Masco sales decline not as bad as feared

LIVONIA—Masco Corp., the manufacturer of home improvement and building products, announced that its second quarter sales slump won’t be as bad as the company had feared.

Masco officials said they now expect second quarter sales to drop 8 percent vs. the same quarter in 2019, compared to a previously announced anticipated sales decrease of 15 to 20 percent. Both figures exclude the effects of currency translations.

Second quarter sales in the Plumbing Products segment are expected to be down approximately 19 percent excluding currency, and in the Decorative Architectural Products segment sales are expected to increase approximately 6 percent.

Masco’s brands include Behr paint, Delta and Hansgrohe faucets, bath, and shower fixtures, Kichler decorative and outdoor lighting, and HotSpring spas.

More at www.masco.com.

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