Posts Tagged ‘ Fortune Brands ’

Fortune Brands Reports Sales Growth in Third Quarter

Oct 27th, 2016

Fortune Brands Home & Security Inc., the parent company of Therma-Tru doors and Master Lock security products, announced third quarter 2016 results from continuing operations and confirmed its 2016 annual outlook for earnings per share. “In the third quarter, sales grew across our company despite softer repair and remodel activity, challenging prior year comparisons, and […]

Fortune Brands Announces $400 Million Share Repurchase Authorization

Feb 22nd, 2016

Fortune Brands Home & Security Inc., the parent company of Therma-Tru doors and Master Lock and SentrySafe security products, announced that its board of directors has authorized the repurchase of up to $400 million in shares of the company’s common stock over the next two years on the open market or in privately negotiated transactions in […]

Fortune Brands Keeps Growing

Feb 4th, 2016

Fortune Brands, a home and security products company, recently released its fourth quarter (Q4) 2015 results and provided its 2016 annual outlook. “We delivered strong results at the high end of our guidance for the fourth quarter and full year 2015,” says Chris Klein, CEO. “We achieved strong sales growth as the home products market […]

Brett E. Finley Named Therma-Tru President

Jan 14th, 2016

Fortune Brands Home & Security, Inc. has named Brett E. Finley as president of its Therma-Tru business unit. He assumes the role effective Feb. 15, 2016, and will report to Christopher Klein, chief executive officer of Fortune Brands. Finley served in a number of senior leadership roles at IDEX Corporation beginning in 2008. Most recently, he was […]

Fortune Brands Posts Profit in Third Quarter

Oct 21st, 2015

Fortune Brands Home & Security Inc., the parent company of Therma-Tru doors and Master Lock and SentrySafe security products, announced third-quarter earnings of 64 cents per share, just under analysts’ expectations of 65 cents per share. However, sales were $1.24 billion for the third quarter of 2015, an increase of 17 percent over the third quarter of […]

Fortune Brands’ Q2 Financial Results Show Door Growth

Jul 23rd, 2015

Fortune Brands came out with its second quarter 2015 results and with a positive uptick in sales, and as a result updated outlook for this year’s earnings per share. “The rate of growth for the home products market improved modestly in the second quarter and our teams again delivered profit growth that was right on […]

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 […]

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