Posts Tagged ‘ Nicholas Fink ’

Fortune Brands Completes Separation of MasterBrand

Dec 19th, 2022

Fortune Brands Innovations Inc. has successfully completed the previously announced spin-off of its cabinets business, MasterBrand Inc. The separation creates two independent, publicly-traded companies. The company’s previously announced name change to Fortune Brands Innovations Inc. and stock ticker change to FBIN is also effective. “Since we announced the intent to separate, our teams have been […]

Fortune Brands Makes Organization and Leadership Changes

Sep 8th, 2022

Earlier this week Fortune Brands Home and Security Inc., a home and security products company, announced key organization and leadership changes, that the company says enable it to “drive accelerated growth and productivity.” “The upcoming separation of our company represents more than just the creation of two world-class, public companies; it also represents an opportunity […]

Fortune Brands, PGT Cite Increases in Second Quarter Including Organic Growth

Jul 29th, 2022

With the second quarter closing this week, financial results from across the industry are making headlines. That includes earnings reports from Fortune Brands and PGT Innovations Inc., both of which announced “strong” performances from April through June 2022. For the second quarter of 2022, Fortune Brands reported sales of $2.1 billion, an increase of 9% […]

Fortune Brands Splits into Two Publicly-Traded Companies

Apr 29th, 2022

Along with its report for the first quarter of 2022, home and security products company Fortune Brands Home & Security Inc., headquartered in Deerfield, Ill., announced a split into two publicly-traded companies. Fortune Brands announced on Thursday, April 28 that the split comes with the pursuit of a tax-free spinoff for its cabinets business. New […]

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

Feb 8th, 2022

Fortune Brands Home & Security Inc., a home and security products company, has been named to Fortune magazine’s List of World’s Most Admired Companies for 2022. “It is an honor to once again be featured on Fortune’s list of the world’s most admired companies,” said Nicholas Fink, CEO. “This recognition demonstrates that our commitment to […]

Fortune Brands Reports 2021 Growth

Feb 4th, 2022

Fortune Brands Home & Security Inc., a home and security products company, announced full-year financial results for 2021, which include $7.7 billion in sales, an increase of approximately 26% over 2020. Operating income was $1.1 billion, compared to $801.4 million in the prior year, an increase of 36%. “Our teams’ performance was exemplary in 2021,” […]

Fortune Brands Acquires Solar Innovations; Further Expands Outdoor Living Offerings

Feb 1st, 2022

Fortune Brands Home & Security Inc. announced it has acquired Solar Innovations LLC, producer of wide-opening exterior door systems and outdoor enclosures. Solar Innovations will be part of Fortune Brands’ Outdoors & Security business segment, and Fortune says Solar Innovations’ product offerings will support the segment’s outdoor living strategy and help Fortune Brands to further […]

Fortune Brands Recognized by Newsweek as One of America’s Most Responsible Companies

Dec 10th, 2021

For the third year in a row, Fortune Brands Home & Security Inc., a home and security products company, was listed on Newsweek’s 2022 list of America’s Most Responsible Companies. The company ranked No. 14 in the Consumer Goods category, and No. 110 of 500 companies overall, moving up more than 100 spots on this […]

Fortune Brands Reports Strong Third Quarter

Oct 28th, 2021

Fortune Brands Home & Security Inc., a home and security products company, recently announced its third quarter 2021 results, which included sales that approached $2.0 billion, an increase of 20% over the third quarter of 2020. Earnings per share (EPS) were $1.45, an increase over the $1.17 from the prior-year quarter. EPS before charges/gains were […]

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 […]

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