PaintSquare.com


The First Word in Protective & Marine Coatings

A Product of Technology Publishing / PaintSquare
JPCL | PaintSquare News | Durability + Design | Paint BidTracker

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.

Bullard

The Next Generation
of Blasting

• Lightest
• Coolest
• Most Comfortable
• Most Dependable


International Paint LLC

International Paint Engineered Coatings

Learn about our solutions for:
  • Structural Steel
  • Piping & Equipment
  • Storage Tanks
  • Pressure Vessels
  • Secondary Containment


    SAFE Systems, Inc.
    SAFE Systems'
    Blast Lights &
    Deadman Switches

    Halogen or LED blast lights available with our NEW urethane bumper. Switches available in many colors for color coding your hoses.


    Termarust Technologies
    Termarust (HR CSA) Chemically Stops
    Active Corrosion

    Truss bridge treated with Termarust's (HR CSA) in 1995. This highway & rail truss bridge is still stable and there still is no active corrosion.


    CHLOR*RID International Inc.
    Free Webinar

    Learn about soluble salts, along with a discussion on allowable levels.
    More information at
    www.chlor-rid.com,

    800-422-3217


    U.S. Zinc

    The proven corrosion protection properties of our zinc dust prolong the life of marine coatings. U.S. Zinc – Helping the world work™


    Barton International
    Garnet Replaces Staurolite at Gulf Coast Shipyard

    Learn how Barton 100HPA® was proven to cut 33% faster used 35% less abrasive with 50% less dust than Staurolite at a Gulf Coast Shipyard. (800)741-7756 info@barton.com

  •  
     
     
    Technology Publishing

    The Technology Publishing Network

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

     
    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 2000-2014, 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