Masco is a global manufacturer of branded home improvement products, with a focus on plumbing fixtures (70% of revenue) and decorative architectural coatings (30% of revenue). The company primarily serves the repair and remodel market, with products such as faucets, showerheads, and paint sold through retail, wholesale, and e-commerce channels. Its portfolio includes well-known brands such as Delta, Hansgrohe, and Behr.

In his final press conference as chair of the Federal Reserve, Jerome Powell provided a characteristically concise assessment of consumer spending and the economy. "The U.S. economy has just powered through shock after shock. And consumers are still spending." He added: "That's what the banks will tell you, credit card companies will tell you." Argus expects 2Q GDP to grow 2.2%, with consumer spending up 1.9%. To be sure, companies are providing varying assessments depending on the products they sell and the income of their customers. Tractor Supply CEO Hal Lawton recently said: "While [tax] refunds did come through and we captured our fair share, customers are using these dollars more cautiously. A significant portion is going towards essentials, savings, and debt reduction rather than discretionary spending, consistent with the broader environment we're seeing." Tractor Supply's customers typically live outside of big cities, and often are home, land, pet, and livestock owners. They typically have an above-average income and a below-average cost of living. Home Depot CEO Ted Decker said that HD's customers are "probably amongst the healthiest of all consumers." They tend to own their home; have seen their home equity increase by 50%; and their stock portfolios have grown. Still, even these customers are spending cautiously, while other consumers are struggling. Kraft Heinz CEO Steve Cahillane offered the following to the Wall Street Journal: "Consumers are literally running out of money toward the end of the month." These observations across demographics are consistent with commentary the Fed reported in its April Beige Book interviews with key business and community contacts across the U.S. "Many districts continued to report signs of consumer financial strain, increased price sensitivity, and rising demand at food banks and other social service organizations, while spending among higher-income consumers was resilient."

Masco is a global manufacturer of branded home improvement products, with a focus on plumbing fixtures (70% of revenue) and decorative architectural coatings (30% of revenue). The company primarily serves the repair and remodel market, with products such as faucets, showerheads, and paint sold through retail, wholesale, and e-commerce channels. Its portfolio includes well-known brands such as Delta, Hansgrohe, and Behr.

Masco manufactures home improvement and building products. Following the spin-off of the installation business in 2015 and the more recent sales of the cabinet and windows businesses, Masco has two segments, which had 2025 sales of $7.6 billion: Plumbing Products, including Delta faucets (66%), and Decorative Architectural Products, including Behr paint (33%). Approximately 21% of the company's sales are from outside North America, dominated by Hansgrohe plumbing fixtures in the U.K. and Europe. Plumbing Products has the most international exposure, about 31%. Almost 100% of Decorative Architectural Products revenue is linked to repair and remodel. MAS is one of the biggest suppliers to Home Depot and Lowe's. Some 38% of Masco's 2025 sales were to HD, where Behr paint is a major brand. Lowe's represents less than 10% of Masco's sales. Approximately 45% of total sales are through retailers, 34% to wholesale and builders, 13% through e-commerce, and 8% through specialty dealers and other channels. The company is on a calendar-year reporting basis.