Masco falls after it withdraws annual profit forecast

Shares of home improvement firm Masco MAS.N fall as much as 7.9% to $56.55 in early trade, its lowest since November 2023

Shares down ~1% at noon

Co pulls annual profit forecast due to tariff and macroeconomic uncertainty

Co also misses analysts' estimates for Q1 sales and profit estimates, according to data compiled by LSEG

Masco exec says co expects about $400 mln in tariff-related costs in 2025 before mitigation efforts, expects most of the impact in H2

Says it is taking steps to mitigate increased costs through pricing actions, cost savings initiatives, and product sourcing changes

As of last close, MAS has fallen ~15% YTD