异动解读 | 马斯科盘前大跌7.57%,季度业绩不及预期拖累股价

异动解读
Oct 29, 2025

家装公司马斯科(Masco)今日盘前股价大跌7.57%,引发市场关注。这一跌幅主要源于公司发布的第三季度业绩未达预期,同时下调了全年调整后利润预期。

根据公司最新财报,马斯科第三季度调整后每股收益为0.97美元,低于分析师预期的1.03美元。季度销售额为19.2亿美元,同样未能达到市场预期的19.4亿美元。公司将全年调整后每股收益预期从此前的3.90-4.10美元下调至3.90-3.95美元。导致业绩不佳的主要原因是管道业务利润率下降和装饰产品需求持续疲软。

马斯科面临的挑战不仅限于内部经营。美国政府对多种建筑材料征收高额关税,包括对铜管和电线征收50%的关税,对厨柜征收25%的关税,这给严重依赖这些商品的房屋建筑商和装修公司带来了巨大压力。此外,许多房主,尤其是低收入家庭,推迟了大型住房装修项目,进一步加剧了对可支配产品的需求疲软。为应对这些挑战,马斯科正在采取提高产品价格和减少中国业务风险敞口等措施,但短期内仍面临利润率压力。

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