Posts Tagged ‘ Fortune Brands ’

The Building Products Segment Looks Attractive to Investors

Jun 25th, 2015

The building products segment is seeing merger and acquisition activity accelerate on the heels of improving market fundamentals, according to an industry report released by Brown Gibbons Lang & Company (BGL). Growing investor appetite is broad-based, spanning both residential and commercial construction end markets, the release reads. According to BGL, the door and window industry is […]

Fortune Brands Issues $900 Million Bond Package

Jun 9th, 2015

Fortune Brands Home & Security, Inc., the parent company of Therma-Tru entry door systems and Master Lock and SentrySafe security products, announced on Monday that it priced a $900 million registered public offering of senior unsecured notes. The company intends to use the proceeds to pay down its debt and for general corporate purposes. “Our […]

Fortune Brands Commits to Conservancy in a Big Way

May 29th, 2015

Fortune Brands Home and Security Inc, parent company of Therma-Tru, will give $400,000 over three years to The Nature Conservancy, a global conservation organization. It’s the continuation of a three-year relationship that’s already seen $245,000 in donations to the conservancy group as part of the company’s Fortunate Giving program. CEO Chris Klein says the program was designed “to support […]

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 […]