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

Fiberon, a leading manufacturer of outdoor living products, has launched an updated website aimed at enhancing user experience and accessibility. The site now features improved product information, digital tools, and e-commerce capabilities, allowing for direct purchases. The redesign emphasizes consumer education and provides optimized content for all devices, ensuring ease of navigation. Senior executives highlight the strategic growth potential of e-commerce and the importance of an adaptable customer journey in purchasing outdoor products.

Fortune Brands Home & Security (NYSE: FBHS) announces a new operational structure to enhance growth and productivity. Key leadership changes include Cheri Phyfer as Group President, focusing on brand and innovation, and Ron Wilson as Chief Supply Chain Officer, overseeing global supply operations. This reorganization precedes the planned separation of the company into two publicly traded entities. The management emphasizes agility and efficiency in their operations, aiming to unlock shareholder value.

Fortune Brands Home & Security, Inc. (NYSE: FBHS) announced the extension of its $1.25 billion Senior Unsecured Revolving Credit Facility for five years, maturing on August 2, 2027. The funds will be utilized for general corporate purposes following the separation of the Cabinet business. JPMorgan Chase Bank, N.A. acts as the Administrative Agent while Bank of America, N.A. serves as the Syndication Agent. This strategic move underscores the company's commitment to maintaining a robust capital structure.

Fortune Brands Home & Security (NYSE: FBHS) has acquired Aqualisa Holdings (International) Ltd., a leading U.K. manufacturer of digital shower products, for approximately $160 million. This acquisition aligns with Fortune Brands' strategic focus on enhancing their Water Innovations business, particularly in digital and sustainable water management solutions. Aqualisa's innovative portfolio complements Fortune Brands' existing products, creating opportunities for market expansion in the U.S., U.K., and Europe.

Fortune Brands Home & Security (FBHS) reported Q2 2022 sales of $2.1 billion, a 9% increase year-over-year. Earnings per share (EPS) were $1.46, down 6%, while EPS before charges/gains was $1.67, up 7%. Operating income fell 4% to $284.1 million, with an operating margin of 13.5%. Notably, the separation of companies is ahead of schedule, with an expected increased full-year sales growth of 6.5% to 7.5%. Additionally, the company anticipates free cash flow of $590 million to $630 million.

On July 22, 2022, Fortune Brands Home & Security (NYSE: FBHS) declared a quarterly cash dividend of $0.28 per common share. The dividend is set to be paid on September 14, 2022, to stockholders of record on August 26, 2022. Fortune Brands is a Fortune 500 company with a strong presence in the home products industry, operating in segments like Water Innovations, Outdoors & Security, and Cabinets. The company emphasizes its commitment to environmental, social, and governance (ESG) initiatives.

Fortune Brands Home & Security, Inc. (NYSE: FBHS) will release its second quarter 2022 financial results after market close on July 27, 2022. The earnings call, led by CEO Nicholas Fink, CFO Patrick Hallinan, and SVP David Barry, is scheduled for 4:30 p.m. ET. A live audio webcast will be available on the company's website, with a replay accessible afterward. Fortune Brands, a leader in the home products sector, operates in categories including Water Innovations and Cabinets, employing approximately 28,000 associates.

The Master Lock Company emphasizes the critical need for electrical safety at the 2022 ASSP Safety Conference in Chicago. With an alarming statistic of 2,000 workers injured annually from arc flash incidents, the company presents its Arc Flash and Electrical Safety Services, designed to help businesses mitigate these hazards. This comprehensive service includes assessments, training, and compliance guidance, ensuring adherence to NFPA 70E and OSHA standards. The initiative aims to reduce risks and protect employees as workplaces return to normal operations.

Fiberon will showcase its new Wildwood composite cladding at the AIA Conference on June 22-25, 2022, in Chicago. The product features a sustainable design made from 94% recycled materials and aims to provide architects with a long-lasting, maintenance-free alternative to traditional wood cladding.

The Wildwood line includes two collections, Eden and Sahara, highlighting unique color palettes. Recognized as one of Green Builder magazine's Top 50 Sustainable Products, Wildwood is engineered for superior performance in various conditions, enhancing outdoor living spaces.