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

Fortune Brands Home & Security (FBHS) reported fourth quarter 2021 sales of $2.0 billion, an 18% year-over-year increase, and full-year 2021 sales of $7.7 billion, up 26%. Earnings per share (EPS) rose to $1.28 for Q4 and $5.54 for the full year, marking increases of 10% and 41%, respectively. Despite facing cost inflation and supply chain challenges, the company maintained robust operating income and introduced optimistic 2022 guidance, projecting sales growth of 5.5% to 7.5% and EPS before charges/gains of $6.35 to $6.55. Strong market demand for housing continues to fuel growth.

Fortune Brands Home & Security (NYSE: FBHS) has acquired Solar Innovations, LLC, a producer of exterior door systems, for up to $63 million as of January 31, 2022. The acquisition will enhance Fortune Brands’ Outdoors & Security segment, aligning with its strategy to capitalize on the growing outdoor living market. Solar Innovations, with around 30 patents and a strong R&D foundation, will contribute to innovation in premium door offerings, leveraging the company's market position and expertise.

Therma-Tru has redesigned its 8'0" Smooth-Star flush-glazed full-lite door, enhancing it with an elevated bottom rail to comply with ADA requirements. This new design features a minimum 10" net smooth surface and ensures a width of at least 3'0" for accessibility. Mark Ayers, senior vice president, emphasized expanding ADA-compliant options for multi-family dwellings. The door offers a modern aesthetic with durable fiberglass skins, double- or triple-pane glass, and a high-performance weather seal, making it ideal for patio and back home entries.

A recent independent study by the Farnsworth Group, commissioned by Fypon, indicates that homeowners can enhance their home's perceived value by up to 21% by utilizing Fypon polyurethane decorative millwork. Over 250 real estate agents participated in the survey, which showcased various homes with and without the millwork. Fypon's products are designed to boost curb appeal, which is crucial as 97% of buyers search online and 87% rely on photos when house hunting. Fypon is part of Fortune Brands Home & Security (NYSE: FBHS).

Therma-Tru is launching the 2022 Virtual Experience on February 1, 2022, aimed at building and design professionals. Participants can explore innovative products reflecting current design trends: Casual Haven, Renewed History, and Modern Revival. This immersive event offers insights into new offerings while promoting enhanced customer service through increased capacity for fiberglass door slabs by 40% and doubling storage and shipping capabilities. The experience is accessible online 24/7 with real-time expert support from February 1 to 18, 2022.

Therma-Tru has introduced the Keys 2 Success national sweepstakes aimed at building trade professionals. The initiative encourages participants to engage with educational videos about Therma-Tru products and current home design trends. For every video watched, participants earn entries for daily, weekly, and grand prizes, including a $25 VISA eGift Card and various home appliances. The program runs from February 1 to April 30, 2022, and participants can learn more at thermatru.com/2022virtualexperience.

Fiberon announces that its PVC decking lines, Paramount and Promenade, have been rigorously tested and are suitable for use in fresh water, salt water, and chlorinated environments. The decking boards maintain their structural integrity and appearance even when submerged. They resist mold, discoloration, and water absorption, making them ideal for dock and pool installations. The Paramount line now features a new color, Clay, enhancing its aesthetic appeal. Fiberon emphasizes its commitment to durability and sustainability in outdoor solutions.