Posts Tagged ‘ Nicholas Fink ’

First-Quarter Results Show Decreases for Doors and Windows. But What About Hardware?

May 9th, 2024

Publicly traded door and window companies released their first-quarter financial results this week showing decreases in net sales among door and window manufacturers. Meanwhile, Fortune Brands Innovations added a bright spot for hardware, showing a 9% increase year over year in its security products sector. Builders FirstSource squeaked out a win with a 0.2% year-over-year […]

Fourth-Quarter Results Show Assa and Fortune Acquisitions Bode Well

Feb 15th, 2024

Fortune Brands Innovations (Therma-Tru, Solar Innovations, Larson, Yale, August) and Assa Abloy (Caldwell, Interlock) released fourth-quarter financial results in recent weeks, showing positive results from the U.S. market for smart locks. Results follow an exchange between the two companies, in which Assa Abloy divested its Yale brand to Fortune in June 2023. Net sales for […]

Assa Abloy Completes Acquisition of HHI, Dealing Yale and August to Fortune Brands

Jun 21st, 2023

Assa Abloy announced yesterday it completed the acquisition of Spectrum Brands’ Hardware and Home Improvement division (HHI) and the divestment of its U.S.- and Canada-based Emtek and Smart Residential business to Fortune Brands Innovation Inc. HHI was consolidated into Assa Abloy as of June 20, officials said, for the total consideration of $4.3 billion USD […]

Fourth-Quarter and Year-End Results Mostly Positive, Despite Challenging Year

Feb 27th, 2023

Four publicly traded door and window companies released financial results last week, showing mostly solid fourth-quarter and year-end results. Despite a housing market that slumped throughout 2022, net sales were up for Masonite and PGT Innovations in the fourth quarter. Meanwhile, reports from Fortune Brands Innovations (including Therma-Tru, Larson and Master Lock) weren’t as strong, […]

Fortune Brands Completes Separation of MasterBrand

Dec 19th, 2022

Fortune Brands Innovations Inc. has successfully completed the previously announced spin-off of its cabinets business, MasterBrand Inc. The separation creates two independent, publicly-traded companies. The company’s previously announced name change to Fortune Brands Innovations Inc. and stock ticker change to FBIN is also effective. “Since we announced the intent to separate, our teams have been […]

Fortune Brands Makes Organization and Leadership Changes

Sep 8th, 2022

Earlier this week Fortune Brands Home and Security Inc., a home and security products company, announced key organization and leadership changes, that the company says enable it to “drive accelerated growth and productivity.” “The upcoming separation of our company represents more than just the creation of two world-class, public companies; it also represents an opportunity […]

Fortune Brands, PGT Cite Increases in Second Quarter Including Organic Growth

Jul 29th, 2022

With the second quarter closing this week, financial results from across the industry are making headlines. That includes earnings reports from Fortune Brands and PGT Innovations Inc., both of which announced “strong” performances from April through June 2022. For the second quarter of 2022, Fortune Brands reported sales of $2.1 billion, an increase of 9% […]

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 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,” […]