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Business Description
Masco Corporation is engaged principally in the manufacture and sale of home improvement and building products. These products are sold to the home improvement and home construction markets through mass merchandisers, hardware stores, home centers, builders, distributors and other outlets for consumers and contractors. The Company also supplies and installs insulation and other building products for builders in the new construction market. Approximately 80% of Masco's sales are generated by operations in North America, primarily in the United States. International operations comprise the balance and are located principally in Belgium, Denmark, Germany, Holland, Italy, Spain and the United Kingdom. The Company's operations consist of five business segments: Cabinets and Related Products, Plumbing Products, Installation and Other Services, Decorative Architectural Products and Other Specialty Products.

Financial Information
For the six months ended 6/30/04, revenues rose 18% to $5.87 billion. Net income from continuing operations rose 42% to $535 million. Revenues reflect sales growth across all business segments. Net income also reflects an increased gross profit and higher litigation settlement income.