Masco Group

Masco Contractor Services will also be renamed TruTeam. Jerry Volas, group president of retail and wholesale for North America at Masco, will become CEO of TopBuild. Robert Buck will become its president and COO and John Peterson its CFO. “We are excited About Milgard Windows & Doors Corporation Milgard Windows & Doors, a Masco company based in Tacoma, Washington, offers a full line of vinyl, wood, fiberglass and aluminum windows and patio doors for builders, dealers and homeowners, all backed by a Full DAYTONA BEACH — When Masco Corp. spins off its contractor installation and services divisions now based in Daytona Beach to an independent corporation by mid-year, it will be called TopBuild Corp, the Tyler, Michigan-based company announced Thursday. TAYLOR, Mich., March 19, 2015 /PRNewswire/ -- Masco Corporation (NYSE: MAS) announced today that the new independent publicly-traded company that will be separated from Masco upon completion of the spin-off of Masco's Installation and Other Services Editor Note: For more information about this release, please scroll to bottom. Investor-Edge has initiated coverage on the following equities: Masco Corporation (NYSE: MAS), Owens Corning (NYSE: OC), USG Corporation (NYSE: USG), Fortune Brands Home and Just a few short years ago, the housing market was arguably the deadliest industry for an investment. However, the industry has showed immense strength lately and the companies within it have been propelled back into growth mode. One of the largest .

Masco Corporation (NYSE:MAS) decided to spin-off its installation and other services business (Services Business) into an independent, publicly-traded company through a tax-free stock distribution to its shareholders. According to the company, the On the back of steady growth in the global business environment, many industrial, chemical and construction companies gained momentum in the past year. With global economic growth at 3.3%, demand remained strong for products such as performance plastic Back in April, Masco Corporation missed expectations when it reported first quarter 2014 results as sales increased 5% to $2 billion (North American sales increased 3% while international sales increased 12%), adjusted operating profit increased 12% At $1.9 billion, net sales increased seven percent compared to the first quarter of 2011. Results for key financial measures, as adjusted for certain items (see Exhibit A) and with a normalized tax rate of 36 percent, compared to the first quarter of 2011 .

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