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Masco jumps 12% on earnings beat, remodeling demand improves

2026-04-23 08:29:26

Masco Corporation saw its stock jump 12.6% after reporting strong first-quarter earnings that surpassed analyst expectations, driven by pricing actions and cost savings. The company also reaffirmed its full-year 2026 guidance and noted improving demand signals in the home remodeling market, despite a challenging housing backdrop. Structural factors like high home equity and an aging housing stock are cited as underlying support for repair and remodel activity.

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