Posts Tagged ‘ Fortune Brands ’

Fortune Brands Readjusts its Outlook After Q1 Results

May 1st, 2015

*+-Fortune Brands released its first quarter 2015 results recently, which showed “moderate growth,” according to company CEO Chris Klein. Klein says the results were “as we expected,” but the teams delivered “profit growth that was right on plan … We continue to anticipate accelerating new construction activity in the second half of the year. Based […]

Fortune Brands Receives a Ranking Every Company Wants

Mar 2nd, 2015

*+-Not many companies can say they’ve been ranked as one of the world’s most admired companies in 2015, but Fortune Brands can—and has been three other times. The company ranked No. 2 on FORTUNE Magazine’s 2015 list in the Home Equipment, Furnishings category, improving from No. 3 last year. “We are honored to receive this […]

Fortune Brands Sales Jump 8 Percent in Fourth Quarter; Door Sales Rise 12

Feb 5th, 2015

*+-Fortune Brands continues to gain good fortune. The Deerfield, Ill.-based company recently released its financial results for the fourth quarter of 2014—and they spell good things for the publicly traded company. Report highlights include: Q4 sales increased 8 percent year-over-year to $1.04 billion with earnings per share (EPS) of $0.35; EPS before charges/gains increased 38 […]

Fortune Brands Authorizes Repurchasing $250 Million of its Own Shares

Oct 2nd, 2014

*+-Fortune Brands is confident in its own ability to make money. That conclusion can be drawn by the company’s board of directors authorizing the repurchase of up to $250 million of shares of its common stock over the next two years. Fortune Brands continues to act on its strategy for utilizing free cash flow and […]

Fortune Brands Completes Sale of Simonton Windows

Sep 22nd, 2014

*+-Fortune Brands Home & Security Inc. has completed the sale of Simonton Windows to Ply Gem Holdings Inc. The Simonton business was sold for approximately $130 million, or roughly 10 times 2014 earnings before interest, taxes, depreciation and amortization. The Simonton sale is expected to reduce Fortune Brands’ second half 2014 earnings per share from […]

M&A Activity Continues

Sep 18th, 2014

*+-The brisk pace of M&A in the window and door industry continued in the past few months with three noteworthy acquisitions. At the end of July, PGT announced it would acquire CGI Windows. The $111 million value of the deal and the fact that it was funded in part with a new debt facility are […]

Fortune Brands’ Door and Window Sales Up 9 Percent for Second Quarter

Jul 31st, 2014

*+-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 […]

Fortune Names Most Admired Companies

Mar 6th, 2014

*+-Fortune magazine has released its 2014 List of the World’s Most Admired Companies and a few industry related companies were lucky enough to earn a spot. Some earned the distinction of making it to the top 50, including The Home Depot at number 40 and DuPont at 43. Fortune Brands Home & Security Inc. was […]

Fortune Brands Posts Growth; Including Doors and Windows Segment

Oct 25th, 2013

*+-Fortune Brands Home & Security Inc. announced third quarter 2013 results which included a net sales increase of 24 percent year-over-year to $1.125 billion. The company raised its expected annual sales growth to 15-16 percent. “We continue to leverage our structural competitive advantages and the market recovery to deliver profitable growth,” says Chris Klein, CEO. […]

Fortune Brands Recent Earnings Report: Entry Door Sales Up Significantly

Jul 25th, 2013

*+-Fortune Brands reported its second quarter earnings this week and net sales increased 11 percent year-over-year to $1.04 billion. This prompted the company to raise its annual outlook to sales growth of 13-15 percent. Advanced Material Windows & Door Systems’ net sales were up double digits, as entry doors grew 15 percent, and “we began […]