Masco (MAS) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter increased compared to the immediately preceding period but declined relative to the same quarter one year earlier. The company reported a sequential improvement, yet the year-over-year comparison showed a decrease.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter increased compared to the immediately preceding period but declined relative to the same quarter one year earlier. The company reported a sequential improvement, yet the year-over-year comparison showed a decrease.
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
+8.6%
Change from the immediately preceding quarter.
Year-over-year
-1.7%
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 |
|---|---|---|
| Sep 30, 2023 | $2B | -10.2% |
| Dec 31, 2023 | $1.9B | -2.1% |
| Mar 31, 2024 | $1.9B | -2.7% |
| Jun 30, 2024 | $2.1B | -1.7% |
Revenue performance
The reported revenue moved higher from the prior quarter, reflecting a positive short-term trend. However, the top line remained below the level achieved in the corresponding period of the prior year.
Quarterly comparison
Compared with the immediately preceding quarter, revenue grew strongly. In contrast, when measured against the same quarter one year ago, revenue was lower.
What to watch
Monitor whether the sequential revenue momentum can offset the lingering year-over-year headwinds in coming quarters.