Masco (MAS) Revenue — Quarter Ended Mar 31, 2023
Revenue increased from the prior quarter, continuing a sequential recovery. However, it declined compared with the same period last year, reflecting a year-over-year contraction.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue increased from the prior quarter, continuing a sequential recovery. However, it declined compared with the same period last year, reflecting a year-over-year contraction.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2B
Revenue reported for this quarter.
Quarter-over-quarter
+2.9%
Change from the immediately preceding quarter.
Year-over-year
-10.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $2.4B | +7.9% |
| Sep 30, 2022 | $2.2B | +0.0% |
| Dec 31, 2022 | $1.9B | -4.9% |
| Mar 31, 2023 | $2B | -10.1% |
Revenue performance
The quarter marked a rebound in revenue after the decrease seen in the immediately preceding period, indicating some stabilization.
Quarterly comparison
Compared with the prior quarter, revenue improved, reversing the decline from the previous period. On a year-over-year basis, revenue fell, consistent with the broader downward trend seen in recent quarters.
What to watch
Given the mixed signals of sequential growth and annual decline, monitor whether the positive quarter-over-quarter momentum can be sustained.