:12:00:38Z Livonia, Mich. (June 28, 2019)   Masco Corporation (NYSE: MAS) announced today that it will hold a conference call regarding 2019 second quarter results on Thursday, July 25, 2019 at 8:00 a.m. ET.  The conference call will be hosted by Masco President and Chief Executive Officer Keith Allman.  Participants in the call are asked to register five to ten minutes prior to the scheduled start time by dialing (855) 226-2726 (855-22MASCO) and from outside the U.S. at (706) 679-3614. Please use the conference identification number 6594856.

The 2019 second quarter results and supplemental material will be distributed at 7:00 a.m. ET on July 25, 2019 and will be available on the Company’s website at www.www.13hanren.com.

The conference call will be webcast simultaneously and in its entirety through the Masco Corporation website.  Shareholders, media representatives and others interested in Masco may participate in the webcast by registering through the Investor Relations section on the Company’s website.

A replay of the call will be available on Masco’s website or by phone by dialing (855) 859-2056 and from outside the U.S. at (404) 537-3406. Please use the conference identification number 6594856.  The telephone replay will be available approximately two hours after the end of the call and continue through August 25, 2019.

Headquartered in Livonia, Mich., Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Our portfolio of industry-leading brands includes Behr® paint; Delta® and Hansgrohe® faucets, bath and shower fixtures; KraftMaid® and Merillat® cabinets; Milgard® windows and doors; Kichler® decorative and outdoor lighting; and HotSpring® spas. We leverage our powerful brands across product categories, sales channels and geographies to create value for our customers and shareholders. For more information about Masco Corporation, visit www.www.13hanren.com.

Investor Contact
David Chaika
Vice President, Treasurer and Investor Relations
313.792.5500
david_chaika@mascohq.com

 

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Investor Relations, Masco News, 2019-06-28T12:00:38+00:00
Masco Corporation Declares Quarterly Dividend http://www.13hanren.com/news/news-stream/masco-corporation-declares-quarterly-dividend31 http://www.13hanren.com/news/news-stream/masco-corporation-declares-quarterly-dividend31#When:13:00:43Z Livonia, Mich. (June 21, 2019) — Masco Corporation (NYSE: MAS) announced that its Board of Directors declared a quarterly dividend of $.12 per common share, payable on August 12, 2019, to shareholders of record on July 12, 2019.

Headquartered in Livonia, Mich., Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Our portfolio of industry-leading brands includes Behr® paint; Delta® and Hansgrohe® faucets, bath and shower fixtures; KraftMaid® and Merillat® cabinets; Milgard® windows and doors; Kichler® decorative and outdoor lighting; and HotSpring® spas. We leverage our powerful brands across product categories, sales channels and geographies to create value for our customers and shareholders. For more information about Masco Corporation, visit www.www.13hanren.com.

# # #

Investor Contact
David Chaika
Vice President, Treasurer and Investor Relations
313.792.5500
david_chaika@mascohq.com

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Investor Relations, Masco News, 2019-06-21T13:00:43+00:00
Masco Corporation Announces Intention to Pursue Divestitures of Cabinetry and Windows Businesses http://www.13hanren.com/news/news-stream/masco-corporation-announces-intention-to-pursue-divestitures-of-cabinetry-a http://www.13hanren.com/news/news-stream/masco-corporation-announces-intention-to-pursue-divestitures-of-cabinetry-a#When:12:00:46Z LIVONIA, Mich. (June 18, 2019) - Masco Corporation (NYSE: MAS), one of the world’s leading manufacturers of branded home improvement and building products, announced today that it has concluded its strategic review of its Cabinetry and Windows businesses and will pursue the sale of these businesses.

“Since we announced the strategic review of our Cabinetry and Windows businesses in March, we have worked with our external advisors, our Cabinetry and Windows business units, and our Board of Directors to evaluate alternatives to best deliver long-term value for our shareholders,” said Keith Allman, Masco’s President and CEO.  “We have determined that pursuing the sale of Masco Cabinetry, Milgard Windows and UK Window Group in three separate transactions is the most appropriate path forward to accomplish this value creation.  We expect that the sales of these businesses will be concluded in approximately six to nine months, assuming that each of these transactions can be completed on acceptable terms and conditions.”

“Over the past five years, we have executed on our strategy to reduce our cyclicality by increasing our exposure to the repair and remodel segment of the housing market,” continued Allman.  “This began with the spin-off of our installation services business and continued with a focus on improving the operations of our Cabinetry and Windows businesses.  The strategic actions we are announcing today will complete the process of reducing our exposure to the new construction segment of the market and position us to focus on our less cyclical Plumbing Products and Decorative Architectural Products businesses going forward,” concluded Allman.   

For 2018, the Cabinetry Products and Windows and Other Specialty Products segments on a combined basis reported $1.7 billion in net sales, $120 million in operating profit and $161 million in adjusted EBITDA (defined as operating profit plus depreciation and amortization expense of $36 million and excluding $5 million of rationalization charges), which represented 20 percent of Masco’s consolidated net sales, 10 percent of consolidated operating profit, and 11 percent of consolidated adjusted EBITDA. 

About Cabinetry Products Segment

Masco Cabinetry, headquartered in Ann Arbor, Michigan, manufactures and sells semi-custom, stock and value-priced assembled cabinetry for kitchen, bath, storage, home office and home entertainment applications in a broad range of styles and price points to address consumer preferences.  Masco Cabinetry’s KRAFTMAID® and CARDELL® products are sold primarily to dealers and home center retailers, and its MERILLAT® and QUALITY CABINETS™ products are sold primarily to dealers and homebuilders for both home improvement and new home construction.  For 2018, Masco reported net sales of its Cabinetry Products segment of $950 million, operating profit of $86 million and EBITDA of $99 million.

About Windows and Other Specialty Products Segment

Masco’s two window businesses are Milgard Windows and Doors, headquartered in Tacoma, Washington, and UK Window Group, headquartered in Wales in the United Kingdom.  Milgard manufactures and sells vinyl, fiberglass and aluminum windows and patio doors under the MILGARD® brand name for home improvement and new home construction, principally in the western United States.  The UK Window Group manufactures and sells vinyl windows, composite doors, related products and components under several brand names, including DURAFLEX™, GRIFFIN™, PREMIER™, PHOENIX DOORS™ and EVOLUTION™.  For 2018, Masco reported net sales of its Windows and Other Specialty Products segment of $755 million, operating profit of $34 million and adjusted EBITDA of $62 million (excluding $5 million of rationalization charges).


About Masco

Headquartered in Livonia, Michigan, Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Our portfolio of industry-leading brands includes Behr® paint; Delta® and Hansgrohe® faucets, bath and shower fixtures; KraftMaid® and Merillat® cabinets; Milgard® windows and doors; Kichler® decorative and outdoor lighting; and HotSpring® spas. We leverage our powerful brands across product categories, sales channels and geographies to create value for our customers and shareholders. For more information about Masco Corporation, visit www.www.13hanren.com.


Safe Harbor Statement

This press release contains statements that reflect our views about our future performance and constitute “forward-looking statements” under the Private Securities Litigation Reform Act of 1995.  Forward-looking statements can be identified by words such as “believe,” “anticipate,” “appear,” “may,” “will,” “should,” “intend,” “plan,” “estimate,” “expect,” “assume,” “seek,” “forecast,” and similar references to future periods. Our views about future performance involve risks and uncertainties that are difficult to predict and, accordingly, our actual results may differ materially from the results discussed in our forward-looking statements. We caution you against relying on any of these forward-looking statements.

Our future performance may be affected by the levels of residential repair and remodel activity and new home construction, our ability to maintain our strong brands and reputation and to develop new products, our ability to maintain our competitive position in our industries, our reliance on key customers, the cost and availability of raw materials and increasing tariffs, our dependence on third-party suppliers, risks associated with international operations and global strategies, our ability to achieve the anticipated benefits of our strategic initiatives, including the potential divestitures of our Cabinetry and Windows businesses, our ability to successfully execute our acquisition strategy and integrate businesses that we have and may acquire, our ability to attract, develop and retain talented personnel, risks associated with our reliance on information systems and technology, and our ability to achieve the anticipated benefits from our investments in new technology.  These and other factors are discussed in detail in Item 1A, “Risk Factors” in our most recent Annual Report on Form 10-K, as well as in our Quarterly Reports on Form 10-Q and in other filings we make with the Securities and Exchange Commission. Any forward-looking statement made by us speaks only as of the date on which it was made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. Unless required by law, we undertake no obligation to update publicly any forward-looking statements as a result of new information, future events or otherwise.


Investor Contact

David Chaika
Vice President, Treasurer and Investor Relations
313.792.5500
david_chaika@mascohq.com

Media Contact

Sue Sabo
Director, Communications
313.792.6226
sue_sabo@mascohq.com

 

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Industry News, Investor Relations, Masco News, 2019-06-18T12:00:46+00:00
Milgard Employees “Dig In” to Support Local Habitat for Humanity http://www.13hanren.com/news/news-stream/milgard-employees-dig-in-to-support-local-habitat-for-humanity http://www.13hanren.com/news/news-stream/milgard-employees-dig-in-to-support-local-habitat-for-humanity#When:13:37:01Z Tacoma, Wash. (June 11, 2019) – Employees at Milgard Windows & Doors donated their time to support low-income families at a recent Tacoma/Pierce County Washington Habitat for Humanity Build Day.

A Tillicum neighborhood, developed by Habitat for Humanity, benefitted from the hard work of Milgard volunteers. Employees literally “dug in the dirt” laboring on a variety of landscaping projects. The team also laid tile and cleaned the durable and energy efficienct Milgard Style Line® Series vinyl windows, a popular choice for Habitat homes.

“Once again, our team of Milgard employees show how much they care for our local community,” said Tim Large, Milgard Community Action Team Chairperson. “Everyone who works on a Habitat build site, be that a first timer or a returning volunteer, comes away with a full heart and a sense of pride in their co-workers at Milgard Windows & Doors. In addition, the team at Habitat for Humanity of Pierce County always gives our volunteers great direction to adhere to our skill levels. Their mission of providing affordable homeownership opportunities is one that we can all appreciate.”

Over the past few years Habitat for Humanity's addition of affordable owner-occupied housing in Tillicum has made a positive difference. The community is thriving due to new residents who are taking an active role in the community and making improvements in their neighborhood.

“Volunteering for Habitat for Humanity was very rewarding for me,” said Terri Staeger, Sr. Accounts Payable Specialist. “It was great to be onsite and see what it takes to create a home for someone. Plus, we witnessed not one but two home dedications. It was very touching seeing the families officially receive ownership of their homes. To me these homes are more than just a place of shelter, they represent freedom and independence!” 

This was the 7th year in a row that Milgard employees participated in a Habitat for Humanity Build Day.

Pictured clockwise: Carl Drexler, Vince Prunty, Terri Staeger, Tim Large, Jeff Fry, Randi Shartin and Cheryl Jones


About Milgard Windows & Doors 
Milgard Windows & Doors, a Masco company based in Tacoma, Washington, offers a full line of vinyl, wood, fiberglass and aluminum windows and patio doors for builders, dealers and homeowners, backed by a Full Lifetime Warranty, including parts and labor. The company has been recognized as Builders Choice for vinyl and fiberglass windows in the Western United States, in a yearly survey sponsored by Hanley-Wood Inc., publishers of BUILDER Magazine. Milgard® is the highest online rated window and patio door brand, as measured by the 2018 NRS consumer sentiment study conducted by MetrixLab and commissioned by Masco. Milgard has approximately 3,300 points of sale nationwide. For more information, visit milgard.com or call 1.800.MILGARD.

About Masco Corporation
Masco Corporation (NYSE: MAS), parent company of Milgard Windows & Doors, is a global leader in the design, manufacture and distribution of branded home improvement and building products. Our portfolio of industry-leading brands includes Behr® paint; Delta® and Hansgrohe® faucets, bath and shower fixtures; KraftMaid® and Merillat® cabinets; Milgard® windows and doors; Kichler® decorative and outdoor lighting; and Hot Spring® spas. We leverage our powerful brands across product categories, sales channels and geographies to create value for our customers and shareholders. For more information about Masco Corporation, visit www.13hanren.com.


About Tacoma/Pierce County Habitat for Humanity
Tacoma/Pierce County Habitat for Humanity is a non-profit 501(c)(3) organization that works with low-income families in Pierce County to build and own simple, decent, affordable homes. Partnering with a variety of corporate, community, and faith-based organizations, as well as numerous individual volunteers, Tacoma/Pierce County Habitat for Humanity develops affordable communities of both rehabbed and new construction housing.

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Corporate Responsibility, Masco News, Milgard Windows and Doors, 2019-06-11T13:37:01+00:00
Milgard Vinyl, Wood and Fiberglass Windows Awarded Best in Western US http://www.13hanren.com/news/news-stream/milgard-vinyl-wood-and-fiberglass-windows-awarded-best-in-western-us http://www.13hanren.com/news/news-stream/milgard-vinyl-wood-and-fiberglass-windows-awarded-best-in-western-us#When:15:37:02Z Tacoma, Wash. (May 29, 2019) – Milgard® Windows & Doors has been awarded the ‘Most Used’ and ‘Most Recognized’ window brand in the Western US for its vinyl, wood and fiberglass windows by Remodeling Magazine, a leading publication in the home improvement industry.


“Milgard strives to be the best window and door manufacturer in the industry,” said Jeremiah Noneman, senior marketing director at Milgard Windows & Doors. “We are honored to receive this recognition from remodeling professionals.”

Milgard engineers are known for their award-winning windows and patio doors, as well as industry-leading designs using patented technologies, including the award-winning SmartTouch® lock. Designed for comfort and durability, Milgard develops each component from extensive testing and attention to detail. They manufacture their own lineals and fabricate each custom-made window and patio door to order, providing a high level of quality control.

The REMODELING Brand Use Study is conducted every 2 years and surveys remodeling pros to learn the brand names they recognize and use the most across 54 product categories.

Learn more about Milgard windows: https://www.milgard.com/windows


About Milgard Windows & Doors 
Milgard Windows & Doors, a Masco company based in Tacoma, Washington, offers a full line of vinyl, wood, fiberglass and aluminum windows and patio doors for builders, dealers and homeowners, backed by a Full Lifetime Warranty, including parts and labor. The company has been recognized as Builders Choice for vinyl and fiberglass windows in the Western United States, in a yearly survey sponsored by Hanley-Wood Inc., publishers of BUILDER Magazine. Milgard® is the highest online rated window and patio door brand, as measured by the 2018 NRS consumer sentiment study conducted by MetrixLab and commissioned by Masco. Milgard has approximately 3,300 points of sale nationwide. For more information, visit milgard.com or call 1.800.MILGARD.

About Masco Corporation
Masco Corporation (NYSE: MAS), parent company of Milgard Windows & Doors, is a global leader in the design, manufacture and distribution of branded home improvement and building products. Our portfolio of industry-leading brands includes Behr® paint; Delta® and Hansgrohe® faucets, bath and shower fixtures; KraftMaid® and Merillat® cabinets; Milgard® windows and doors; Kichler® decorative and outdoor lighting; and Hot Spring® spas. We leverage our powerful brands across product categories, sales channels and geographies to create value for our customers and shareholders. For more information about Masco Corporation, visit www.13hanren.com.

About Hanley Wood
Hanley Wood is the premier company serving the information, media, and marketing needs of the residential, commercial design and construction industry. Utilizing the largest analytics and editorially driven Construction Industry Database, the company provides business intelligence and data-driven services. The company produces award-winning media, high-profile executive events, and strategic marketing solutions.

About REMODELING
REMODELING, published by Hanley Wood, is the leading publication in the home improvement industry. REMODELING has and continues to be the indispensable tool that remodelers cannot do without—delivering the business know-how, product and technical information that home improvement pros need to help make smart decisions that will shape their project success.  To learn more, visit remodelingmag.com.

 

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Awards, Masco News, Milgard Windows and Doors, 2019-05-30T15:37:02+00:00
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