Fortune Brands Home & Security (NYSE:FBHS) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Fortune Brands Home & Security Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 200% to $0.24 in the quarter versus EPS of $0.08 in the year-earlier quarter.
Revenue: Rose 11.42% to $890 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Fortune Brands Home & Security reported adjusted EPS income of $0.24 per share. By that measure, the company beat the mean analyst estimate of $0.16. It beat the average revenue estimate of $862.54 million.
Quoting Management: “Our strong results, including outperforming the market through profitable growth, are due to aggressive moves we’ve made over the last several years to position the Company to leverage the market recovery. We are increasing our annual outlook as well as driving incremental shareholder value by initiating a dividend and announcing a strategic acquisition,” said Chris Klein, chief executive officer, Fortune Brands Home & Security.
Key Stats (on next page)…