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Masco announces post-spinoff name for services business

Mar. 19, 2015 3:43 PM ETMasco Corporation (MAS) StockMASBy: Yoel Minkoff, SA News Editor
  • Masco's (MAS +0.1%) new independent publicly-traded company (which will be separated from Masco upon completion of its installation and other services spin-off) will be named TopBuild.
  • The entity will be listed on the NYSE under ticker symbol BLD, and will be comprised of Masco's contractor services business and service partners.
  • The combined divisions reported revenue of $1.5B in 2014 and achieved a compounded annual revenue growth rate of nearly 11% since 2010.
  • Previously: Masco restructuring remains on track (Feb. 09 2015)
  • Previously: Masco announces spin off, repurchase program, staff reduction (Sep. 30 2014)

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