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Moen has launched the Smart Water Network, a pioneering whole-home ecosystem designed to give homeowners complete control over water management via a smartphone app. This system includes products like the Smart Faucet, Smart Leak Detector, and Flo Smart Water Monitor, allowing users to monitor water usage, detect leaks, and customize water flow and temperature. With 24/7 automated security features, homeowners can prevent water damage effectively. The app further enhances user experience by integrating data science for improved functionality.
Fiberon announces the launch of the 2022 Fiberon Virtual Experience on
Therma-Tru and Fypon announce the launch of the 2022 Virtual Experience on February 1, 2022, offering building professionals a chance to explore new products aligned with design trends: Casual Haven, Renewed History, and Modern Revival. This immersive online portal provides 24/7 access to product information and training resources. Both companies are part of Fortune Brands Home & Security (Ticker: FBHS), which leads in home products and innovative brands. For more details, visit thermatru.com/virtualexperience and fypon.com/virtualexperience.
Fortune Brands Home & Security, Inc. (NYSE: FBHS) has appointed Hiranda Donoghue as the new senior vice president, general counsel, and corporate secretary. She will oversee global legal operations and corporate governance while reporting directly to CEO Nicholas Fink. Donoghue brings substantial experience from her previous roles at Baxter International and Walgreens Boots Alliance. She takes over from Robert Biggart, who retires this year. This leadership change aims to support Fortune Brands' growth strategy and enhance its legal compliance efforts.
Fortune Brands Home & Security (NYSE: FBHS) announced a quarterly cash dividend increase from $0.26 to $0.28 per common share, payable on March 16, 2022. The record date for shareholders is February 25, 2022. This increase demonstrates the Board's confidence in the company's long-term cash flow potential and strategic focus on building shareholder value through investments, acquisitions, and returned cash. Fortune Brands is a leader in the home and security products sector, with notable brands like Moen and Master Lock.
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.
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