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

Fypon has been recognized as the top brand in the Decorative Mouldings/Trim/Columns: Interior category in the 2022 Builder Brand Use Study conducted by Zonda. The company achieved the highest rankings for 'Brand Used Most' and 'Brand Used at All' over the past two years, along with the lead in 'Brand Familiarity.' Additionally, Fypon secured second place for 'Highest Quality' in the Interior category. The survey involved 864 responses from builders nationwide, affirming Fypon’s strong customer service and support efforts in the millwork sector.

Fiberon announced that its Wildwood PE composite cladding has been featured among Green Builder's Top 50 Sustainable Products of the Year. Made from 94% recycled materials, this cladding offers architects a long-lasting, maintenance-free alternative to traditional wood. Fiberon emphasizes its commitment to sustainability, aiming to produce high-performing building products. The Wildwood cladding provides design flexibility, durability against decay, and does not require staining or painting like wood. Visit fiberoncladding.com for more details.

Fiberon, a prominent manufacturer of outdoor living products, has broken ground on a new manufacturing facility in Columbia, Tennessee, on May 10. The facility, covering over 500,000 square feet on a 130-acre site, aims to create more than 300 full-time jobs within five years. Production, focusing on PE decking and composite cladding, is set to commence in late 2024. The facility emphasizes sustainability, featuring energy-efficient technologies and an on-site recycling operation. This expansion reflects Fiberon's commitment to meeting increasing demand for outdoor living products.

The House of Rohl, a luxury plumbing brand portfolio, has launched a new campaign titled 'Life Well Crafted' to promote its growth. This initiative collaborates with Hollywood creators to highlight luxury design in everyday life, featuring black-and-white cinematic storytelling directed by Gia Coppola. The campaign integrates products from Rohl's five brands—Riobel, Perrin & Rowe, Shaws, Victoria + Albert, and ROHL—showcasing their design potential in kitchen and bath. The campaign will reach audiences through various media channels across the U.S. and Canada.

Fortune Brands Home & Security, Inc. (NYSE: FBHS) announced a quarterly cash dividend of $0.28 per common share on May 2, 2022. This dividend is payable on June 15, 2022, to stockholders of record as of May 27, 2022. As an industry leader in home and security products with over 28,000 associates, the company maintains its strong market presence and commitment to environmental, social, and governance initiatives.

Fortune Brands Home & Security (NYSE: FBHS) announced plans for a tax-free spin-off of its Cabinets business to create two publicly traded companies. The 1Q 2022 financial results showed sales of $1.9 billion, up 8% year-over-year, with EPS of $1.34, a 6% increase. However, EPS before charges/gains decreased by 4%. The company has adjusted its full-year EPS outlook upward, reflecting share repurchases. The potential spin-off aims to maximize shareholder value and is subject to further board approval, expected to complete in approximately 12 months.

Fortune Brands Home & Security (FBHS) has partnered with Yellowstone Forever, committing to support sustainability initiatives at Yellowstone National Park. Over the next three years, FBHS will provide monetary contributions and product donations from its brands, aimed at revitalizing employee housing and enhancing sustainability. Notable donations include Moen faucets and Energy Star qualified Therma-Tru doors. This partnership aligns with FBHS's ESG commitments, enhancing comfort and functionality in park facilities while supporting resource conservation.

Fortune Brands Home & Security, Inc. (NYSE: FBHS) will release its first quarter 2022 financial results on April 28, 2022, after market close. A conference call will be held at 4:30 p.m. ET featuring CEO Nicholas Fink, CFO Patrick Hallinan, and SVP David Barry to discuss the results. The call will be available via a live audio webcast on the company’s website. Fortune Brands is a leading provider in the home and security products sector, with a portfolio that includes brands such as Moen and Therma-Tru.

Fortune Brands Home & Security (NYSE: FBHS) announced a $900 million public offering of senior unsecured notes on March 22, 2022. This includes $450 million of 4.000% notes maturing in 2032 and $450 million of 4.500% notes maturing in 2052, with a net weighted-average interest rate of approximately 3.950%. The offering closed on March 25, 2022, and proceeds will be used to pay down a portion of existing term loans and for general corporate purposes. The offering was over-subscribed, indicating strong investor demand.