Masco Corporation (MAS) Q1 2023 Earnings Call Transcript

Masco Corporation (NYSE:MAS) Q1 2023 Earnings Conference Call April 26, 2023 8:00 AM ET

Company Participants

David Chaika - Vice President, Treasurer and Investor Relations

Keith Allman - President and Chief Executive Officer

John Sznewajs - Vice President and Chief Financial Officer

Conference Call Participants

Matthew Bouley - Barclays

John Lovallo - UBS

Michael Dahl - RBC Capital Markets

Michael Rehaut - JPMorgan

Adam Baumgarten - Zelman & Associates

Susan Maklari - Goldman Sachs

Keith Hughes - Truist

Stephen Kim - Evercore ISI

Timothy Wojs - Baird

Truman Patterson - Wolfe Research

Philip Ng - Jefferies

Operator

Good morning, ladies and gentlemen. Welcome to Masco Corporation's First Quarter 2023 Conference Call. My name is Michelle, and I will be your operator for today's call. As a reminder, today's conference call is being recorded for replay purposes. [Operator Instructions]

I would now like to turn the call over to David Chaika, Vice President, Treasurer and Investor Relations. Please go ahead sir.

David Chaika

Thank you, Michelle, and good morning. Welcome to Masco Corporation's 2023 first quarter conference call. With me today are Keith Allman, President and CEO of Masco; and John Sznewajs, Masco's Vice President and Chief Financial Officer.

Our first 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 have 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'll now turn the call over to Keith.

Keith Allman

Thank you, Dave. Good morning, everyone, and thank you for joining us today. Please turn to Slide 5. I'm pleased with the start of our year and want to thank our employees and supplier-partners for executing well in an environment that remains challenging. We are focused on winning in the recovery by continuing to engage with our customers, launch new products and expand the breadth of our brands, at the same time, managing our costs in these uncertain economic times.