Masco Corporation Deutsche Bank’s Chicago Industrials Summit

Yeah. Good morning, everybody, thanks for joining. It is good to be here at the Deutsche Bank Global Industrials, Materials & Building Products Conference here in Chicago. Colin, as you mentioned, we laid out some pretty specific goals for our 2028 expectations in terms of growth and margin expansion. It is really underpinned by our focus on driving both top line and bottom line growth, driven by a consumer-driven strategy, leveraging our industry leading brands, expanded commercial capabilities, enhanced operational excellence. As you articulated, we laid out some specific objectives. What I would say is, in terms of how we are approaching that, it is really investing in growth and looking at areas that we can expand our top line, even despite a tough environment as we have all been faced with, as well as driving operational efficiencies in terms of our bottom line.

That includes leveraging our Masco Operating System, as well as some of the restructuring activities that we announced earlier this year in terms of driving that. Although those are objectives that we have laid out for a couple of years from now, I think in terms of seeing progress towards those is really what we are focused on doing. So seeing some growth this year, low single digits is our expectation in terms of top line growth, as well as some margin expansion. Our underlying performance, putting aside the tariff refunds for a moment, seeing a margin expansion there as well. So making that incremental progress this year, particularly as we move into 2027.