Masco expects 1Q earnings increase
By Furniture Today Staff -- Furniture Today, April 7, 2002
TAYLOR, Mich. — Home products giant Masco Corp., parent of ready-to-assemble furniture makers Mill's Pride, Tvilum-Scanbirk and d-Scan, expects first-quarter earnings to be about 30 cents per share, up from first-quarter 2001 earnings of 25 cents per share.
Richard Manoogian, Masco's chairman and chief executive officer, said an improvement in sales and incoming orders which began in the fourth quarter of 2001 has continued into March, adjusted for two fewer shipping days in the month compared with last year.
January and February internal sales growth, excluding acquisitions and divestitures, was about 10% in North America and 8% worldwide.
"If present positive sales and economic trends continue, Masco also expects that full year 2002 earnings should at least be at the higher end of the previously announced range of $1.40 to $1.45 per common share," Manoogian said.
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Masco raises 3Q earnings prediction
Sep 28, 2003 -
Masco posts 9.4% 2Q sales increase
Aug 21, 2005 -
Masco profits surge 37.5% in 1st qtr.
May 22, 2005 -
Masco's 3Q earnings take hit
Nov 20, 2005 -
Masco's 1Q profits rise 30.6%
May 12, 2002
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