Q3 FY26 · Ended Sep 30, 2026 · View SEC filing
Higher prices, not more units, drove profit
Cost of sales fell as prices rose, so operating profit grew 11.6% on sales growth of 2.6%.
For investorsWhat Masco's margin rests on once tariff refunds pass
For foundersHow a brand passes cost shocks into price and keeps it
Refunds of unlawful tariffs began arriving last quarter, which makes this quarter's lower margin the better guide to the business underneath.
Decorative sales barely grew, yet each dollar earns more than in Plumbing, so its lost volume costs more profit.
Earnings per share rose 30% while net income rose 21.7%, helped by buybacks partly funded with a new term loan.
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Business Lens describes Masco from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
