MASCO 2023 10-K: Financials Filed, Operations Detailed

TL;DR

**Masco's 2023 10-K is out, giving a full financial picture for the past year.**

AI Summary

Masco Corp's 10-K filing for the fiscal year ended December 31, 2023, indicates a period of financial activity, with key figures like a reported gross profit and operating income. The company, a major player in heating equipment and plumbing fixtures, filed this report on February 8, 2024. This matters to investors because it provides a detailed look into the company's financial health and operational performance over the past year, influencing future stock valuation and dividend potential.

Why It Matters

This filing offers transparency into Masco's financial performance, allowing investors to assess its profitability and stability, which directly impacts stock price and investment decisions.

Risk Assessment

Risk Level: medium — The filing provides standard financial disclosures, and without specific adverse events highlighted, the risk is moderate for a well-established company.

Analyst Insight

Investors should review the detailed financial statements within the full 10-K to understand Masco's revenue, expenses, and overall profitability for 2023, as this summary only provides high-level filing details.

Key Numbers

• 2023-12-31 — Fiscal Year End (The date Masco Corp's fiscal year concluded, for which this 10-K reports.)
• 2024-02-08 — Filing Date (The date the 10-K was officially filed with the SEC.)
• 144 — Public Document Count (The total number of documents included in this filing.)
• 001-05794 — SEC File Number (The unique identifier for Masco Corp's filings with the SEC.)
• 3430 — Standard Industrial Classification (SIC) (Masco Corp's primary industry code, indicating 'Heating Equip, Except Elec & Warm Air & Plumbing Fixtures'.)

Key Players & Entities

• MASCO CORP /DE/ (company) — the filer of the 10-K
• December 31, 2023 (date) — the conformed period of report end date
• February 8, 2024 (date) — the filed as of date
• 0000062996 (company) — Central Index Key (CIK) for Masco Corp
• 17450 COLLEGE PARKWAY (address) — Masco Corp's business and mail street address

Forward-Looking Statements

• Masco Corp will continue to operate primarily within the heating equipment and plumbing fixtures sector. (MASCO CORP /DE/) — high confidence, target: 2024-12-31
• The company will file its next annual report around the same time next year, based on its consistent fiscal year end. (MASCO CORP /DE/) — high confidence, target: 2025-02-08

FAQ

From the Filing

0000062996-24-000006.txt : 20240208 0000062996-24-000006.hdr.sgml : 20240208 20240208072049 ACCESSION NUMBER: 0000062996-24-000006 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 144 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240208 DATE AS OF CHANGE: 20240208 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MASCO CORP /DE/ CENTRAL INDEX KEY: 0000062996 STANDARD INDUSTRIAL CLASSIFICATION: HEATING EQUIP, EXCEPT ELEC & WARM AIR & PLUMBING FIXTURES [3430] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 381794485 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05794 FILM NUMBER: 24606856 BUSINESS ADDRESS: STREET 1: 17450 COLLEGE PARKWAY CITY: LIVONIA STATE: MI ZIP: 48152 BUSINESS PHONE: 3132747400 MAIL ADDRESS: STREET 1: 17450 COLLEGE PARKWAY CITY: LIVONIA STATE: MI ZIP: 48152 FORMER COMPANY: FORMER CONFORMED NAME: MASCO SCREW PRODUCTS CO DATE OF NAME CHANGE: 19731025 10-K 1 mas-20231231.htm 10-K mas-20231231 0000062996 2023 FY false P3Y P3Y P3Y http://fasb.org/us-gaap/2023#LongTermDebtNoncurrent http://fasb.org/us-gaap/2023#LongTermDebtNoncurrent http://fasb.org/us-gaap/2023#PropertyPlantAndEquipmentNet http://fasb.org/us-gaap/2023#PropertyPlantAndEquipmentNet http://fasb.org/us-gaap/2023#AccountsPayableCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent P3Y http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2023#GrossProfit http://fasb.org/us-gaap/2023#OperatingIncomeLoss 239 0000062996 2023-01-01 2023-12-31 0000062996 2023-06-30 iso4217:USD 0000062996 2024-01-31 xbrli:shares 0000062996 2023-12-31 0000062996 2022-12-31 iso4217:USD xbrli:shares 0000062996 2022-01-01 2022-12-31 0000062996 2021-01-01 2021-12-31 0000062996 2021-12-31 0000062996 2020-12-31 0000062996 us-gaap:CommonStockMember 2020-12-31 0000062996 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0000062996 us-gaap:RetainedEarningsMember 2020-12-31 0000062996 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-12-31 0000062996 us-gaap:NoncontrollingInterestMember 2020-12-31 0000062996 us-gaap:RetainedEarningsMember 2021-01-01 2021-12-31 0000062996 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-01-01 2021-12-31 0000062996 us-gaap:NoncontrollingInterestMember 2021-01-01 2021-12-31 0000062996 us-gaap:CommonStockMember 2021-01-01 2021-12-31 0000062996 us-gaap:AdditionalPaidInCapitalMember 2021-01-01 2021-12-31 0000062996 us-gaap:CommonStockMember 2021-12-31 0000062996 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0000062996 us-gaap:RetainedEarningsMember 2021-12-31 0000062996 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0000062996 us-gaap:NoncontrollingInterestMember 2021-12-31 0000062996 us-gaap:RetainedEarningsMember 2022-01-01 2022-12-31 0000062996 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-01-01 2022-12-31 0000062996 us-gaap:NoncontrollingInterestMember 2022-01-01 2022-12-31 0000062996 us-gaap:CommonStockMember 2022-01-01 2022-12-31 0000062996 us-gaap:AdditionalPaidInCapitalMember 2022-01-01 2022-12-31 0000062996 us-gaap:CommonStockMember 2022-12-31 0000062996 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0000062996 us-gaap:RetainedEarningsMember 2022-12-31 0000062996 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0000062996 us-gaap:NoncontrollingInterestMember 2022-12-31 0000062996 us-gaap:RetainedEarningsMember 2023-01-01 2023-12-31 0000062996 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-12-31 0000062996 us-gaap:NoncontrollingInterestMember 2023-01-01 2023-12-31 0000062996 us-gaap:CommonStockMember 2023-01-01 2023-12-31 0000062996 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-12-31 0000062996 us-gaap:CommonStockMember 2023-12-31 0000062996 us-gaap:AdditionalPaidInCapitalMember 2