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Sentiment · FY2026 Q1
What companies say about each other on earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“we were extremely pleased to announce an expanded relationship with BEHR to exclusively offer KILZ branded primer products in the United States. With our new exclusive agreement, the Home Depot will become the only home improvement big box retailer to offer KILZ branded primer products”
Home Depot secured an exclusive U.S. agreement with BEHR (Masco) to be the sole home-improvement big-box retailer carrying KILZ primer products.
“The Home Depot is trialing some trade credit, which we think will make a real difference.”
The Home Depot is piloting trade credit for pro paint customers, which Masco expects to help drive pro paint share gains through its exclusive retail partner.
“Our continued strategic alignment and partnership with The Home Depot led to our recognition as Supplier of the Year for the paint department in the United States and Canada, and Interconnected Partner of the Year in Mexico.”
Masco (Behr) deepened its exclusive paint relationship with The Home Depot, its largest customer, earning Supplier of the Year recognition and underscoring the strategic importance of the partnership to both.
“We certainly have a unique relationship with Home Depot. It spans 40-plus years, incredibly strong.”
Masco characterizes its 40-plus-year Home Depot relationship as unique and strong, run on price-cost neutrality over time.
“We remain tightly aligned with The Home Depot as we both prioritize and invest in strategic initiatives that allow us to capitalize on the sizable growth opportunity in the PRO Paint market.”
Masco is Home Depot's exclusive Behr paint supplier and describes tight alignment on the PRO Paint growth opportunity.
“As you know, our partner, the Home Depot, is very focused on the PRO. We're very committed to working with them and putting strategies in place to grow into the future.”
Management points to Home Depot's own focus on professional contractors as a growth lever for Masco's PRO Paint business, which has grown 70% from 2020-2024.
“Our strategic investments in this category and our close partnership with the Home Depot continue to result in growth with PRO customers.”
Masco credits its close retail partnership with Home Depot as a key driver of PRO Paint growth under the Behr brand.
“the value proposition that we're able to deliver with our partner, The Home Depot, remains strong”
Masco credits ongoing pro paint share gains to the strength of its retail partnership with The Home Depot.
“it's been a couple of months since the PPG architectural divestitures closed. Just curious if you've noticed any changes in the [indiscernible] at Home Depot or if you expect any going forward?”
An analyst asks whether PPG's architectural coatings divestiture has shifted competitive shelf dynamics at Home Depot; Masco says it hasn't noticed changes, suggesting limited near-term competitive impact from the PPG move.
“Our investments in our paint business to continue to expand our services and build upon our successful partnership with the Home Depot, have helped drive share gains in both the DIY and Pro paint categories.”
Masco credits its Home Depot retail partnership with driving paint category share gains, a positive read-through for the depth of that channel relationship.
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Matt Bouley | Barclays | 12 (8%) |
| John Lovallo | UBS | 12 (0%) |
| Sam Reid | Wells Fargo | 12 |
| Steve Kim | Evercore ISI | 11 (0%) |
| Trevor Allinson | Wolfe Research | 10 (10%) |
| Tony Pettinari | Citigroup | 10 (0%) |
| Mike Rehaut | JPMorgan | 10 (0%) |
| Susan Maklari | Goldman Sachs | 10 (0%) |
| Mike Dahl | RBC Capital Markets | 10 (20%) |
| Adam Baumgarten | Zelman & Associates | 6 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| UBS | 1 | 12 (0%) |
| Barclays | 1 | 12 (8%) |
| Wells Fargo | 1 | 12 (0%) |
| Evercore ISI | 2 | 12 (0%) |
| JPMorgan | 1 | 10 (0%) |
| RBC Capital Markets | 1 | 10 (20%) |
| Goldman Sachs | 1 | 10 (0%) |
| Wolfe Research | 1 | 10 (10%) |
Sales declined 2% with EPS of $0.82, down 6%, as the full year saw persistent weakness from DIY paint and tariff headwinds despite plumbing resilience. Pro paint approached $1 billion in revenue with 200 basis points of share gain since 2019, while significant restructuring actions were taken to fund future growth. Management introduced FY2026 EPS guidance of $4.10-$4.30 with a new $2 billion buyback authorization.
Demand | Trade Tariffs | Competitive Dynamics | Margin | Pricing | Cost Pressure | Revenue Growth | Inventory | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 4 | 5 | 2 | 5 | 3 | 2 | 1 | |
| 2025Q1 | 5 | 6 | 3 | 2 | 4 | 1 | 1 | 2 |
| 2025Q2 | 6 | 9 | 4 | 3 | 4 | 2 | 2 | 2 |
| 2025Q3 | 10 | 7 | 8 | 9 | 5 | 3 | 3 | 3 |
| 2025Q4 | 6 | 3 | 7 | 6 | 5 | 4 | 4 | 1 |
| 2026Q1 | 8 | 5 | 7 | 4 | 3 | 7 | 5 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 4 | 5 | 6 | 10 | 6 | 8 |
| Trade Tariffs | 5 | 6 | 9 | 7 | 3 | 5 |
| Competitive Dynamics | 2 | 3 | 4 | 8 | 7 | 7 |
| Margin | 5 | 2 | 3 | 9 | 6 | 4 |
| Pricing | 3 | 4 | 4 | 5 | 5 | 3 |
| Cost Pressure | 2 | 1 | 2 | 3 | 4 | 7 |
| Revenue Growth | 1 | 2 | 3 | 4 | 5 | |
| Inventory | 1 | 2 | 2 | 3 | 1 | 1 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
MAS Masco | 6 | +6.5% | |
| BLDR Builders FirstSource | 1 | -10.1% | |
| CARR Carrier Global | 4 | +2.4% | |
| JCI Johnson Controls | 9 | +8.2% | |
| LII Lennox International | 6 | +5.8% | |
| TT Trane Technologies | 7 | +6.0% |