Fortune Brands Home & Security: 2Q Earnings Snapshot
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.