Masco Corp. Reports Increased Q2 Profits
July 30, 2014
Masco Corp. announced that adjusted operating profit grew by 21 percent in its second quarter. Net sales from continuing operations rose 5 percent to $2.3 billion, up from $2.1 billion for the second quarter of 2013. North American sales increased 4 percent, and international sales increased 9 percent in U.S. dollars.
"We delivered a solid second quarter marked by revenue growth and strong profitability," says Masco president and CEO, Keith Allman. "Our focus on our key priorities, which include growing share of our market-leading brands, accelerating our customer-focused innovation pipeline, further penetrating international markets and driving operational leverage through cost containment, was demonstrated in our performance despite a more moderate housing recovery."