TITLE

Masco 3Q sales drop 6.7% as net income plunges 18.6%

PUB. DATE
November 2007
SOURCE
Furniture/Today;11/12/2007, Vol. 32 Issue 10, p38
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the financial performance of Masco Corp. for the third-quarter of 2007. In the said quarter, the company's sales were 6.7% below compared to the sales outcome in 2006 due to the continued decline of the housing industry. Also, the firm's revenues decreased to $3.06 from 2006's $3.28 as well as its net income which amounted to $205 million, an 18.6% drop. Tim Wadhams, chief executive officer at Masco, believes that the firm could improve its return and cash flow in 2008.
ACCESSION #
28001115

 

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