Masco

Masco Corporation stands as a global powerhouse in the home improvement and building products industry, with a rich heritage spanning nearly a century since its founding in 1929 during the depths of the Great Depression. Headquartered in Livonia, Michigan, Masco has evolved from a small automotive parts manufacturer into one of the world's most recognized suppliers of branded building products, generating $8.6 billion in net sales during fiscal year 2024 and employing approximately 26,000 people across operations spanning North America, Europe, and other international markets. As a member of the S&P 500 Index and Fortune 500, Masco has built its success on a portfolio of iconic brands that homeowners, contractors, architects, and builders trust for quality, innovation, and design excellence in creating beautiful, functional living spaces.

The company's business model centers on two primary operating segments that address distinct but complementary aspects of home construction and renovation. The Plumbing Products segment represents a core strength, manufacturing and distributing faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, and spa products under premium brands including Delta Faucet Company (North America's leading faucet brand), Hansgrohe (German luxury faucet and shower systems), Brizo (designer faucets), Peerless, and HotSpring Spas (the world's leading spa manufacturer). This segment serves both residential and commercial markets through multiple distribution channels including wholesalers, home centers, mass merchandisers, hardware stores, and direct-to-consumer platforms. The Decorative Architectural Products segment, anchored by Behr paint (one of North America's leading paint brands sold exclusively through The Home Depot), produces and distributes paints, stains, primers, and specialty coatings for both do-it-yourself and professional painter customers. Behr's Pro paint annual sales exceeded $900 million in 2024, representing over 70% growth since 2020, demonstrating the brand's strong momentum in the professional contractor segment.

Masco's strategic evolution reflects disciplined portfolio management and focus on higher-margin, branded consumer products. The company's storied history includes the transformative invention of the single-handle faucet by founder Alex Manoogian in 1954, which revolutionized the plumbing industry and became the foundation for the Delta Faucet brand. Under the leadership of Alex's son Richard Manoogian, who served as CEO from 1968 to 2007, Masco pursued aggressive but disciplined expansion through strategic acquisitions, building a diversified portfolio spanning cabinetry (KraftMaid, Merillat), windows and doors (Milgard), and numerous other building product categories. However, recognizing changing market dynamics and the opportunity to concentrate on core competencies, Masco made the strategic decision in 2019 to exit the cabinet and windows businesses, completing the $1 billion divestiture of its cabinetry operations in 2020. This portfolio rationalization positioned Masco as a more focused, higher-margin company concentrated on plumbing products and decorative architectural products where it holds market-leading positions and strong brand equity.

In 2025, Masco announced a significant leadership transition with the appointment of Jonathon Nudi as President and CEO effective July 7, 2025, succeeding Keith Allman who retired after guiding the company through its strategic transformation. Nudi brings 30 years of experience from General Mills, where he most recently served as Group President overseeing the company's three largest growth segments, and he joined Masco's Board of Directors in 2023, providing continuity and fresh perspective. Despite macroeconomic headwinds including softening residential construction demand, Masco demonstrated operational resilience in Q2 2025 with operating profit margin expanding 110 basis points to 20.1% even as net sales declined 2% to $2.051 billion, showcasing the company's operational excellence and pricing power. Looking forward, management restored 2025 guidance expecting adjusted earnings per share between $3.90 to $4.10, supported by infrastructure and repair/remodel demand that should offset new construction softness. With a culture emphasizing integrity, customer focus, innovation, excellence, teamwork, and respect for people—reinforced by over $6 million donated through the Masco Million Differences Diversity, Equity & Inclusion program from 2018-2023—Masco Corporation positions itself as a trusted partner for homeowners and professionals seeking to create better living possibilities through quality building products that enhance homes, communities, and quality of life.