Fortune Brands Reports Second Quarter Sales and EPS Growth; Continued Progress in Plan for Growth in a More Modest Housing Market
Fortune Brands Home & Security, Inc. (FBHS)
Last fortune brands home & security, inc. earnings: 4/30 04:05 pm
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Source: Business Wire
Highlights from continuing operations reflect solid execution:Q2 2019 sales increased 5 percent year-over-year to $1.5 billion; 6 percent excluding FX Q2 2019 EPS $0.97; EPS before charges/gains increased 3 percent to $1.03Global Plumbing Group continues to outperform end markets; significant expansion of wholesale distribution in Fiberon composite deckingCompany moderates full-year 2019 EPS outlook on softer overall housing market: EPS before charges/gains outlook now $3.53 – $3.67 on sales growth of 5.5 – 6.5 percent DEERFIELD, Ill.--(BUSINESS WIRE)--Fortune Brands Home & Security, Inc. (NYSE: FBHS), an industry-leading home and security products company, today announced second quarter 2019 results.“In the second quarter our teams continued to execute at a high level in a soft market. The Global Plumbing Group continued to deliver above market growth and margin. Our cabinets pivot plan continued to reshape the business, with solid growth and margins in our focus segments. In our
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