Four publicly traded door and window companies released financial results last week, showing mostly solid fourth-quarter and year-end results. Despite a housing market that slumped throughout 2022, net sales were up for Masonite and PGT Innovations in the fourth quarter. Meanwhile, reports from Fortune Brands Innovations (including Therma-Tru, Larson and Master Lock) weren’t as strong, […]

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 […]

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 […]

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% […]

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 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 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 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 […]

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 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 […]