Slide 1: First Quarter 2026 Earnings Presentation
First Quarter 2026 Earnings Presentation April 22, 2026
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains statements that reflect our views about our future performance and constitute “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “outlook,” “believe,”
Slide 3: Agenda
Agenda 1 Summary of Results Jon Nudi 2 Financial / Operations Review Rick Westenberg 3 Q&A Jon Nudi Rick Westenberg 3
Slide 4: Summary of Results
1 Summary of Results Jon Nudi 4
Slide 5: Q1 2026 Review
Q1 2026 Review Top line increased 6%, or 4% excluding the favorable impact of currency Grew adjusted gross margin 10 bps to 36.0% Expanded adjusted operating profit margin 90 bps to 16.9% Achieved adjusted EPS growth of 20% to $1.04 per share Repurchased 3.1 million shares for $202 million For adjus
Slide 6: Financial / Operations Review
2 Financial / Operations Review Rick Westenberg 6
Slide 7: Masco Corporation Quarter Highlights
Masco Corporation First Quarter Quarter Highlights 2026 ($ in Millions, except EPS) • Total company sales increased 6%, or Revenue $1,918 4% excluding the favorable impact of Y-O-Y Change 6% currency • In local currency, North American sales Operating Profit* $324 increased 5% Y-O-Y Change $36 • In
Slide 8: Plumbing Products Segment
Plumbing Products Segment Quarter Highlights First Quarter 2026 ($ in Millions) • Total segment sales increased 9%, or 7% excluding the favorable impact of currency Revenue $1,364 • In local currency, North American sales Y-O-Y Change 9% increased 9% Operating Profit* $250 • In local currency, Inter
Slide 9: Decorative Architectural Products Segment
Decorative Architectural Products Segment Quarter Highlights First Quarter 2026 • Total segment sales were in line with prior ($ in Millions) year Revenue $554 • PRO paint increased mid-single digits Y-O-Y Change —% • DIY paint decreased low single digits Operating Profit* $105 • Operating profit dr
Slide 10: Strong Balance Sheet
Strong Balance Sheet Masco Corporation Balance Sheet Metrics as of March 31, 2026 Cash and cash investments $388M Revolver availability $873M Total liquidity $1,261M Gross debt to EBITDA1 2.1x Working capital as a % of sales1 19.5% 1. See Appendix for reconciliation. 10
Slide 11: Full Year 2026 Outlook
Full Year 2026 Outlook 2026 Forecasted Adjusted EPS $4.10 - $4.30 11 11
Slide 12: Q&A
3 Q&A Jon Nudi Rick Westenberg 12
Slide 13: Appendix
ra O Cc © oF oY L MASCO
Slide 14: 2026 Assumptions
2026 Assumptions Item Assumption Tax rate 24.5% Rationalization charges ~$50m General corporate expense ~$110m Interest and other expense ~$115m Capital expenditures (includes maintenance capex of ~$75m) ~$190m Depreciation and amortization1 ~$160m Favorable foreign currency translation impact to sa
Slide 15: Capital Allocation Strategy
Capital Allocation Strategy Balanced Approach to Continue to Drive Shareholder Value 1 Reinvest in the Business • • Capex: 2-2.5% of sales Target working capital: ~16.5% of sales 2 Maintain investment grade credit rating • Target gross debt to EBITDA below 2.5x 3 Maintain relevant dividend • • Targe
Slide 16: Long-Term Outlook
Low ticket, repair and remodel products provide LONG-TERM OUTLOOK growth and stability through an economic cycle Average annual sales growth • Organic: ~3-5% • Acquisition: ~1-3% Market-leading brands, Operating profit margin history of innovation, • Expand margins through cost productivity and volu
Slide 17: 2025 Segment Mix
2025 Segment Mix* Total Geographic Business Segment 2025 Revenue R&R% vs. NC NA% v. Int’l Revenue Split Plumbing Products $5.2B 84% 69% Decorative Architectural $2.4B 100% 100% Products Total Company $7.6B 89% 79% R&R = % of sales to repair NA = % of sales within and remodel channels North America N
Slide 18: 2025 Channel Mix
2025 Channel Mix* 2025 Channel Mix as a Percentage of Sales Plumbing Decorative Architectural Total Channel Products Products Masco Retail 20% 96% 45% Wholesale/Trade/Dealer 49% 3% 34% E-commerce 20% 1% 13% Specialty Dealer/Other 11% 0% 8% *Based on Company estimates. 18
Slide 19: Profit Reconciliations – First Quarter
Profit Reconciliations – First Quarter ($ in Millions) Q1 2026 Q1 2025 Net sales $ 1,918 $ 1,801 Gross profit, as reported $ 686 $ 644 Rationalization charges 5 2 Gross profit, as adjusted $ 690 $ 646 Gross margin, as reported 35.8 % 35.8 % Gross margin, as adjusted 36.0 % 35.9 % Selling, general an
Slide 20: EPS Reconciliation – First Quarter
EPS Reconciliation – First Quarter ($ in Millions, Except per Common Share Data) Q1 2026 Q1 2025 Income before income taxes, as reported $ 291 $ 254 Rationalization charges 8 2 Realized losses from private equity funds, net — 5 Income before income taxes, as adjusted $ 300 $ 261 Tax at 24.5% rate (7
Slide 21: EPS Outlook Reconciliation
EPS Outlook Reconciliation 2026 Low End High End Net income per common share $ 3.91 $ 4.11 Rationalization charges 0.19 0.19 Net income per common share, as adjusted $ 4.10 $ 4.30 Amounts may not add due to rounding. 21
Slide 22: Gross Debt to EBITDA Reconciliation
Gross Debt to EBITDA Reconciliation ($ in Millions) March 31, 2026 Debt $ 3,074 ($ in Millions) TTM March 31, 2026 Operating profit, as reported $ 1,279 Rationalization charges 24 Impairment charge for other intangible assets 5 Operating profit, as adjusted $ 1,308 Depreciation and amortization 151
Slide 23: Working Capital as a % of Sales
Working Capital as a % of Sales As Reported ($ in Millions) March 31, 2026 Receivables $ 1,320 Inventories 1,068 Less: Accounts payable (894) Working capital $ 1,494 Net sales (last 12 months) $ 7,679 Working capital as a % of sales 19.5 % Amounts may not add due to rounding. 23