Masco Corp (MAS) released its first quarter results on Thursday, April 29, 2021. The company reported net earnings of $0.37 per share for the first quarter ending March 31, 2021. Earnings for this past quarter were up 269 percent compared to the same period a year ago.
Masco Corporation was founded in 1929 and is headquartered in Livonia, Michigan. Masco Corporation designs, manufactures, and distributes home improvement and building products in North America, Europe, and internationally. The company operates through two segments, Plumbing Products and Decorative Architectural Products.
Masco's revenue increased 2 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins increased to 37.72% for the first quarter compared to the same period in the previous year, and operating margins increased to 18.53% over the same period. Net earnings for past trailing twelve months were $767.0 million, up 8% from the prior year.
Moving on to the balance sheet, Masco’s cash levels jumped 9% for the first quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, increased 0.49% this past year. The current ratio for Masco now stands at 1.83. The company decreased shares outstanding by 6.31%.
Shares of MAS are currently trading around $64.94. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 21.63 and price to book ratio of 76.91.