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MASCO CORPORATION ANNOUNCES FOURTH-QUARTER NON-OPERATING CHARGES

 MASCO CORPORATION ANNOUNCES FOURTH-QUARTER NON-OPERATING CHARGES
 TAYLOR, Mich., Jan. 22 /PRNewswire/ -- Masco Corporation (NYSE: MAS) announced today that it expects to report a loss in the fourth quarter of 1991 of approximately $.15 to $.20 per share due to the accruals for non-operating charges. These charges are principally attributable to certain of the company's affiliated companies, including a write-down of the company's carrying value in these affiliates and other investments.
 Masco Corporation previously announced that results for the nine months ended Sept. 30, 1991, included net sales of approximately $2.3 billion and net income of $73 million or $.49 per share.
 Masco Corporation manufactures building, home improvement and home furnishing products for the home and family.
 -0- 1/22/92
 /CONTACT: John C. Nicholls Jr. of Masco Corporation, 313-274-7400/
 (MAS) CO: Masco Corporation ST: Michigan IN: HOU CST SU:


SM -- DE019 -- 2460 01/22/92 16:16 EST
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Publication:PR Newswire
Date:Jan 22, 1992
Words:149
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