2024-02-20 01:17:14 ET
Summary
- Masco's 4Q23 performance reinforces buy rating as demand stabilizes and management executes well, leading to market share gains.
- Management expects sales to improve sequentially throughout FY24, with the plumbing segment outgrowing the industry and driving margin expansion.
- I believe MAS is on track for positive growth in FY24 if conditions improve, with potential for margin expansion and volume gains.
Summary
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Masco Corp.: Reiterate Buy Rating As Q4 2023 Results Showed Further Signs Of Recovery