US-based Masco Corporation, the parent company of KBB brands such as Bristan and Hansgrohe, has reported solid Q2 results with rising profits despite a slight drop in sales.
Masco Corporation has reported a 2% decline in net sales for the second quarter of 2025, bringing total revenue for the period to $2.05 billion (£1.56bn). However, the home improvement giant posted stronger earnings and confirmed a return to financial guidance for the year.
Excluding currency impacts and recent divestitures, net sales were flat compared with the same period last year. Plumbing Products sales rose by 5%, while sales in Decorative Architectural Products dropped 12%, or 4% when adjusted for divestitures and currency.
Gross margin improved slightly to 37.6%, and operating profit increased 4% to $412 million (£313m). On an adjusted basis, operating profit was up 4% to $413m (£314m), with operating margin improving by 100 basis points to 20.1%.
Masco repurchased 1.6 million shares during the quarter at a cost of $101m (£77m), with total shareholder returns – including dividends – amounting to $167m (£127m).
Commenting on the results, new Masco president and CEO Jon Nudi said: “During the first half of this year, we demonstrated our ability to successfully navigate a dynamic geopolitical and macroeconomic environment through our focused execution.
“Our second quarter results were strong as we expanded adjusted operating profit margin by 100 basis points to 20.1 percent, and we grew adjusted earnings per share by 8 percent to $1.30. Additionally, our capital allocation strategy enabled us to return $167 million to shareholders through dividends and share repurchases.”
Looking ahead, Nudi added: “For the second half of this year, we remain confident in the ability of our teams to continue to execute our strategic priorities to drive results, even while uncertainty surrounding near-term market conditions persists. Therefore, we are restoring our financial guidance for 2025.
“We believe sales across the global repair and remodel markets will be down low-single digits for the year. We expect our full year 2025 sales will be generally in line with the prior year when adjusted for divestitures and currency, as we expect to continue to outperform the market in 2025.
“With our industry leading brands, innovative product portfolio, and strong customer service, as well as our disciplined capital allocation, we believe Masco is well positioned to continue to deliver long-term shareholder value.”