Posts Tagged ‘ Nicholas Fink ’

Revenue Results for Two Major Industry Players Confirms Sales Aren’t Slowing Down

May 3rd, 2021

Jeld-Wen Holding Inc. announced first quarter financial results last week and reported that net revenue increased by 11.6% to $1.1 billion. Core revenue growth occurred across all three segments, but was led by North America core revenue growth of 9%. These numbers allowed the company to revise its projections for the full year: Net revenue growth is now […]

Fortune Brands Posts Strong Sales in 2020 and Predicts Continual Growth This Year

Feb 4th, 2021

Fortune Brands Home and Security Inc. reported its fourth quarter and full-year 2020 results this week. It’s good news for the company—and the housing market in general—with fourth quarter and full-year 2020 sales increasing approximately 13% and 6%, to $1.7 billion and $6.1 billion, respectively, year-over-year. Even better, the company, parent to both Therma-Tru and […]

Fortune Brands Increases Quarterly Dividend for 8th Consecutive Year

Dec 9th, 2020

Home and security products company Fortune Brands Home & Security Inc., announced that its Board of Directors has declared a quarterly cash dividend of $0.26 per common share. According to the company, that’s an 8% increase in the quarterly dividend, and represents the Board’s continued confidence in the Company’s long-term cash flow potential as well […]

Fortune Brands Expands to Acquire Larson

Nov 17th, 2020

Home and security products company Fortune Brands Home & Security, Inc., announced today that it has signed an agreement to acquire Larson Manufacturing, the North American brand of storm, screen and security doors, for approximately $660 million. Larson also sells related outdoor living products including retractable screens and porch window, and the Fortune Brands announcement […]

Third Quarter Sales Up at Fortune Brands Thanks to Strong Housing Market

Oct 30th, 2020

All of the anecdotal evidence from door and window manufacturers and dealers saying sales are up was borne out in the recent third quarter financial results for one industry brand. Fortune Brands Home and Security Inc. announced third quarter 2020 results and sales were $1.7 billion, an increase of 13% over the third quarter of […]

Christopher Klein Will Retire from Fortune Brands Board of Directors at Year’s End

Sep 22nd, 2020

Fortune Brands Home & Security, Inc., a home and security products company, announced that its Board of Directors executive chairman, Christopher Klein, has made plans to retire on the close of business on December 31, 2020. Klein’s departure from the Board is part of the company’s multi-year transition plan. “This year, the business has reacted […]

Strong 2Q Results for Fortune Brands

Jul 30th, 2020

Fortune Brands Home & Security Inc., a home and security products company, recently announced second quarter 2020 results that included a nine percent drop in doors and security sales, though doors and decking exceeded expectations and security products challenged by effects of COVID-19 on its supply chain. “I couldn’t be prouder of our teams,” said […]

Fortune Brands Reports Sales Growth in Q1

May 1st, 2020

Fortune Brands Home and Security (FBHS), parent company to Therma-Tru, released its first quarter 2020 results, showing how COVID-19 impacted the company. “Despite strong sales and profit growth in the first quarter, we began to proactively take steps to rigorously manage cash and expenses and further strengthen our balance sheet to manage any impact of […]

Third Quarter Positive for Fortune Brands Even With Obstacles

Oct 24th, 2019

Fortune Brands Home and Security (FBHS), parent company of Therma-Tru, saw positive results in the third quarter of 2019. In a sales and earnings per share (EPS) report released yesterday, officials report that the company’s teams, “continued to execute well,” even amid what they’re labeling as a slower market than what was initially foreseen. The […]

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