LIVONIA, Mich. - Masco Corporation (NYSE: MAS), a global leader in the home improvement and building products industry with a market capitalization of $15.6 billion, announced the appointment of Jonathon Nudi as its new President and Chief Executive Officer, effective July 7, 2025. Nudi will take over from Keith Allman, who is set to retire after a 27-year tenure with the company, including 11 years in his current roles. According to InvestingPro analysis, the company maintains a "GOOD" financial health score, suggesting strong operational fundamentals heading into this leadership transition.
Allman expressed his gratitude for the opportunity to lead Masco, highlighting the company’s achievements in brand building, global expansion, and delivering shareholder value under his leadership. Under his tenure, the company has maintained dividend payments for 55 consecutive years and raised dividends for 11 straight years, demonstrating consistent shareholder returns. He praised Nudi’s strategic vision and commitment to innovation, confident that Masco’s team will thrive with Nudi at the helm.
Nudi, who joined Masco’s Board of Directors in June 2023, brings extensive experience from a 30-year career at General Mills, where he held various leadership positions, including Group President of its largest growth segments. His track record at General Mills demonstrates his ability to drive growth and market share gains in competitive industries.
Lisa Payne, Chair of the Masco Board, commended Nudi’s strategic and operational expertise, affirming the Board’s confidence in his leadership to advance the company’s initiatives and leverage its leading brands for continued growth and shareholder value creation. She also expressed profound appreciation for Allman’s leadership and contributions to Masco’s resilience and growth.
Nudi shared his enthusiasm for leading Masco and his commitment to building upon the company’s reputation in the home improvement and building products industries. He aims to enhance consumer experiences and create lasting value for shareholders.
Masco, headquartered in Livonia, Michigan, is known for its portfolio of industry-leading brands such as Behr® paint, Delta® and hansgrohe® faucets, Liberty® hardware, and HotSpring® spas. The company’s strategic focus is on leveraging its brand strength across product categories, sales channels, and geographies.
The announcement is based on a press release statement and comes with a cautionary note on forward-looking statements, which involve risks and uncertainties that could cause actual results to differ from projected performance.
Investors and stakeholders of Masco Corporation can anticipate a transition in leadership with Nudi’s appointment, as the company continues to navigate the competitive landscape of the home improvement and building products market. With analysts forecasting EPS of $4.30 for FY2025 and the company maintaining strong liquidity with current assets exceeding short-term obligations, Masco appears well-positioned for future growth. For detailed analysis and additional insights, including 10 key ProTips about Masco’s performance and outlook, visit InvestingPro, where you’ll find comprehensive research reports and expert financial analysis.
In other recent news, Masco Corporation reported its fourth-quarter results, revealing a revenue decline of 3% year-over-year to $1.83 billion, which fell short of the $1.84 billion expectations. However, the company managed to slightly exceed earnings projections with adjusted earnings per share of $0.89, surpassing the consensus estimate of $0.88. For the full year 2024, Masco’s net sales were $7.83 billion, marking a 2% decrease from 2023, while adjusted earnings per share rose 6% to $4.10. Looking forward, Masco forecasts 2025 earnings per share between $4.20 and $4.45, exceeding the $4.09 analyst consensus, despite incorporating the impact of recent China tariffs.
Citi analyst Anthony Pettinari adjusted Masco’s stock price target to $78 from $77, maintaining a Neutral rating. The company’s guidance for its plumbing segment anticipates a 0-3% increase in top-line revenue, slightly below the consensus expectation of a 3% rise. Pettinari noted that recent tariffs are expected to influence second-quarter price and cost dynamics, but Masco anticipates a positive full-year price-to-cost scenario. The Decorative Architectural segment is projected to have steady year-over-year sales, with anticipated margin expansion due to the divestiture of Kichler. Despite these developments, sluggish demand in the plumbing segment and tepid DIY Paint activity are areas of concern.
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