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

Fortune Brands Global Plumbing Group (GPG) has announced key leadership changes with the promotion of Ashley George to Chief Financial Officer and the hiring of Chris Fallon as Chief Information Officer. George, who joined GPG in 2018, will drive global finance strategy, ensuring alignment with financial plans for continued growth. Fallon, previously with Starbucks, will focus on digital transformation to enhance competitive advantage. These appointments reflect GPG's commitment to strategic leadership and innovation in the plumbing industry.

In its third quarter 2021 report, Fortune Brands Home & Security (NYSE: FBHS) highlighted a 20% increase in sales year-over-year, approaching $2.0 billion. Earnings per share (EPS) rose 24% to $1.45, with EPS before charges/gains up 25% to $1.49. Despite supply chain and labor challenges, the company reaffirmed its commitment to long-term growth and margin targets. It revised its 2021 sales outlook to a growth range of 24.5% to 25.5%. The company continues to show strong liquidity, with $461 million in cash and active stock repurchases totaling over $380 million this year.

Fortune Brands Home & Security, Inc. (NYSE: FBHS) will release its Q3 2021 financial results after the market closes on Tuesday, October 26, 2021. A conference call featuring CEO Nicholas Fink, CFO Patrick Hallinan, and SVP David Barry will take place at 4:30 p.m. ET to discuss the results. Investors can access a live audio webcast on the company's website. Fortune Brands, headquartered in Deerfield, IL, is a leader in the home products sector with a strong market presence across its segments including Plumbing, Outdoors & Security, and Cabinets.

Master Lock has launched its new ProSeries® Bluetooth® Padlocks, enhancing security for businesses with a range of shackle options and cloud-based management via the Master Lock Vault Enterprise system. These padlocks simplify access control, enabling users to manage locks through mobile apps or manual codes, while reducing the complexities of physical key management. They are designed for various commercial applications, providing durability and weather resistance. With no incremental fees for software, the system promises a quick return on investment for users.

Fortune Brands Home & Security, Inc. (NYSE: FBHS) has declared a quarterly cash dividend of $0.26 per common share. This dividend is set to be paid on December 15, 2021, to stockholders of record as of the close of business on November 26, 2021. The company, headquartered in Deerfield, IL, is a leader in the home products industry, operating in three segments: Plumbing, Outdoors & Security, and Cabinets. Fortune Brands has a strong portfolio of trusted brands, including Moen, Therma-Tru, and MasterBrand Cabinets.

Chicago Children's Museum has commenced construction on its new exhibit, MOEN Presents Water City, replacing the longstanding Water Ways exhibit. Funded by a generous donation from Moen, matching a grant from the Illinois Department of Natural Resources, this new exhibit aims to engage children in water play and STEM activities. The 1,645 sq. ft. exhibit will showcase Chicago’s waterways and skyline elements, highlighting Moen's commitment to sustainability and community education. MOEN Presents Water City is expected to open in 2022.

Moen's 2021 Design Trends Report highlights the rising trend of personal expression in home decor, emphasizing the importance of personalized options for enhancing wellness. Key trends include 1930s vintage glamour, maximalism, playfulness, and the decoration of kitchens and bathrooms. Moen is increasingly offering customizable products, such as the Cia™ and Paterson™ faucets, to cater to diverse consumer tastes. This approach not only enriches personal style but also reflects a broader desire for homes that feel uniquely personal and vibrant.