Masco Corporation's stock surged 5.43% during pre-market trading on Tuesday, following the release of its fourth-quarter financial results and a significant capital return announcement.
The home improvement firm reported adjusted earnings of $0.82 per share for the quarter, exceeding the FactSet consensus estimate of $0.79. While net sales of $1.79 billion came in slightly below expectations, investors focused on the earnings beat and the company's forward guidance.
The rally was primarily driven by the company's board authorizing a new $2 billion share repurchase program, effective immediately, signaling strong confidence in the company's financial health and commitment to returning capital to shareholders. Additionally, Masco declared a quarterly dividend of $0.32 per share and provided 2026 adjusted earnings guidance of $4.10 to $4.30 per share, which aligns closely with analyst expectations.