FORTUNE BRANDS HOME & SEC INC (DE) Stock Price, News & Analysis

Fortune Brands Home & Security (NYSE: FBHS) has declared a quarterly cash dividend of $0.26 per common share, payable on June 16, 2021, to stockholders on record as of May 28, 2021. The company, a leader in the home products industry, employs 27,500 associates and operates in three segments: Plumbing, Outdoors & Security, and Cabinets. With trusted brands like Moen and MasterBrand Cabinets, FBHS continues to enhance its portfolio while focusing on environmental, social, and governance (ESG) commitments.

Fortune Brands Home & Security (FBHS) reported strong Q1 2021 results with $1.8 billion in sales, a 26% increase year-over-year. EPS rose to $1.26, up from $0.77 in Q1 2020. Operating income reached $248.4 million, a 60% increase. Segment highlights include 33% growth in Plumbing sales and 47% in Outdoors & Security, boosted by the LARSON acquisition. The company anticipates 20%-22% sales growth for 2021 and expects EPS to range from $5.45 to $5.65. With a strong balance sheet, FBHS is well-positioned for continued growth amid a robust housing market.

Moen is launching an NFT auction featuring five unique artworks inspired by the world's major ocean gyres to combat plastic pollution. The auction, running from April 22-28, 2021, aims to raise funds for 5 Gyres, a non-profit focused on reducing plastic waste. Proceeds will support efforts to halt plastic pollution at its source. As part of its Mission Moen initiative, the company pledges to recover 2,000 tons of ocean-bound plastic by 2030 and has already committed to saving 1 trillion gallons of water through its products.

Therma-Tru has been recognized as the "Brand Used Most" in the entry doors category for over 20 years, according to the 2021 Builder Brand Use Study by Zonda. The company ranked first in both "Brand Used Most" and "Brand Used Most in the Past Two Years," tied for first in "Highest Quality," and was second in "Brand Familiarity." President Fenton Challgren emphasized the importance of these accolades in strengthening relationships with builders. The company supports builders with discounted door options and a newly added Virtual Experience for trade professionals.

Master Lock is celebrating its 100-year anniversary by launching the 'Community Champions' program to honor individuals who positively impact their communities. Nominations can be submitted until September 1, 2021, for a chance to win up to $5,000 in cash and other prizes. The program is in partnership with Donald Driver, a celebrated football champion and community advocate. Master Lock aims to recognize role models who show strength and resilience in their communities, with five winners receiving $500 each in cash and product donations.

Fortune Brands Home & Security, Inc. (NYSE: FBHS) will announce its first quarter 2021 financial results on April 29, 2021, after market close. CEO Nicholas Fink, CFO Patrick Hallinan, and SVP David Barry will host a conference call at 4:30 p.m. ET to discuss these results. Investors can access a live webcast on the company’s website. Fortune Brands is a leading player in the home products sector with a diverse portfolio, including brands such as Moen and Fiberon. The firm emphasizes commitment to environmental, social, and governance principles.

Fortune Brands Home & Security (NYSE: FBHS) has appointed David Barry as senior vice president of finance and investor relations, reporting to CFO Patrick Hallinan. Barry, who has been with the company since 2015, previously served as CFO of the Global Plumbing Group. His extensive experience in finance and familiarity with housing market dynamics are expected to enhance investor relations. Barry succeeds Brian Lantz, who is departing after ten years of building the investor relations function. Fortune Brands operates in the home products industry with a portfolio of well-known brands.

Fiberon has introduced its new Wildwood composite cladding, merging the aesthetic appeal of wood with the resilience of durable, low-maintenance materials. This innovative product features an open-joint profile and comes in various board lengths and widths, offering enhanced design flexibility for construction projects. It aims to provide an easy installation solution while ensuring long-term performance and warranty coverage.