Plumbing Products Lead Masco Sales

Masco Corporation’s net sales for the first quarter of 2021 increased 25 per cent to $1,970 million over the first quarter of 2020. Plumbing products’ net sales increased 31 per cent while decorative architectural products’ net sales increased 15 per cent. In local currency, North American sales increased 21 per cent and international sales increased 27 per cent. Gross margins increased 90 basis points to 35.5 per cent from 34.6 per cent and operating profit increased 62 per cent to $365 million.