Fortune Brands Innovations news focuses on a public company identified in its releases as NYSE: FBIN and described as a home, security and digital products company. Its announcements cover products for residential and commercial environments, with brands such as Moen, House of Rohl, Aqualisa, SpringWell, Therma-Tru, Larson, Fiberon, Master Lock, Sentry Safe and Yale residential.
News about Fortune Brands can matter because the company’s public materials span several distinct product areas. Coverage may include quarterly results, dividend declarations, leadership appointments, inducement equity awards, product and brand announcements, and portfolio decisions involving named businesses such as Fiberon.
Product-related announcements have referenced Therma-Tru doors, Fiberon cladding and decking, Larson storm doors and retractable screens, Fypon decorative trim and Solar Innovations glass structures. House of Rohl coverage may involve its luxury décor portfolio for kitchen, bath and whole-home design, including Riobel, Perrin & Rowe, Shaws, Victoria + Albert, ROHL, Emtek and Schaub.
For investors researching FBHS, Fortune Brands news should be read with attention to the ticker used in company releases, which identify Fortune Brands Innovations as FBIN. The most relevant items are those that connect operating results, dividends, brand activity, product categories and portfolio review to the company’s home, security and digital products identity.
The House of Rohl showcases new products at the virtual Kitchen & Bath Industry Show (KBIS) from Feb. 9-12, 2021. Highlights include a collaboration with Wallpaper* to introduce new color palettes for Victoria + Albert's bathtubs and sinks, emphasizing personalization. The Riobel brand celebrates 25 years with the launch of the Reflet™ Bath Collection, which features touchless technology in its faucets. New kitchen collections from Perrin & Rowe and ROHL further enhance the product lineup. House of Rohl aims to provide elegant home solutions that reflect modern consumer desires.
Fortune Brands Home & Security (NYSE: FBHS) reported strong fourth quarter and full-year 2020 results, highlighting a 13% sales increase to $1.7 billion for Q4 and a 6% rise to approximately $6.1 billion for the full year. EPS rose to $1.16 in Q4 and $3.94 for the year. The company achieved operating income of $233.2 million for Q4 and $801.4 million for the year, marking substantial operational improvements. Looking ahead, FBHS anticipates 12.5% to 14.5% sales growth in 2021 and expects EPS before charges/gains between $4.85 and $5.05.
Summary not available.
Fypon is set to launch the 2021 Fypon Virtual Experience on February 2, aiming to showcase its innovative products and current industry trends. This immersive experience will be part of the IBSx online event, enabling trade partners to engage with Fypon’s offerings in a digital environment. Participants can access the content at any time, enhancing Fypon’s digital footprint and supporting the NAHB. According to Paul Mihm, senior vice president of sales, this initiative is designed to connect with partners safely and showcase new products.
Fiberon has unveiled its 2021 product line through a Virtual Experience starting February 2, 2021, at fiberondecking.com/2021virtualexperience. This immersive platform features new and existing products, educational materials, and live Q&A sessions, enhancing their digital footprint during IBSx. Highlights include new composite decking options, innovative fasteners, and outdoor lighting solutions. The experience continues until December 31, 2021. Fiberon aims to connect with builders and homeowners while showcasing its dedication to sustainability and innovative designs.
Fortune Brands Home & Security (NYSE: FBHS) is set to release its fourth quarter and full-year 2020 financial results on February 2, 2021, after market close. A conference call featuring CEO Nicholas Fink, CFO Patrick Hallinan, and SVP Brian Lantz will take place at 4:30 p.m. ET to discuss the results. The call can be accessed via a live internet audio webcast on the company's website with a replay available shortly after the call concludes. FBHS operates in segments like Plumbing and Cabinets and holds a market leadership position across its trusted brands.
Moen has launched a pioneering smart water network aimed at enhancing convenience and security in home water management. Highlighted at CES 2021, the network includes innovative products like the U by Moen Smart Faucet for touchless kitchen usability and the Flo by Moen Smart Water Security System, which monitors for water leaks and risks. These products aim to simplify water management for homeowners, reducing potential water damage. Moen's initiatives underscore its role in the smart home revolution, reinforcing its market position within Fortune Brands Home & Security (FBHS).
Fortune Brands Home & Security (NYSE: FBHS) has appointed Susan Saltzbart Kilsby as the new non-executive chair, effective January 1, 2021. Kilsby, an independent director since 2015, previously held significant roles in investment banking and has served as chair of Shire plc. The transition follows Christopher Klein's retirement as executive chairman, part of a multi-year leadership transition plan. Kilsby’s appointment aims to enhance Board diversity and leverage her extensive market understanding, ensuring strong leadership continuity.
Fiberon has announced the launch of the 2021 Fiberon Virtual Experience, set to begin in February. This immersive platform is designed to showcase both new and existing products while providing an interactive learning environment featuring modules on decking, railing, cladding, and lighting. Chris Hayn, Fiberon’s VP of Sales, emphasized the importance of safely engaging with media and customers through this innovative digital setting, which will include educational materials, videos, selling tools, and live Q&A sessions.
Fortune Brands Home & Security (NYSE: FBHS) has successfully acquired LARSON Manufacturing, the leading North American brand of storm, screen, and security doors, for approximately $660 million. This acquisition, completed using cash and borrowings, adds LARSON's $390 million revenue portfolio to Fortune Brands' Outdoors & Security segment. LARSON, based in Brookings, SD, boasts 1,200 associates and multiple manufacturing locations across the U.S. The existing management and workforce will remain intact post-acquisition.