Fortune Brands Home & Security (NYSE:FBHS) delivered a profit and beat Wall Street’s expectations, AND met the revenue expectation. Shares are up 1.78%.
Fortune Brands Home & Security Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 41.38% to $0.41 in the quarter versus EPS of $0.29 in the year-earlier quarter.
Revenue: Rose 11.19% to $1.04 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Fortune Brands Home & Security reported adjusted EPS income of $0.41 per share. By that measure, the company beat the mean analyst estimate of $0.39. It met the average revenue estimate of $1.04 billion.
Quoting Management: “We continue to leverage the market recovery with strong second quarter results,” said Chris Klein, chief executive officer, Fortune Brands Home & Security. “We developed solid momentum in the first half of the year by focusing on profitable growth. Based on our strong first half performance, our continued confidence in the home products market, and our efficient closing of the WoodCrafters acquisition, we are again increasing our annual outlook.”
Key Stats (on next page)…
Revenue increased 16.85% from $890 million in the previous quarter. EPS increased 70.83% from $0.24 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.37 to a profit $0.38. For the current year, the average estimate has moved up from a profit of $1.23 to a profit of $1.36 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)