Demand Remains Healthy For Masco

Masco sales increased 12 per cent to $2,201 million in the first quarter of 2022 compared to the net sales of $1,970 million in the first quarter of 2021. In local currency, sales increased 13 per cent. Operating profit was down three per cent compared to last year to $353 million and operating margin was 16 per cent compared to 18.5 per cent last year. Net income for the quarter was $252 million compared to $114 million. “Demand for our products remains healthy, and we are executing well to offset ongoing inflation while still driving volume growth,” says Keith Allman, president and CEO of Masco.