Fortune Brands Reports Strong Sales and EPS Growth in Q1 2020; Enhances Liquidity and Balance Sheet and Suspends Financial Guidance
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:Q1 2020 sales increased 6 percent year-over-year to $1.4 billion Q1 2020 EPS of $0.77, an increase of 28 percent; EPS before charges / gains increased 29 percent to $0.81Company increases liquidity and strengthens balance sheet Rigorous expense and cash management actions in place and will evolve with demand DEERFIELD, Ill.--(BUSINESS WIRE)--Fortune Brands Home & Security, Inc. (NYSE: FBHS, the “Company”, or “Fortune Brands”), an industry-leading home and security products company, today announced first quarter 2020 results.“Despite strong sales and profit growth in the first quarter, we began to proactively take steps to rigorously manage cash and expenses and further strengthen our balance sheet to manage any impact of the COVID-19 pandemic and emerge poised to accelerate share gains in a recovery,” said Nicholas Fink, chief executive officer, Fortune Brands. “We continued to operate well in a challenging environment, and I want to thank our
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