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MarketScreener Homepage  >  Equities  >  Nyse  >  Masco Corporation    MAS

MASCO CORPORATION

(MAS)
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Masco Corporation : Enters Into an Agreement to Acquire Majority Stake in Easy Sanitary Solutions B.V.

11/10/2020 | 09:28am EST

Masco Corporation (NYSE: MAS), one of the world’s leading manufacturers of branded home improvement and building products, announced today that its majority-owned subsidiary Hansgrohe SE has entered into an agreement to purchase a majority stake in the Dutch company Easy Sanitary Solutions (ESS) B.V. headquartered in Oldenzaal, The Netherlands. ESS is the inventor, developer and manufacturer of Easy Drain shower channels and offers a wide range of products for barrier-free showering and bathroom wall niches. ESS will operate as a subsidiary of Hansgrohe SE.

Terms of the transaction were not disclosed, and the agreement contains customary representations, warranties, and covenants. The closing of the sale is expected to occur during the first quarter of 2021, subject to customary closing conditions and regulatory review.

About Masco

Headquartered in Livonia, Michigan, Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Our portfolio of industry-leading brands includes Behr® paint; Delta® and Hansgrohe® faucets, bath and shower fixtures; Kichler® decorative and outdoor lighting; and HotSpring® spas. We leverage our powerful brands across product categories, sales channels and geographies to create value for our customers and shareholders. For more information about Masco Corporation, visit www.masco.com.


© Business Wire 2020
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Financials (USD)
Sales 2020 7 113 M - -
Net income 2020 818 M - -
Net Debt 2020 1 381 M - -
P/E ratio 2020 16,8x
Yield 2020 0,98%
Capitalization 14 611 M 14 611 M -
EV / Sales 2020 2,25x
EV / Sales 2021 2,17x
Nbr of Employees 22 000
Free-Float 99,7%
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Technical analysis trends MASCO CORPORATION
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TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 65,06 $
Last Close Price 56,09 $
Spread / Highest target 26,6%
Spread / Average Target 16,0%
Spread / Lowest Target -1,94%
EPS Revisions
Managers and Directors
NameTitle
Keith J. Allman President, Chief Executive Officer & Director
J. Michael Losh Chairman
John G. Sznewajs Chief Financial Officer & Vice President
Richard A. Manoogian Chairman-Emeritus
Lisa A. Payne Independent Director
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