Masco Corporation's 2Q 2020 sales decreased 4% to $1.8 billion; in local currency, sales decreased 3%. Gross margins decreased 100 basis points to 35.6% from 36.6%.
Operating profit for the 2Q 2020 decreased 2% to $339 million; adjusted operating profit decreased 1% to $344 million. Operating margin increased 30 basis points to 19.2%; adjusted operating margin increased 50 basis points to 19.5%.
Headquartered in Livonia, Michigan, Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products.
