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

Moen has unveiled innovative products at the KBIS 2021 Virtual Experience, focusing on enhancing daily interactions with water. New offerings include the U by Moen Smart Faucet, featuring touchless technology, and the Cia Bathroom Faucet, designed for hands-free use. The Moen Aromatherapy Handshower introduces essential oils for a spa-like experience, while the Nebia by Moen Spa Shower promises reduced water usage. Additionally, the Flo by Moen Smart Water Security System offers 24/7 protection against leaks, empowering consumers to manage home water efficiently.

The House of Rohl showcases new products at the virtual Kitchen & Bath Industry Show (KBIS) from Feb. 9-12, 2021. Highlights include a collaboration with Wallpaper* to introduce new color palettes for Victoria + Albert's bathtubs and sinks, emphasizing personalization. The Riobel brand celebrates 25 years with the launch of the Reflet™ Bath Collection, which features touchless technology in its faucets. New kitchen collections from Perrin & Rowe and ROHL further enhance the product lineup. House of Rohl aims to provide elegant home solutions that reflect modern consumer desires.

Fortune Brands Home & Security (NYSE: FBHS) reported strong fourth quarter and full-year 2020 results, highlighting a 13% sales increase to $1.7 billion for Q4 and a 6% rise to approximately $6.1 billion for the full year. EPS rose to $1.16 in Q4 and $3.94 for the year. The company achieved operating income of $233.2 million for Q4 and $801.4 million for the year, marking substantial operational improvements. Looking ahead, FBHS anticipates 12.5% to 14.5% sales growth in 2021 and expects EPS before charges/gains between $4.85 and $5.05.

Fypon is set to launch the 2021 Fypon Virtual Experience on February 2, aiming to showcase its innovative products and current industry trends. This immersive experience will be part of the IBSx online event, enabling trade partners to engage with Fypon’s offerings in a digital environment. Participants can access the content at any time, enhancing Fypon’s digital footprint and supporting the NAHB. According to Paul Mihm, senior vice president of sales, this initiative is designed to connect with partners safely and showcase new products.

Fiberon has unveiled its 2021 product line through a Virtual Experience starting February 2, 2021, at fiberondecking.com/2021virtualexperience. This immersive platform features new and existing products, educational materials, and live Q&A sessions, enhancing their digital footprint during IBSx. Highlights include new composite decking options, innovative fasteners, and outdoor lighting solutions. The experience continues until December 31, 2021. Fiberon aims to connect with builders and homeowners while showcasing its dedication to sustainability and innovative designs.

Fortune Brands Home & Security (NYSE: FBHS) is set to release its fourth quarter and full-year 2020 financial results on February 2, 2021, after market close. A conference call featuring CEO Nicholas Fink, CFO Patrick Hallinan, and SVP Brian Lantz will take place at 4:30 p.m. ET to discuss the results. The call can be accessed via a live internet audio webcast on the company's website with a replay available shortly after the call concludes. FBHS operates in segments like Plumbing and Cabinets and holds a market leadership position across its trusted brands.

Moen has launched a pioneering smart water network aimed at enhancing convenience and security in home water management. Highlighted at CES 2021, the network includes innovative products like the U by Moen Smart Faucet for touchless kitchen usability and the Flo by Moen Smart Water Security System, which monitors for water leaks and risks. These products aim to simplify water management for homeowners, reducing potential water damage. Moen's initiatives underscore its role in the smart home revolution, reinforcing its market position within Fortune Brands Home & Security (FBHS).

Fortune Brands Home & Security (NYSE: FBHS) has appointed Susan Saltzbart Kilsby as the new non-executive chair, effective January 1, 2021. Kilsby, an independent director since 2015, previously held significant roles in investment banking and has served as chair of Shire plc. The transition follows Christopher Klein's retirement as executive chairman, part of a multi-year leadership transition plan. Kilsby’s appointment aims to enhance Board diversity and leverage her extensive market understanding, ensuring strong leadership continuity.