Masco Corporation (MAS) Presents at Deutsche Bank's Chicago Industrials Summit Transcript

Masco Corporation ( MAS ) Deutsche Bank's Chicago Industrials Summit August 11, 2026 11:00 AM EDT Company Participants Richard Westenberg - VP, CFO & Treasurer Conference Call Participants Collin Verron - Deutsche Bank AG, Research Division Presentation

Collin Verron Deutsche Bank AG, Research Division Good morning. Thank you for attending the 2026 Deutsche Bank Industrials Conference. This morning, I'm excited to have Rick Westenberg, the CFO of Masco, with us. And we're going to be hosting a fireside chat. So I'll just start off with some questions. If anyone in the room has any questions, just raise your hand and we'll try to pivot to that.

Question-and-Answer Session

Collin Verron Deutsche Bank AG, Research Division So I guess I just want to start off with some of the bigger-picture questions, since you guys laid out some targets at the Investor Day. 3% to 4% average annual organic growth, at least 18% adjusted operating margin by '28, and a CAGR of 10% in EPS growth. I guess just starting beneath those financial targets, what are the most important indicators investors should really be watching over the next 12 to 24 months to make sure that you guys are gaining traction on your strategy here?

Richard Westenberg VP, CFO & Treasurer Yes. Good morning, everybody. Thanks for joining. It's good to be here at the Deutsche Bank Industrials Conference here in Chicago. Yes, Collin, as you mentioned, we laid out some pretty specific goals for our 2028 expectations in terms of growth and margin expansion. And it's really underpinned by our focus on driving both top line and bottom line growth, driven by consumer-driven strategy, leveraging our industry-leading brands, expanded commercial capabilities, enhanced operational excellence. And as you articulated, we laid out some specific objectives. What I would say is in terms of