Fortune Brands Home & Security: Q1 Earnings Snapshot | #Adroid | #security


DEERFIELD, Ill. (AP) _ Fortune Brands Home & Security Inc. (FBHS) on Thursday reported first-quarter net income of $177.8 million.

The Deerfield, Illinois-based company said it had profit of $1.26 per share. Earnings, adjusted for restructuring costs and non-recurring costs, were $1.36 per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share.

The maker of products for the home, like faucets, cabinets, windows and doors posted revenue of $1.77 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $1.64 billion.


Fortune Brands Home & Security expects full-year earnings in the range of $5.45 to $5.65 per share.

Fortune Brands Home & Security shares have increased 23% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $105.02, more than doubling in the last 12 months.

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