Posts Tagged ‘ Fortune Brands ’

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 […]

Fortune Brands Declares Quarterly Cash Dividend

May 3rd, 2013

Fortune Brands Home & Security Inc. (FBHS) announced that its Board of Directors has declared a quarterly cash dividend payment to its shareholders. This represents both the Board’s confidence in the company’s long-term cash flow potential and its support of the company’s broader strategy for utilizing free cash flow to drive incremental shareholder value beyond […]

Industry Companies Named to Fortune Magazine’s List of World’s Most Admired Companies

Mar 15th, 2013

Fortune Brands Home & Security Inc., Lowe’s, Dow and PPG are a few of the industry companies named to Fortune magazine’s 2013 List of World’s Most Admired Companies. Fortune Brands once again ranked No. 3 in the “Home Equipment, Furnishings” category. “On behalf of our 16,000 associates, we are honored to receive this prestigious recognition, […]

Fortune Brands Posts Increase in Fourth Quarter

Feb 4th, 2013

Fortune Brands Home & Security Inc., parent company of brands including Simonton windows and Therma-Tru entry door systems announced its 2012 fourth quarter and full-year results in which net sales increased by 8 percent. Advanced Material Windows & Door Systems net sales were up 1 percent, with door sales increasing 5 percent and windows declining […]