马斯可木业 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended March31, 2026or☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from ___________ to ___________Commission file number: 1-5794 Masco Corporation (Exact name of Registrant as Specified in its Charter) (I.R.S. Employer Identification No.) (313) 274-7400(Registrant's telephone number, including area code) Name of Each ExchangeOn Which Registered New York Stock Exchange Indicate by check mark whether the Registrant: (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and(2)has been subject to such filing requirements for the past 90days. YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuantto Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files). YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and"emerging growth company" in Rule 12b-2 of the Exchange Act. Accelerated filer Large accelerated filer Smaller reporting company Non-accelerated filer Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☐No Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date. Shares Outstanding at March 31, 2026 MASCO CORPORATION INDEX PagePART I. FINANCIAL INFORMATIONItem 1.Financial Statements (Unaudited):1Condensed Consolidated Balance Sheets as of March 31, 2026and December 31, 20251Condensed Consolidated Statements of Operations for the Three Months Ended March 31, 2026and 20252Condensed Consolidated Statements of Comprehensive Income (Loss) for the Three MonthsEnded March 31, 2026 and 20253Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31,2026 and 20254Condensed Consolidated Statements of Shareholders' Equity for the Three Months Ended March31, 2026 and 20255Notes to Condensed Consolidated Financial Statements6Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations13Item 4.Controls and Procedures20PART II. OTHER INFORMATION21Item 1.Legal Proceedings21Item 1A.Risk Factors21Item 2.Unregistered Sales of Equity Securities and Use of Proceeds21Item 5.Other Information21Item 6.Exhibits22Signature23 MASCO CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) March31, 2026 and December31, 2025(In Millions, Except Share Data) MASCO CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) For the Three Months Ended March31, 2026 and 2025(In Millions, Except Per Common Share Data) MASCO CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) For the Three Months Ended March31, 2026 and 2025(In Millions) MASCO CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) For the Three Months Ended March31, 2026 and 2025(In Millions) See notes to condensed consolidated financial statements.Amounts may not add due to rounding.4 MASCO CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited) MASCO CORPORATIONNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) A. ACCOUNTING POLICIES In our opinion, the accompanying unaudited condensed consolidated financial statements contain all adjustments, of anormal recurring nature, necessary to fairly state our financial position at March31, 2026, and our results of operations,comprehensive income (loss), cash flows and changes in shareholders' equity for the three months ended March 31, 2026 and2025. The condensed consolidated balance sheet at December31, 2025 was derived from audited financial statements, but doesnot include all disclosures required by accounting principles generally accepted ("GAAP") in the United States of America. Withinthe financial statements and tables presented, certain columns and rows may not add due to the use of rounded numbers fordisclosure purposes. In the first quarter of 2026, we began the implementation of an internal reorganization to further streamline our busines