Masco Corporation (NYSE:MAS) Q2 2024 Earnings Conference Call July 25, 2024 8:00 AM ET

Company Participants

Robin Zondervan - Vice President of Investor Relations/FP&A
Keith Allman - President & Chief Executive Officer
Rick Westenberg - Vice President & Chief Financial Officer

Conference Call Participants

Matthew Bouley - Barclays
Stephen Kim - Evercore ISI
John Lovallo - UBS
Adam Baumgarten - Zelman & Associates
Anthony Pettinari - Citigroup
Sam Reid - Wells Fargo
Susan Maklari - Goldman Sachs
Keith Hughes - Truist

Operator

Good morning ladies and gentlemen. Welcome to Masco Corporation's Second Quarter Conference Call. My name is Ludy [ph] and I'll be your operator for today's call. As a reminder, today's conference call is being recorded for replay purposes. [Operator Instructions]

I will now turn the call over to Robin Zondervan, Vice President, Investor Relations and FP&A of Masco Corp. You may begin.

Robin Zondervan

Thank you, operator and good morning, everyone. Welcome to Masco Corporation's 2024 second quarter conference call. With me today are Keith Allman, President and CEO of Masco; and Rick Westenberg, Masco's Vice President and Chief Financial Officer. Our second quarter earnings release and the presentation slides are available on our website under Investor Relations. Following our remarks, we will open the call for analyst questions. Please limit yourself to one question with one follow-up. If we can't take your question now, please call me directly at 313-792-5500.

Our statements today will include our views about our future performance which constitute forward-looking statements. These statements are subject to risks and uncertainties that could cause our actual results to differ materially from the forward-looking statements. We described these risks and uncertainties in our risk factors and other disclosures in our Form 10-K and our Form 10-Q that we filed with the Securities and Exchange Commission. Our statements will also include non-GAAP financial metrics. Our references to operating profit and earnings per share will be as adjusted unless otherwise noted. We reconcile these adjusted metrics to GAAP in our earnings release and presentation slides which are available on our website under Investor Relations.

With that, I will now turn the call over to Keith.

Keith Allman

Thank you, Robin. Good morning, everyone and thank you for joining us today. As we sit here midway through the year, I'm pleased with our performance. Despite a challenging macroeconomic environment, we have delivered solid financial results with our continued focus on operational excellence, brand, service and innovation. Additionally, the strength of our repair and remodel oriented product portfolio has enabled us to drive operating profit margin expansion in the first half of the year, better than we expected despite a decrease in sales.