Masco (MAS) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter rose sequentially but fell compared to the same period last year. The sequential increase reversed the decline observed in the prior quarter.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter rose sequentially but fell compared to the same period last year. The sequential increase reversed the decline observed in the prior quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.1B
Revenue reported for this quarter.
Quarter-over-quarter
+7.5%
Change from the immediately preceding quarter.
Year-over-year
-9.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.2B
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 |
|---|---|---|
| Sep 30, 2022 | $2.2B | +0.0% |
| Dec 31, 2022 | $1.9B | -4.9% |
| Mar 31, 2023 | $2B | -10.1% |
| Jun 30, 2023 | $2.1B | -9.6% |
Revenue performance
The company's quarterly revenue increased from the immediately preceding quarter, signaling a recovery from the prior period's downturn.
Quarterly comparison
Compared to the previous quarter, revenue improved, but compared to the same quarter a year ago, revenue was lower.
What to watch
The decline in cash and cash investments from year-end levels, with a significant portion held by foreign subsidiaries, is worth monitoring.