Masco (MAS) Risk Factor Changes

We rely on many on-site and cloud-based information systems and technology to process, transmit, store and manage information to support our business activities.

Global cybersecurity vulnerabilities, threats and more frequent, sophisticated and targeted attacks, which may be increasingly exacerbated by the proliferation of and advance in artificial intelligence, pose a risk to…

In addition, our Behr business grants to The Home Depot Behr brand exclusivity in the retail sales channel in North America and exclusivity with respect to Kilz branded primer products in the home improvement big box…

Our sales are concentrated with three significant customers and this concentration may continue to increase.

Furthermore, stakeholders’ expectations regarding company practices, positions or public statements are diverse and continually changing.

In 2025, 21 percent of our sales were made outside of North America (particularly in Europe) and transacted in currencies other than the U.S.

We purchase substantial amounts of raw materials, components and finished products from outside sources, including international sources, and we manufacture certain of our products outside of the United States.

Variability in the cost and availability of our raw materials, components and finished products could impact our results of operations and financial position.

Further, our production has been and may in the future be impacted if we or our suppliers are unable to procure our requirements for various raw materials, including, among others, brass, copper, resins, titanium diox…

•inflationary pressures, including from duties and tariffs;