-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師總結如下：MAS第一季業績穩健，淨銷售額達19億美元（年增6%），每股收益為1.04美元，高於市場普遍預期的0.88美元，主要得益於營業利潤率提升90個基點至16.9%。衛浴產品業務表現突出，銷售額達14億美元（有機成長7%），調整後營業利潤率為18.3%；裝飾建築產品業務儘管營收持平，但利潤率仍提升320個基點至19.0%。我們認為，MAS在定價策略和成本節約方面的出色執行令人印象深刻，展現了其在瞬息萬變的市場環境中卓越的營運能力。儘管第一季業績表現強勁，但管理層仍維持全年調整後每股收益4.10美元至4.30美元的預期，考慮到當前市場的波動性，我們認為這一預期是審慎的。該公司透過2.02億美元的股票回購和6,500萬美元的股息，向股東返還了2.67億美元，年減了4%的流通股數。我們認為，MAS約13億美元的強勁流動資金和2.89億美元的經營現金流（年增10%）為持續向股東返還資金提供了靈活性。
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Research Alert: CFRA Maintains Hold Rating On Shares Of United Rentals Inc.
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