PaintSquare.com
      | Connect Follow us on Twitter Like us on Facebook
About | Subscribe | Advertise
  

Paint and Coatings Industry News

Main News Page


Masco Announces Q2 Results

Monday, August 3, 2009

Comment | More

Masco Corporation (Taylor, MI) reported a 23% decline in net sales for the second quarter of 2009, which ended on June 30. Net sales were $2.0 billion for Q2, as compared with $2.6 billion for the second quarter or 2008. North American sales declined by 21%, and international sales fell by 30%.

Second quarter results were affected by lower sales in the volume of new home construction products and services as well as continued decline in consumer spending for home improvement products. The company says that the negative market conditions were partially offset by increased sales volume of paints and stains, improved relationship between selling prices and commodity costs, and cost savings initiatives.

The company continues to estimate that 2009 housing starts will decline by 40% to approximately 550,000 units and that its sales will decrease by about 18–22% compared to 2008. The company also estimates that its free cash flow will be relatively strong at around $360 million.

For details, visit www.masco.com

 

   

Tagged categories: Finance

Comment Join the Conversation:

Sign in to our community to add your comments.

Blastox/The TDJ Group, Inc.
Blastox - One Step
Lead Abatement

Don't waste $$ on added labor steps with other methods. Don't mix, meter or apply at the job-site. Avoid strict hazardous waste rules.
Let your painters paint!


Novatek Corporation
Dustless Coatings Removal

Strip it, clean it, and profile it,
all dust free! High production
rates and Blast like finishes.
Comply with new lead
standards.


HoldTight Solutions Inc.
NO FLASH RUST -
NO CONTAMINANTS

Our HoldTight®102 salt remover & flash rush inhibitor prevents flash rust by removing surface contaminants.
Contact us for your nearest distributor. (800) 319.8802 sales@holdtight.com


KTA-Tator, Inc. - Corporate Office
KTA-Tator
Coatings Inspection

Any structure, any height, any place - A qualified coatings inspector is always available. Call 800-245-6379.


Carboline Company
Hyrdrocarbon Fire & Jet Fire Protection

Pyroclad X1 is the latest breakthrough in epoxy based intumescent fireproofing technology


Fischer Technology Inc.
MP0R with rotating display screen

View your coating thickness readings from any angle with rotating display screen. New graphic display with easy menu navigation. Click for Video
Call 800-243-8417


Axxiom Manufacturing
Schmidt Improves Conversion Kits

Schmidt's conversion kits turn out-of-date blast pots into high quality, efficient blasters. Quick, easy to install with step by step instructions.
Call 1-800-231-2085

 
 
 
Technology Publishing

The Technology Publishing Network

The Journal of Protective Coatings & Linings (JPCL) PaintSquare
Durability + Design Paint BidTracker

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
 

© Copyright 2000-2015, Technology Publishing / PaintSquare, All rights reserved
2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com