Plymouth Township, Michigan

Masco Corporation Announces $400 Million Accelerated Share Repurchase

Retrieved on: 
Tuesday, November 26, 2019
Other Construction & Property, Construction & Property, Other Manufacturing, Manufacturing, Stock market, Masco, Plymouth Township, Michigan, MASCOS, Accelerated share repurchase, Share repurchase, ASR

Masco Corporation (NYSE: MAS) today announced it has entered into an accelerated share repurchase (ASR) agreement with Royal Bank of Canada to repurchase $400 million of Mascos common stock.

Key Points: 
  • Masco Corporation (NYSE: MAS) today announced it has entered into an accelerated share repurchase (ASR) agreement with Royal Bank of Canada to repurchase $400 million of Mascos common stock.
  • This agreement is part of Mascos existing share repurchase authorization of $2 billion which was announced on September 17, 2019.
  • Headquartered in Livonia, Mich., Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products.
  • For more information about Masco Corporation, visit www.masco.com .

Masco Corporation Announces Signing of Definitive Agreement to Sell Masco Cabinetry

Retrieved on: 
Friday, November 15, 2019
Architecture, Other Retail, Specialty, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Other Manufacturing, Retail, Manufacturing, Home Goods, Interior design, Finance, Financial markets, Money, Masco, Plymouth Township, Michigan, Corporate finance, Preferred stock

The preferred stock will have a coupon of 8 percent, increasing to 10 percent in the third year.

Key Points: 
  • The preferred stock will have a coupon of 8 percent, increasing to 10 percent in the third year.
  • The closing of the sale is expected to occur during the first quarter of 2020, subject to customary closing conditions and regulatory review.
  • Masco Cabinetry will be accounted for as discontinued operations for the fourth quarter and full year 2019.
  • Headquartered in Livonia, Mich., Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products.

Masco Corporation Announces Completion of the Sale of Milgard Windows and Doors

Retrieved on: 
Thursday, November 7, 2019
Architecture, Other Retail, Specialty, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Other Manufacturing, Construction & Property, Retail, Chemicals, Plastics, Interior design, Home Goods, Manufacturing, Masco, Plymouth Township, Michigan, Brand, Market economics), Economy, Microeconomics

Masco Corporation (NYSE: MAS), one of the worlds leading manufacturers of branded home improvement and building products, announced today the completion of the sale of Milgard Windows and Doors to MI Windows and Doors LLC for approximately $725 million.

Key Points: 
  • Masco Corporation (NYSE: MAS), one of the worlds leading manufacturers of branded home improvement and building products, announced today the completion of the sale of Milgard Windows and Doors to MI Windows and Doors LLC for approximately $725 million.
  • Headquartered in Livonia, Michigan, Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products.
  • We leverage our powerful brands across product categories, sales channels and geographies to create value for our customers and shareholders.
  • For more information about Masco Corporation, visit www.masco.com .

Masco Corporation Announces Live Webcast of Presentation at Investor Conference – November 7, 2019

Retrieved on: 
Thursday, October 17, 2019
Other Manufacturing, Construction & Property, Other Retail, Chemicals, Plastics, Home Goods, Interior design, Manufacturing, Retail, Other Construction & Property, Masco, Plymouth Township, Michigan, MASCOS

Masco Corporation (NYSE: MAS) today announced that President and CEO Keith Allman will present at the Baird 2019 Global Industrial Conference on November 7 in Chicago at 9:30 a.m.

Key Points: 
  • Masco Corporation (NYSE: MAS) today announced that President and CEO Keith Allman will present at the Baird 2019 Global Industrial Conference on November 7 in Chicago at 9:30 a.m.
  • A replay of the webcast will be available via Mascos website through February 6, 2020.
  • Headquartered in Livonia, Mich., Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products.
  • We leverage our powerful brands across product categories, sales channels and geographies to create value for our customers and shareholders.

MI Windows and Doors' Acquisition of Masco's Milgard Windows and Doors division to Benefit Both Parties, According to Freedonia Analyst

Retrieved on: 
Wednesday, October 2, 2019
Computing, Digital technology, Masco, Plymouth Township, Michigan, Door, Microsoft Windows, Rational DOORS, Window

CLEVELAND, Oct. 2, 2019 /PRNewswire/ --MI Windows and Doors, a leading US manufacturer of windows and doors, announced today that it had entered into an agreement to purchase the Milgard Windows and Doors division of Masco Corporation.

Key Points: 
  • CLEVELAND, Oct. 2, 2019 /PRNewswire/ --MI Windows and Doors, a leading US manufacturer of windows and doors, announced today that it had entered into an agreement to purchase the Milgard Windows and Doors division of Masco Corporation.
  • According to Freedonia Group industry analyst Matt Zielenski, "MI Windows and Doors' purchase of Milgard will greatly expand its operations, creating a leading US manufacturer of fenestration products, especially in the growing vinyl windows and patio doors product segments."
  • "Milgard is a leading supplier of windows and patio doors to consumers across the Western half of the US.
  • As MI Windows and Doors has significant production operations in that region of the US, this acquisition will further enhance MI Windows and Doors' ability to supply many of the West's fast-growing local construction markets."

Masco Corporation Announces Signing of Definitive Agreement to Sell Milgard Windows

Retrieved on: 
Tuesday, October 1, 2019
Architecture, Other Construction & Property, Residential Building & Real Estate, Construction & Property, Other Manufacturing, Retail, Interior design, Manufacturing, Home Goods, Masco, Plymouth Township, Michigan, Door, Livonia, Michigan, New York Stock Exchange, Companies, Economy of New York City, Michigan

Masco Corporation (NYSE: MAS), one of the worlds leading manufacturers of branded home improvement and building products, has entered into a definitive agreement to sell Milgard Windows and Doors to MI Windows and Doors for approximately $725 million.

Key Points: 
  • Masco Corporation (NYSE: MAS), one of the worlds leading manufacturers of branded home improvement and building products, has entered into a definitive agreement to sell Milgard Windows and Doors to MI Windows and Doors for approximately $725 million.
  • The closing of the sale is expected to occur during the fourth quarter of 2019, subject to customary closing conditions and regulatory review.
  • Headquartered in Livonia, Mich., Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products.
  • We leverage our powerful brands across product categories, sales channels and geographies to create value for our customers and shareholders.

Masco Corporation Announces Date for Earnings Release and Conference Call for 2019 Third Quarter

Retrieved on: 
Tuesday, September 24, 2019
Residential Building & Real Estate, Construction & Property, Manufacturing, Interior design, Other Manufacturing, Retail, Home Goods, Other Construction & Property, Masco, Plymouth Township, Michigan, Conference call

Masco Corporation (NYSE: MAS) announced today that it will hold a conference call regarding 2019 third quarter results on Wednesday, October 30, 2019 at 8:00 a.m.

Key Points: 
  • Masco Corporation (NYSE: MAS) announced today that it will hold a conference call regarding 2019 third quarter results on Wednesday, October 30, 2019 at 8:00 a.m.
  • The conference call will be hosted by Masco President and Chief Executive Officer Keith Allman.
  • The conference call will be webcast simultaneously and in its entirety through the Masco Corporation website.
  • Headquartered in Livonia, Mich., Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products.

Masco Corporation Declares Quarterly Dividend and Announces $2.0 Billion Share Repurchase Authorization

Retrieved on: 
Tuesday, September 17, 2019
Retail, Home Goods, Other Construction & Property, Construction & Property, Specialty, Financial markets, Finance, Stock market, Money, Corporate finance, Equity securities, Shareholders, Masco, Plymouth Township, Michigan, MASCOS, Share repurchase, Dividend

Masco Corporation (NYSE: MAS) announced that its Board of Directors declared a quarterly dividend of $.135 per common share, payable on November 12, 2019, to shareholders of record on October 11, 2019.

Key Points: 
  • Masco Corporation (NYSE: MAS) announced that its Board of Directors declared a quarterly dividend of $.135 per common share, payable on November 12, 2019, to shareholders of record on October 11, 2019.
  • Mascos Board of Directors has also approved a share repurchase program that authorizes the repurchase of up to an aggregate value of $2 billion of Mascos outstanding common stock.
  • The Boards authorization permits but does not obligate Masco to acquire the full $2 billion of common stock, and may be modified or suspended at any time, at Mascos discretion.
  • This authorization is effective September 18, 2019, and cancels Mascos prior share repurchase program.

Masco Corporation to Host Investor Day on September 17, 2019

Retrieved on: 
Friday, September 6, 2019
Commercial Building & Real Estate, Construction & Property, Specialty, Interior design, Home Goods, Retail, Residential Building & Real Estate, Finance, Money, Economy, Masco, Plymouth Township, Michigan, Investor relations, MASCOS, Livonia, Michigan

Masco Corporation will host an Investor Day at The Grand Hyatt New York in New York City on Tuesday, September 17, 2019 beginning at 8:30 a.m.

Key Points: 
  • Masco Corporation will host an Investor Day at The Grand Hyatt New York in New York City on Tuesday, September 17, 2019 beginning at 8:30 a.m.
  • A webcast of the event will be broadcast simultaneously on the Investor Relations section of Masco's website at www.masco.com .
  • Shareholders, media representatives and others interested in Masco may join the webcast by registering through the Investor Relations section on Mascos website.
  • Headquartered in Livonia, Mich., Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products.

Masco Corporation Announces Date for Earnings Release and Conference Call for 2019 Second Quarter

Retrieved on: 
Friday, June 28, 2019
Residential Building & Real Estate, Construction & Property, Manufacturing, Interior design, Other Manufacturing, Retail, Home Goods, Other Construction & Property, Telecommunications, Masco, Plymouth Township, Michigan, Conference call, Today, New York Stock Exchange, American television series

Masco Corporation (NYSE: MAS) announced today that it will hold a conference call regarding 2019 second quarter results on Thursday, July 25, 2019 at 8:00 a.m.

Key Points: 
  • Masco Corporation (NYSE: MAS) announced today that it will hold a conference call regarding 2019 second quarter results on Thursday, July 25, 2019 at 8:00 a.m.
  • The conference call will be hosted by Masco President and Chief Executive Officer Keith Allman.
  • The 2019 second quarter results and supplemental material will be distributed at 7:00 a.m.
  • The conference call will be webcast simultaneously and in its entirety through the Masco Corporation website.