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

Fortune Brands Home & Security (FBHS) announced a $400 million share repurchase authorization over the next two years, supplementing the existing $306 million from a prior plan. The repurchases will take place based on market conditions, and there's no obligation to buy any specific amount. The new authorization is valid until July 23, 2023. Additionally, the Board declared a quarterly cash dividend of $0.26 per share, payable on September 15, 2021, to shareholders on record by August 27, 2021. This proactive capital management reflects confidence in the company's growth and commitment to shareholder value.

Fortune Brands Home & Security (NYSE: FBHS) will announce its second quarter 2021 financial results after the market closes on July 28, 2021. A conference call hosted by CEO Nicholas Fink and CFO Patrick Hallinan will take place at 4:30 p.m. ET to discuss the results, with a live audio webcast available on their website. The company, a leader in the home products industry with trusted brands like Moen, is committed to fulfilling customer dreams through its 27,500 associates and expanding ESG initiatives.

The House of Rohl, a luxury plumbing brand, reveals that 36% of Americans plan to update their kitchens and bathrooms within the year. Notably, 44% of households earning over $150K intend to renovate. Key insights include a focus on home entertaining and personal relaxation, with 70% desiring homes that provide a calming retreat. The survey shows a willingness to invest more in home renovations, especially among higher-income consumers. Lasting style trends include personalized aesthetics, soothing colors, and a biophilic approach to design. The survey was conducted with 1,016 U.S. respondents from May 25-28, 2021.

Fiberon has partnered with Breezesta to launch Fiberon Furniture by Breezesta, a premium collection of sustainable outdoor furniture complementing Fiberon decking. Available online since June 2021, the collection features durable, eco-friendly pieces crafted from recycled materials. This move taps into the growing online shopping trend and expands Fiberon's reach into outdoor furniture. The offerings include the Chill and Coastal Collections, with the innovative Fire & Ice Table designed for versatile outdoor use. Fiberon maintains a strong commitment to sustainability, using high-density polyethylene from recycled plastics.

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.