Masco Corporation (NYSE:MAS) on Wednesday reported better-than-expected first-quarter financial results.
Masco reported adjusted earnings per share of $1.04, beating the consensus estimate of 88 cents. In addition, it reported revenue of $1.91 billion, beating the consensus estimate of $1.83 billion.
Masco affirmed fiscal-year adjusted earnings per share guidance of $4.10 to $4.30, versus the consensus estimate of $4.18.
The company also returned $267 million to shareholders through dividends and share repurchases during the quarter, including $202 million used to repurchase 3.1 million shares.
Masco shares rose 0.2% to $74.10 in …