FORTUNE BRANDS HOME & SEC INC (DE) - FBHS STOCK NEWS

Master Lock has launched its new ProSeries® Bluetooth® Padlocks, enhancing security for businesses with a range of shackle options and cloud-based management via the Master Lock Vault Enterprise system. These padlocks simplify access control, enabling users to manage locks through mobile apps or manual codes, while reducing the complexities of physical key management. They are designed for various commercial applications, providing durability and weather resistance. With no incremental fees for software, the system promises a quick return on investment for users.

Fortune Brands Home & Security, Inc. (NYSE: FBHS) has declared a quarterly cash dividend of $0.26 per common share. This dividend is set to be paid on December 15, 2021, to stockholders of record as of the close of business on November 26, 2021. The company, headquartered in Deerfield, IL, is a leader in the home products industry, operating in three segments: Plumbing, Outdoors & Security, and Cabinets. Fortune Brands has a strong portfolio of trusted brands, including Moen, Therma-Tru, and MasterBrand Cabinets.

Chicago Children's Museum has commenced construction on its new exhibit, MOEN Presents Water City, replacing the longstanding Water Ways exhibit. Funded by a generous donation from Moen, matching a grant from the Illinois Department of Natural Resources, this new exhibit aims to engage children in water play and STEM activities. The 1,645 sq. ft. exhibit will showcase Chicago’s waterways and skyline elements, highlighting Moen's commitment to sustainability and community education. MOEN Presents Water City is expected to open in 2022.

Moen's 2021 Design Trends Report highlights the rising trend of personal expression in home decor, emphasizing the importance of personalized options for enhancing wellness. Key trends include 1930s vintage glamour, maximalism, playfulness, and the decoration of kitchens and bathrooms. Moen is increasingly offering customizable products, such as the Cia™ and Paterson™ faucets, to cater to diverse consumer tastes. This approach not only enriches personal style but also reflects a broader desire for homes that feel uniquely personal and vibrant.

Fortune Brands Home & Security (NYSE: FBHS) reported strong Q2 2021 results, with sales reaching $1.9 billion, a 41% increase from Q2 2020. Earnings per share (EPS) rose to $1.55, compared to $0.83 last year. Operating income improved significantly to $294.9 million, up 70% year-over-year. The company has raised its 2021 sales growth forecast to 23-25%, driven by high performance across its segments. Despite ongoing inflation and supply chain challenges, Fortune Brands remains confident in its long-term growth strategy and solid financial position.

Fortune Brands Home & Security (FBHS) announced a $400 million share repurchase authorization over the next two years, supplementing the existing $306 million from a prior plan. The repurchases will take place based on market conditions, and there's no obligation to buy any specific amount. The new authorization is valid until July 23, 2023. Additionally, the Board declared a quarterly cash dividend of $0.26 per share, payable on September 15, 2021, to shareholders on record by August 27, 2021. This proactive capital management reflects confidence in the company's growth and commitment to shareholder value.

Fortune Brands Home & Security (NYSE: FBHS) will announce its second quarter 2021 financial results after the market closes on July 28, 2021. A conference call hosted by CEO Nicholas Fink and CFO Patrick Hallinan will take place at 4:30 p.m. ET to discuss the results, with a live audio webcast available on their website. The company, a leader in the home products industry with trusted brands like Moen, is committed to fulfilling customer dreams through its 27,500 associates and expanding ESG initiatives.

The House of Rohl, a luxury plumbing brand, reveals that 36% of Americans plan to update their kitchens and bathrooms within the year. Notably, 44% of households earning over $150K intend to renovate. Key insights include a focus on home entertaining and personal relaxation, with 70% desiring homes that provide a calming retreat. The survey shows a willingness to invest more in home renovations, especially among higher-income consumers. Lasting style trends include personalized aesthetics, soothing colors, and a biophilic approach to design. The survey was conducted with 1,016 U.S. respondents from May 25-28, 2021.