Masco Corp at Raymond James Institutional Investors Conference Transcript

Mar 02, 2020 / 12:30PM GMT
Samuel John Darkatsh - Raymond James & Associates, Inc., Research Division - Research Analyst

Good morning. I'm Sam Darkatsh. On behalf of Raymond James. We'd like to welcome you to the Masco Corporation presentation for this morning. With us today from Masco, John Sznewajs, Chief Financial Officer; also, Dave Chaika, Vice President, Treasurer and Investor Relations.

And without any further ado, John, the floor is yours. Welcome.

John G. Sznewajs - Masco Corporation - VP & CFO

Thank you, Sam. And good morning, everybody. So I'm happy to talk a little bit about Masco today. And one of the first things I want to talk about is the transformation that we've accomplished over the last several years is we've changed really the -- significantly the profile of the business.

So on this slide, you can take a look. If you roll the tape back just 6 years ago to 2014, we were a much, much different business. We had 5 operating segments that we reported. About 30% of our revenue was devoted to new home construction with operating margins of about 10

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