Fortune Brands’ Door and Window Sales Up 9 Percent for Second QuarterJuly 31st, 2014 by DWM Magazine
Fortune Brands Home & Security Inc. recently announced its second-quarter results. The company reports that its Advanced Material Windows and Door Systems sales were up 9 percent for the quarter.
Additionally, entry door sales were up 11 percent and window sales were up 7 percent, when compared to the same quarter for 2013. Operating income for the segment increased 53 percent, according to the company’s second-quarter report.
“Our teams executed well, delivering a solid second quarter as consumer traffic is increasing and demand gradually improved from the soft start to the year,” says Chris Klein, chief executive officer, Fortune Brands. “We continue to gain share and remain on track to deliver strong growth this year.”
Overall, the company reports sales of $1.14 billion for the quarter, an increase of 10 percent over the second quarter of 2013. Operating income was $136.6 million, compared to $106.5 million in the prior-year quarter. Operating income before charges/gains was $136.8 million, compared to $107.2 million the same quarter last year.
“Sales increased 10 percent for the total company and 12 percent for our combined home segments in the second quarter. Importantly, total company operating income before charges/gains increased 28 percent,” Klein says.