Masco Corporation reported its third quarter 2025 financial results. Net sales for the quarter decreased 3.0 percent to $1,917.0 million compared to the third quarter of 2024; in local currency and excluding divestitures, net sales decreased 2.0 percent. Plumbing Products' net sales increased 2.0 percent, while Decorative Architectural Products' net sales decreased 12.0 percent; in local currency and excluding divestitures, Decorative Architectural Products' net sales decreased 6.0 percent. North American sales in local currency decreased 6.0 percent and International sales were in line with the prior year. Gross margin decreased 240 basis points to 34.2 percent from 36.6 percent. Operating profit decreased 15.0 percent to $303.0 million from $357.0 million, and operating margin decreased 220 basis points to 15.8 percent from 18.0 percent. Net income per share increased 17.0 percent to $0.90 from $0.77. On an adjusted basis, gross margin was 34.6 percent, down from 36.7 percent. Adjusted operating profit decreased 13.0 percent to $312.0 million from $360.0 million. Adjusted earnings per share were $0.97. Liquidity at the end of the third quarter was $1,559.0 million, including availability under the revolving credit facility. Masco returned $188.0 million to shareholders through dividends and share repurchases during the quarter. The company updated its full-year 2025 adjusted earnings per share guidance to a range of $3.90 to $3.95. The Board of Directors declared a quarterly dividend of $0.31 per share, payable on November 24, 2025, to shareholders of record on November 7, 2025.