Masco (MAS) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter improved sequentially but declined compared to the same period last year. The company reported higher revenue than the immediately preceding quarter, though the year-over-year figure remained lower.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter improved sequentially but declined compared to the same period last year. The company reported higher revenue than the immediately preceding quarter, though the year-over-year figure remained lower.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.9B
Revenue reported for this quarter.
Quarter-over-quarter
+2.3%
Change from the immediately preceding quarter.
Year-over-year
-2.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.9B
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, 2023 | $2.1B | -9.6% |
| Sep 30, 2023 | $2B | -10.2% |
| Dec 31, 2023 | $1.9B | -2.1% |
| Mar 31, 2024 | $1.9B | -2.7% |
Revenue performance
The revenue increased from the prior quarter, reflecting a sequential improvement. However, on an annual basis, revenue was down from the same quarter one year earlier.
Quarterly comparison
Compared to the immediately preceding quarter, revenue rose. In contrast, when measured against the same quarter a year ago, revenue was lower.
What to watch
Given the mixed quarterly trend, monitor whether the sequential improvement can sustain against the year-over-year decline in coming periods.