SunTrust Upgrades Masco (MAS) to Buy
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Masco Outperforms in the Second Quarter 2015
July 28, 2015 7:00 AM EDTKey Highlights
Sales increased 3 percent to $1.9 billion and increased 7 percent excluding the effects of foreign currency translation North American sales increased 7 percent; International sales increased 5 percent in local currency Adjusted operating profit increased 22 percent to $280 million Adjusted EPS increased 36 percent to $.38 per common share Board announces intent to increase annual dividend by $0.02 per share to $0.38 beginning in the fourth quarter Tax free spin-off of TopBuild Corp. completed on June 30, 2015 Masco... More