Masco sets 2028 financial targets at investor day

Masco Corporation (NYSE: MAS) outlined financial targets for 2028 during its investor day at the New York Stock Exchange. The home improvement products company projected organic sales growth averaging 3-4% annually, adjusted operating profit margin of at least 18%, and adjusted earnings per share compound annual growth rate of approximately 10%.

The Livonia, Michigan-based company's financial projections assume industry growth of low single digits annually. Chief Executive Officer Jon Nudi stated the company plans to deliver above-market growth through a consumer-driven strategy utilizing its brands, commercial capabilities, and operational excellence.

"We are focused on accelerating growth and delivering meaningful shareholder value," Nudi said in a statement. "The combination of our industry-leading brands, innovative products, differentiated capabilities, and disciplined operational execution position us well to deliver on our strategic objectives."

Chief Financial Officer Rick Westenberg said the company aims to deliver above-market revenue and profit growth while investing in future growth drivers. Masco's portfolio includes Behr paint, Delta and hansgrohe faucets and fixtures, Liberty hardware, and HotSpring spas.

The company indicated it cannot provide reconciliations of its non-GAAP financial targets due to the unpredictability of estimating certain items. The investor presentation materials were made available on Masco's website following the event.

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