Slide 1: Second Quarter 2026 Earnings Presentation
Second Quarter 2026 Earnings Presentation July 29, 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: Q2 2026 New Products and Recognitions
Q2 2026 New Products and Recognitions 5th Straight Year Delta LineaxTM Bath Collection Newport Brass Pardees® Kitchen Collection Brizo FaircroftTM Kitchen Collection - New Unlacquered Brass Finish 5
Slide 6: Q2 2026 Review
Q2 2026 Review Top line decreased 3% Adjusted gross margin increased to 43.8% Adjusted operating profit grew 17% and operating margin expanded to 24.2% Delivered adjusted EPS of $1.64 per share, an increase of 26% Returned $454M to shareholders through dividends and share repurchases Increased antic
Slide 7: Financial / Operations Review
2 Financial / Operations Review Rick Westenberg 7
Slide 8: Masco Corporation Second Quarter 2026 Quarter Highlights
Masco Corporation Second Quarter Quarter Highlights 2026 ($ in Millions, except EPS) • Total company sales decreased 3%; Revenue $1,992 currency had a minimal impact Y-O-Y Change (3)% • In local currency, North American sales decreased 5% and was impacted by Operating Profit* $482 strategic investme
Slide 9: Plumbing Products Segment
Plumbing Products Segment Quarter Highlights Second Quarter 2026 ($ in Millions) • Total segment sales decreased 3%; currency had a minimal impact Revenue $1,337 Y-O-Y Change (3)% • In local currency, North American sales decreased 6% and was impacted by strategic investments Operating Profit* $361
Slide 10: Decorative Architectural Products Segment
Decorative Architectural Products Segment Quarter Highlights Second Quarter 2026 • Total segment sales decreased 4% ($ in Millions) • PRO paint increased mid-single digits Revenue $655 Y-O-Y Change (4)% • DIY paint decreased high single digits and was impacted by the customer transition of our prime
Slide 11: Strong Balance Sheet
Strong Balance Sheet Masco Corporation Balance Sheet Metrics as of June 30, 2026 Cash and cash investments $548M Revolver availability $1,000M Total liquidity $1,548M Gross debt to EBITDA1 2.1x Working capital as a % of sales1 19.8% 1. See Appendix for reconciliation. 11
Slide 12: Full Year 2026 Outlook
Full Year 2026 Outlook 2026 Forecasted Adjusted EPS $4.40 - $4.60, up from our previous guidance of $4.10 - $4.30 April Earnings Call ~18% ~19% ~17% 12 12
Slide 13: Q&A
3 Q&A Jon Nudi Rick Westenberg 13
Slide 14: Appendix
as O Cc o or or << MASCO
Slide 15: 2026 Assumptions
2026 Assumptions Item Assumption Tax rate 24.5% Rationalization charges ~$50M General corporate expense ~$120M Interest and other expense ~$115M Capital expenditures ~$190M (includes maintenance capex of ~$75m) Depreciation and amortization1 ~$160M Favorable foreign currency translation impact to sa
Slide 16: Capital Allocation Strategy
Capital Allocation Strategy Balanced Approach to Continue to Drive Shareholder Value • Capex: 2-2.5% of sales 1 Reinvest in the Business • 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 17: Long-Term Outlook
Low ticket, repair and remodel products provide LONG-TERM OUTLOOK growth and stability through Average annual sales growth an economic cycle • Organic: ~3-4% • Continuing to pursue bolt on acquisitions Market-leading brands, Operating profit margin history of innovation, • Expand margins through cos
Slide 18: 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 $7.6B 89% 79% R&R = % of sales to repair NA = % of sales within and remodel channels North America N
Slide 19: 2025 Channel Mix
2025 Channel Mix* 2025 Channel Mix as a Percentage of Sales Plumbing Decorative Architectural Total Channel Products Products Masco Retail 20% 96% 45% Wholesale/Trade/Dealer 49% 3% 34% E-commerce 20% 1% 13% Specialty Dealer/Other 11% 0% 8% *Based on Company estimates. 19
Slide 20: Non-GAAP Financial Measures
Non-GAAP Financial Measures This presentation contains both U.S. generally accepted accounted principles (“GAAP”) and certain non-GAAP financial measures. Reconciliations of these non-GAAP measures to the most directly comparable GAAP measures are included in the following slides. We believe that ce
Slide 21: Profit Reconciliations – Second Quarter
Profit Reconciliations – Second Quarter ($ in Millions) Q2 2026 Q2 2025 Net sales $ 1,992 $ 2,051 Gross profit, as reported $ 868 $ 772 Rationalization charges 5 1 Gross profit, as adjusted $ 872 $ 774 Gross margin, as reported 43.6 % 37.6 % Gross margin, as adjusted 43.8 % 37.7 % Selling, general a
Slide 22: EPS Reconciliation – Second Quarter
EPS Reconciliation – Second Quarter ($ in Millions, Except per Common Share Data) Q2 2026 Q2 2025 Income before income taxes, as reported $ 440 $ 378 Rationalization charges 12 2 Income before income taxes, as adjusted $ 452 $ 380 Tax at 24.5% rate (111) (93) Less: Net income attributable to noncont
Slide 23: EPS Outlook Reconciliation
EPS Outlook Reconciliation 2026 Low End High End Net income per common share $ 4.21 $ 4.41 Rationalization charges 0.19 0.19 Net income per common share, as adjusted $ 4.40 $ 4.60 Amounts may not add due to rounding. 23
Slide 24: Gross Debt to EBITDA Reconciliation
Gross Debt to EBITDA Reconciliation ($ in Millions) June 30, 2026 Debt $ 3,247 ($ in Millions) TTM June 30, 2026 Operating profit, as reported $ 1,337 Rationalization charges 35 Impairment charge for other intangible assets 5 Operating profit, as adjusted $ 1,377 Depreciation and amortization 152 EB
Slide 25: Working Capital as a % of Sales
Working Capital as a % of Sales As Reported ($ in Millions) June 30, 2026 Receivables $ 1,342 Inventories 1,060 Less: Accounts payable (890) Working capital $ 1,512 Net sales (last 12 months) $ 7,620 Working capital as a % of sales 19.8 % Amounts may not add due to rounding. 25