Masco Corporation's shares rise on Q4 2023 results, anticipating stabilized 2024 demand and $4.00-$4.25 EPS.

Masco shares climbed after the company revealed it expected demand to stabilize in 2024 and raised its quarterly dividend. The manufacturer of home improvement and building products anticipates flat sales for 2024 as the market stabilizes, with earnings and adjusted earnings per share of $4 to $4.25. In addition, the company's board of directors declared a quarterly payout to shareholders of 29 cents, up about 1.8% from 28.5 cents previously.

February 08, 2024
13 Articles