Masco Corporation (MAS) CEO Keith Allman On Q1 2022 Results - Earnings Call Transcript

Masco Corporation (NYSE:MAS) Q1 2022 Earnings Conference Call April 27, 2022 8:00 AM ET

Company Participants

David Chaika - Vice President, Treasurer & IR

Keith Allman - President & CEO

John Sznewajs - Vice President & CFO

Conference Call Participants

Stephen Kim - Evercore ISI

Matthew Bouley - Barclays

John Lovallo - UBS

Mike Dahl - RBC Capital Markets

Michael Rehaut - JP Morgan

Susan Maklari - Goldman Sachs

Deepa Raghavan - Wells Fargo Securities

Keith Hughes - Truist Securities

Garik Shmois - Loop Capital

Adam Baumgarten - Zelman & Associates

Phil Ng - Jefferies

Truman Patterson - Wolfe Research

Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on this page. Timestamps within the transcript are designed to help you navigate the audio should the corresponding text be unclear. The machine-assisted output provided is partly edited and is designed as a guide.

Operator

00:04 Good morning, ladies and gentlemen. Welcome to Masco Corporation's First Quarter 2022 Conference Call. My name is Mary 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]

00:34 I will now turn the call over to David Chaika, Vice President, Treasurer and Investor Relations. You may begin.

David Chaika

00:41 Thank you, Mary and good morning. Welcome to Masco Corporation's 2022 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.

01:17 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 describe 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.

01:40 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.