MASCO CORP (MAS) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
Revenues	8,680.0	8,375.0	7,188.0	6,707.0	6,654.0	6,014.0	7,361.0	7,142.0
Revenue growth	3.6%	16.5%	7.2%	0.8%	10.6%	-18.3%	3.1%	1.9%
Cost of goods sold	5,967.0	5,512.0	4,601.0	4,336.0	4,327.0	3,794.0	4,899.0	4,889.0
Gross profit	2,713.0	2,863.0	2,587.0	2,371.0	2,327.0	2,220.0	2,462.0	2,253.0
Gross margin	31.3%	34.2%	36.0%	35.4%	35.0%	36.9%	33.4%	31.5%
Selling, general and administrative	1,390.0	1,413.0	1,292.0	1,274.0	1,250.0	1,191.0	1,375.0	1,339.0
EBITA	1,376.0	1,481.0	1,319.0	1,120.0	1,097.0	1,033.0	1,091.0	920.0
EBITA margin	15.9%	17.7%	18.4%	16.7%	16.5%	17.2%	14.8%	12.9%
Amortization of intangibles	29.0	31.0	24.0	23.0	20.0	4.0	4.0	6.0
EBIT	1,347.0	1,450.0	1,295.0	1,097.0	1,077.0	1,029.0	1,087.0	914.0
EBIT margin	15.5%	17.3%	18.0%	16.4%	16.2%	17.1%	14.8%	12.8%
Pre-tax income	1,193.0	688.0	1,131.0	914.0	907.0	718.0	832.0	689.0
Income taxes	288.0	210.0	269.0	230.0	221.0	245.0	296.0	293.0
Tax rate	24.1%	30.5%	23.8%	25.2%	24.4%	34.1%	35.6%	42.5%
Earnings from continuing ops	844.0	410.0	810.0	639.0	636.0	426.0	789.0	751.0
Earnings from discontinued ops			414.0	296.0	98.0	107.0
Net income	844.0	410.0	1,224.0	935.0	734.0	533.0	789.0	751.0
Net margin	9.7%	4.9%	17.0%	13.9%	11.0%	8.9%	10.7%	10.5%

Diluted EPS	$3.64	$1.63	$3.07	$2.22	$2.07	$1.34	$2.39	$2.20
Shares outstanding (diluted)	232.0	251.0	264.0	288.0	307.0	318.0	330.0	341.0

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.