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

Fortune Brands Home & Security (FBHS) reported Q2 2022 sales of $2.1 billion, a 9% increase year-over-year. Earnings per share (EPS) were $1.46, down 6%, while EPS before charges/gains was $1.67, up 7%. Operating income fell 4% to $284.1 million, with an operating margin of 13.5%. Notably, the separation of companies is ahead of schedule, with an expected increased full-year sales growth of 6.5% to 7.5%. Additionally, the company anticipates free cash flow of $590 million to $630 million.

On July 22, 2022, Fortune Brands Home & Security (NYSE: FBHS) declared a quarterly cash dividend of $0.28 per common share. The dividend is set to be paid on September 14, 2022, to stockholders of record on August 26, 2022. Fortune Brands is a Fortune 500 company with a strong presence in the home products industry, operating in segments like Water Innovations, Outdoors & Security, and Cabinets. The company emphasizes its commitment to environmental, social, and governance (ESG) initiatives.

Fortune Brands Home & Security, Inc. (NYSE: FBHS) will release its second quarter 2022 financial results after market close on July 27, 2022. The earnings call, led by CEO Nicholas Fink, CFO Patrick Hallinan, and SVP David Barry, is scheduled for 4:30 p.m. ET. A live audio webcast will be available on the company's website, with a replay accessible afterward. Fortune Brands, a leader in the home products sector, operates in categories including Water Innovations and Cabinets, employing approximately 28,000 associates.

The Master Lock Company emphasizes the critical need for electrical safety at the 2022 ASSP Safety Conference in Chicago. With an alarming statistic of 2,000 workers injured annually from arc flash incidents, the company presents its Arc Flash and Electrical Safety Services, designed to help businesses mitigate these hazards. This comprehensive service includes assessments, training, and compliance guidance, ensuring adherence to NFPA 70E and OSHA standards. The initiative aims to reduce risks and protect employees as workplaces return to normal operations.

Fiberon will showcase its new Wildwood composite cladding at the AIA Conference on June 22-25, 2022, in Chicago. The product features a sustainable design made from 94% recycled materials and aims to provide architects with a long-lasting, maintenance-free alternative to traditional wood cladding.

The Wildwood line includes two collections, Eden and Sahara, highlighting unique color palettes. Recognized as one of Green Builder magazine's Top 50 Sustainable Products, Wildwood is engineered for superior performance in various conditions, enhancing outdoor living spaces.

Fypon has been recognized as the top brand in the Decorative Mouldings/Trim/Columns: Interior category in the 2022 Builder Brand Use Study conducted by Zonda. The company achieved the highest rankings for 'Brand Used Most' and 'Brand Used at All' over the past two years, along with the lead in 'Brand Familiarity.' Additionally, Fypon secured second place for 'Highest Quality' in the Interior category. The survey involved 864 responses from builders nationwide, affirming Fypon’s strong customer service and support efforts in the millwork sector.

Fiberon announced that its Wildwood PE composite cladding has been featured among Green Builder's Top 50 Sustainable Products of the Year. Made from 94% recycled materials, this cladding offers architects a long-lasting, maintenance-free alternative to traditional wood. Fiberon emphasizes its commitment to sustainability, aiming to produce high-performing building products. The Wildwood cladding provides design flexibility, durability against decay, and does not require staining or painting like wood. Visit fiberoncladding.com for more details.

Fiberon, a prominent manufacturer of outdoor living products, has broken ground on a new manufacturing facility in Columbia, Tennessee, on May 10. The facility, covering over 500,000 square feet on a 130-acre site, aims to create more than 300 full-time jobs within five years. Production, focusing on PE decking and composite cladding, is set to commence in late 2024. The facility emphasizes sustainability, featuring energy-efficient technologies and an on-site recycling operation. This expansion reflects Fiberon's commitment to meeting increasing demand for outdoor living products.