Posts Tagged ‘ Fortune Brands Home & Security Inc. ’

ASSA ABLOY Sells Emtek, Smart Residential Business in US and Canada

Dec 2nd, 2022

ASSA ABLOY says it has entered into binding agreements with Fortune Brands Home & Security Inc. to sell Emtek and the Smart Residential business in the U.S. and Canada. The transaction is ASSA ABLOY’s bid to fully resolve alleged competitive concerns surrounding its proposed acquisition of the Hardware and Home Improvement (HHI) division of Spectrum […]

Fortune Brands Extends Existing Revolving Credit Agreement

Aug 4th, 2022

Fortune Brands Home & Security Inc. announced that on Aug. 2, 2022, it executed an extension of its existing five-year revolving credit agreement. The new agreement extends the company’s current $1.25 billion Senior Unsecured Revolving Credit Facility for a five-year term, dated for maturity on Aug. 2, 2027. The proceeds from the agreement will be […]

Fortune Brands Splits into Two Publicly-Traded Companies

Apr 29th, 2022

Along with its report for the first quarter of 2022, home and security products company Fortune Brands Home & Security Inc., headquartered in Deerfield, Ill., announced a split into two publicly-traded companies. Fortune Brands announced on Thursday, April 28 that the split comes with the pursuit of a tax-free spinoff for its cabinets business. New […]

Fortune Brands Announces $750 Million Share Repurchase Authorization

Mar 4th, 2022

Fortune Brands Home & Security Inc., a home and security products company, has announced that its Board of Directors authorized the repurchase of up to $750 million of shares of the company’s outstanding common stock over the next two years on the open market or in privately negotiated transactions in accordance with applicable securities laws. […]

Fortune Brands Announces $750 Million Share Repurchase Authorization

Mar 3rd, 2022

Fortune Brands Home & Security Inc., a home and security products company, has announced that its Board of Directors authorized the repurchase of up to $750 million of shares of the company’s outstanding common stock over the next two years on the open market or in privately negotiated transactions in accordance with applicable securities laws. […]

Fortune Brands Named to Fortune Magazine’s List of World’s Most Admired Companies

Feb 8th, 2022

Fortune Brands Home & Security Inc., a home and security products company, has been named to Fortune magazine’s List of World’s Most Admired Companies for 2022. “It is an honor to once again be featured on Fortune’s list of the world’s most admired companies,” said Nicholas Fink, CEO. “This recognition demonstrates that our commitment to […]

Fortune Brands Reports 2021 Growth

Feb 4th, 2022

Fortune Brands Home & Security Inc., a home and security products company, announced full-year financial results for 2021, which include $7.7 billion in sales, an increase of approximately 26% over 2020. Operating income was $1.1 billion, compared to $801.4 million in the prior year, an increase of 36%. “Our teams’ performance was exemplary in 2021,” […]

Fortune Brands Acquires Solar Innovations; Further Expands Outdoor Living Offerings

Feb 1st, 2022

Fortune Brands Home & Security Inc. announced it has acquired Solar Innovations LLC, producer of wide-opening exterior door systems and outdoor enclosures. Solar Innovations will be part of Fortune Brands’ Outdoors & Security business segment, and Fortune says Solar Innovations’ product offerings will support the segment’s outdoor living strategy and help Fortune Brands to further […]

Fortune Brands Recognized by Newsweek as One of America’s Most Responsible Companies

Dec 10th, 2021

For the third year in a row, Fortune Brands Home & Security Inc., a home and security products company, was listed on Newsweek’s 2022 list of America’s Most Responsible Companies. The company ranked No. 14 in the Consumer Goods category, and No. 110 of 500 companies overall, moving up more than 100 spots on this […]

Fortune Brands Reports Strong Third Quarter

Oct 28th, 2021

Fortune Brands Home & Security Inc., a home and security products company, recently announced its third quarter 2021 results, which included sales that approached $2.0 billion, an increase of 20% over the third quarter of 2020. Earnings per share (EPS) were $1.45, an increase over the $1.17 from the prior-year quarter. EPS before charges/gains were […]