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Fortune Brands Home & Security: 2Q Earnings Snapshot

August 1, 2019

DEERFIELD, Ill. (AP) _ Fortune Brands Home & Security Inc. (FBHS) on Thursday reported second-quarter earnings of $137.5 million.

The Deerfield, Illinois-based company said it had net income of 97 cents per share. Earnings, adjusted for restructuring costs and pretax expenses, came to $1.03 per share.

The results matched Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of $1.03 per share.

The maker of products for the home, like faucets, cabinets, windows and doors posted revenue of $1.51 billion in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $1.53 billion.

Fortune Brands Home & Security expects full-year earnings in the range of $3.53 to $3.67 per share.

Fortune Brands Home & Security shares have risen 39% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $52.96, a fall of 7% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FBHS at https://www.zacks.com/ap/FBHS

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