Masco Affirms 2018 Earnings Outlook - Quick Facts

(RTTNews) - Masco Corp. (MAS) on Tuesday affirmed its earnings outlook for the full-year 2018 in the range of $2.36 to $2.51 per share, and adjusted earnings in the range of $2.48 to $2.63 per share.

On average, 24 analysts polled by Thomson Reuters expect the company to earn $2.57 per share for the year. Analysts' estimates usually exclude special items.

The company also announced the completion of the acquisition of The L.D. Kichler Co. for about $550 million and returned about $183 million to shareholders through dividends and share repurchases.

For the first quarter, earnings increased to $0.47 per share from last year's $0.43 per share. Adjusted earnings were $0.45 per share, compared to $0.40 per share a year ago. Net sales increased 8 percent to $1.92 billion and increased 5 percent in local currency.