Masco Corporation : Masco Corporation: MASCO DELIVERS STRONG GROWTH IN FOURTH QUARTER 2012

Masco Corporation : Masco Corporation: MASCO DELIVERS STRONG GROWTH IN FOURTH
                                 QUARTER 2012

             MASCO DELIVERS STRONG GROWTH IN FOURTH QUARTER 2012

Key Highlights

  oSales increased 9 percent to $1.9 billion

  oNorth American sales increased 12 percent

  oInstallation segment returned to profitability
  oAll segments contributed to an adjusted operating margin expansion of 340
    basis points

Taylor, Mich., (February 11, 2013)  - Masco Corporation (NYSE: MAS)  increased 
profit in the fourth  quarter of 2012 with  strong sales and operating  margin 
growth in  North  America,  including continued  improvement  in  Installation 
Services. All five  operating segments  delivered positive  sales growth  and 
improved operating profit for the first time since the housing downturn.

2012 Fourth Quarter Commentary

  oNet sales from continuing operations increased 9 percent to $1.9 billion,
    compared with $1.7 billion for fourth quarter 2011. North American sales
    increased 12 percent and international sales decreased 1 percent. In local
    currencies, international sales increased 2 percent compared with fourth
    quarter 2011.
  oCompared to fourth quarter 2011, results for key financial measures, as
    adjusted for certain items (see Exhibit A) and with a normalized tax rate
    of 36 percent, were as follows:
  oGross profit margins were 25.0 percent compared to 21.9 percent
  oOperating profit margins were 5.0 percent compared to 1.6 percent
  oIncome (loss) from continuing operations was $0.04 per common share
    compared to $(0.09) per common share
  oLoss from continuing operations, as reported, was $(0.23) per common share
    compared to $(1.42) per common share in the fourth quarter of 2011
  oWe ended the fourth quarter with approximately $1.4 billion of cash

2012 Fourth Quarter Operating Segment Results

  oPlumbing Products' net sales increased 10 percent, fueled by strong
    performance in North America and internationally
  oDecorative Architectural Products' net sales increased 11 percent, driven
    by growth in core products and new programs
  oNorth American Cabinetry's sales increased 13 percent and operating
    margins improved
  oInstallation and Other Services achieved profitability for the first time
    since the fourth quarter of 2008
  oOther Specialty Products' net sales increased 6 percent and segment
    margins expanded, reflecting share gains and profit improvement
    initiatives

"Our solid  fourth quarter  results reflect  the successful  execution of  our 
strategic initiatives, including  leveraging our brands,  reducing our  costs, 
improving our Installation and Cabinet segments and strengthening our  balance 
sheet," said Masco's  President and CEO,  Tim Wadhams. "Our  sales and  margin 
growth represent  strong performance  across all  of our  operating  segments, 
including a return to  profitability in our  Installation segment. We  believe 
this momentum will continue into 2013."

2012 Full-Year Commentary

  oNet sales increased 4 percent to $7.7 billion, compared to 2011. Excluding
    currency, net sales increased 5 percent
  oCompared to full-year 2011, results for key financial measures, as
    adjusted for certain items (see Exhibit B) and with a normalized tax rate
    of 36 percent, were as follows:
  oGross profit margins were 26.0 percent compared to 25.1 percent
  oOperating profit margins were 6.1 percent compared to 4.4 percent
  oIncome from continuing operations was $0.32 per common share compared to
    $0.02 per common share
  oLoss from continuing operations, as reported, was $(0.22) per common share
    compared to $(1.34) per common share in 2011

Subsequent Event

In early  February we  determined that  our Danish  ready-to-assemble  cabinet 
business is not  core to our  long-term growth strategy  and, accordingly,  we 
have commenced a plan of disposition  for this business. This business  unit 
had sales of approximately $250 million in 2012.

Outlook 2013

"We expect new home construction to show strong growth in 2013, and anticipate
repair and remodel to grow modestly, with big ticket items continuing to  lag. 
Our focus this year is to successfully execute new product programs,  improve 
profitability in  Cabinets and  Installation Services,  and expand  our  brand 
leadership positions. We  believe the  actions we  have taken  over the  past 
several years, including investing in our brands, reducing our cost  structure 
and paying  down  debt, have  strengthened  our business.  We  believe  these 
actions have positively positioned us to  take advantage of the upturn in  the 
housing cycle," said Mr. Wadhams.

About Masco

Headquartered in Taylor,  Michigan, Masco  Corporation is one  of the  world's 
leading manufacturers of home improvement and building products, as well as  a 
leading provider of services that  include the installation of insulation  and 
other building products.

The 2012 fourth quarter supplemental material, including a presentation in PDF
format, is available on the Company's website at www.masco.com.

Conference Call Details

A conference call regarding items contained  in this release is scheduled  for 
Tuesday, February 12,  2013 at  8:00 a.m. ET.  Participants in  the call  are 
asked to register five  to ten minutes  prior to the  scheduled start time  by 
dialing (877) 550-4056 and from outside the U.S. at (706) 679-3614. Please use
the conference identification  number 87003575. The  conference call will  be 
webcast simultaneously  and in  its entirety  through the  Company's  website. 
Shareholders,  media  representatives  and  others  interested  in  Masco  may 
participate in  the  webcast by  registering  through the  Investor  Relations 
section on the Company's website.

A replay of the call will be available on Masco's Web site or by phone by
dialing (855) 859-2056 and from outside the U.S. at (404) 537-3406. Please use
the conference identification number 87003575. The telephone replay will be
available approximately two hours after the end of the call and continue
through February 26, 2013.

Safe Harbor Statement

Statements contained in this  press release that reflect  our views about  our 
future performance constitute "forward-looking  statements" under the  Private 
Securities Litigation Reform Act of  1995. Forward-looking statements can  be 
identified by words such as "believe," "anticipate," "appear," "may,"  "will," 
"should,"  "intend,"   "plan,"   "estimate,"   "expect,"   "assume,"   "seek," 
"forecast," and similar  references to  future periods.  These views  involve 
risks and uncertainties that  are difficult to  predict and, accordingly,  our 
actual results  may  differ  materially  from the  results  discussed  in  our 
forward-looking statements. We caution  you against relying  on any of  these 
forward-looking statements. Our  future performance  may be  affected by  our 
reliance on new home  construction and home improvement,  our reliance on  key 
customers, the  cost and  availability of  raw materials,  shifts in  consumer 
preferences  and   purchasing   practices,   our  ability   to   improve   our 
underperforming businesses,  and  our  ability  to  maintain  our  competitive 
position in our industries. These and  other factors are discussed in  detail 
in Item 1A, "Risk Factors" in our  most recent Annual Report on Form 10-K,  as 
well as in our  Quarterly Reports on  Form 10-Q and in  other filings we  make 
with the Securities and  Exchange Commission. Our forward-looking  statements 
in this  press release  speak only  as of  the date  of this  press  release. 
Factors or events  that could cause  our actual results  to differ may  emerge 
from time to  time, and it  is not possible  for us to  predict all of  them. 
Unless required by  law, we  undertake no  obligation to  update publicly  any 
forward-looking statements as a  result of new  information, future events  or 
otherwise.

The Company believes that  the non-GAAP performance  measures and ratios  that 
are contained herein, used in managing the business, may provide users of this
financial information with additional  meaningful comparisons between  current 
results and  results  in prior  periods.  Non-GAAP performance  measures  and 
ratios should be viewed  in addition to,  and not as  an alternative for,  the 
Company's reported results under  accounting principles generally accepted  in 
the United States. Additional information  about the Company is contained  in 
the Company's  filings with  the  Securities and  Exchange Commission  and  is 
available on Masco's website at www.masco.com.

Investor / Media Contact

Maria Duey
Vice President - Investor Relations &
Corporate Communications
313.792.5500
maria_duey@mascohq.com

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