Last $43.20 USD
Change Today -0.32 / -0.74%
Volume 688.3K
FBHS On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

fortune brands home & securi (FBHS) Snapshot

Open
$43.52
Previous Close
$43.52
Day High
$43.59
Day Low
$43.02
52 Week High
01/15/14 - $47.92
52 Week Low
09/3/13 - $36.36
Market Cap
6.8B
Average Volume 10 Days
1.1M
EPS TTM
$1.63
Shares Outstanding
158.5M
EX-Date
08/27/14
P/E TM
26.5x
Dividend
$0.48
Dividend Yield
1.06%
Current Stock Chart for FORTUNE BRANDS HOME & SECURI (FBHS)

fortune brands home & securi (FBHS) Related Businessweek News

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fortune brands home & securi (FBHS) Details

Fortune Brands Home & Security, Inc. provides home and security products for use in residential home repair, remodeling, new construction, security applications, and storage. It operates in four segments: Kitchen & Bath Cabinetry, Plumbing & Accessories, Advanced Material Windows & Door Systems, and Security & Storage. The Kitchen & Bath Cabinetry segment manufactures custom, semi-custom, and stock cabinetry for the kitchen, bath, and other parts of the home under various brand names, including Aristokraft, Kitchen Craft, Kitchen Classics, Omega, Schrock, Homecrest, Decorá, Diamond, Kemper, Thomasville, and Martha Stewart Living in North America. The Plumbing & Accessories segment manufactures or assembles, and sells faucets, accessories, and kitchen sinks under the Moen brand name in North America, China, Southeast Asia, and South America. The Advanced Material Windows & Door Systems segment manufactures and sells residential fiberglass and steel entry door systems under the Therma-Tru brand name; vinyl-framed windows and patio doors under the Simonton brand name; and urethane millwork under the Fypon brand name. The Security & Storage segment offers padlocks, bicycle and cable locks, built-in locker locks, door hardware, automotive, trailer and towing locks, electronic access control solutions, and other specialty safety and security devices under the Master Lock brand name; and tool storage and garage organization products, which include steel toolboxes, tool chests, workbenches, and related products under the Sears Craftsman and Waterloo brand names. It sells its products through kitchen and bath dealers, builders or professional remodelers, industrial and locksmith distributors, do-it-yourself remodeling-oriented home centers, and other retail outlets. Fortune Brands Home & Security, Inc. was founded in 1988 and is based in Deerfield, Illinois.

19,500 Employees
Last Reported Date: 02/26/14
Founded in 1988

fortune brands home & securi (FBHS) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: $986.7K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $682.2K
President of Moen Incorporated
Total Annual Compensation: $477.3K
President of Masterbrand Cabinets Inc
Total Annual Compensation: $449.4K
Senior Vice President of Strategy & Corporate...
Total Annual Compensation: $518.7K
Compensation as of Fiscal Year 2013.

fortune brands home & securi (FBHS) Key Developments

Fortune Brands Home & Security, Inc. Enters into Amendment No. 2 to its Credit Agreement

On August 20, 2014, Fortune Brands Home & Security, Inc. entered into Amendment No. 2 to its credit agreement, dated as of August 22, 2011 and amended by Amendment No. 1 dated as of July 23, 2013, among the company, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent. Amendment No. 2 increases the total lending commitments under the Credit Agreement from $1,000,000,000 to $1,500,000,000 with commitments for revolving loans of $975,000,000 and term loans of $525,000,000. Amendment No. 2 changes the lending commitments and increases the aggregate amount of the commitments for the Revolving Loans from $650,000,000 to $975,000,000. Amendment No. 2 changes the lending commitments and increases the aggregate amount of the commitments for the Terms Loans from $350,000,000 to $525,000,000. New Term Loans aggregating $175,000,000 were funded on August 20, 2014, bringing the Term Loan total to $525,000,000. These new Term Loans have the same terms as, and are pari passu in all respects with, the other outstanding Term Loans; they are deemed to be made under and subject to all the terms and conditions of the Credit Agreement. Amendment No. 2 establishes a new amortization schedule for all outstanding Term Loans. The scheduled amortization payment amounts for the $525,000,000 of Term Loans outstanding after giving effect to the borrowing under the Amendment are now: $26,250,000 on July 23, 2015, $52,500,000 on each of July 25, 2016 and July 24, 2017 and the remaining principal amount of the Term Loans on July 23, 2018. Amendment No. 2 refreshes the company's option to request up to an additional $500,000,000 million of commitments for Revolving Loans and/or Term Loans under the Credit Agreement after giving effect to the incremental commitments of Revolving Loans and Term Loans pursuant to Amendment No. 2. Except as expressly modified by Amendment No. 2, the Credit Agreement continues in force and effect in accordance with its existing terms.

Fortune Brands Home & Security, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2014

Fortune Brands Home & Security, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the second quarter of 2014, sales were $1.14 billion, an increase of 10% over the second quarter of 2013. Earnings per share were $0.55, compared to $0.37 in the prior-year quarter. Diluted EPS before charges/gains were $0.55, compared to $0.41 the same quarter last year. Operating income was $136.6 million, compared to $106.5 million in the prior-year quarter. Operating income before charges/gains was $136.8 million, compared to $107.2 million the same quarter last year. EBITDA Before charges/gains were $160.1 million against $128.4 million a year ago. Net income attributable to company was $93.3 million against $64.0 million a year ago. Income before income taxes was $133.7 million against $98.7 million a year ago. For the six months, the company reported total net sales of $2,108.4 million against $1,930.4 million a year ago. Total operating income before charges/gains were $201.9 million against $169.6 million a year ago. Earnings per diluted share before charges/gains were $0.80 against $0.65 a year ago. EBITDA Before charges/gains were $249.2 million against $212.9 million a year ago. Net cash used in operating activities was $30.7 million against net cash provided by operating activities of $45.9 million a year ago. Capital expenditures, net of proceeds from asset sales was $47.5 million against $30.9 million a year ago. Operating income was $198.7 million, compared to $163.1 million in the prior-year period. Net income attributable to company was $134.1 million or $0.79 per diluted share against $101.3 million or $0.59 per diluted share a year ago. Income before income taxes was $194.4 million against $153.8 million a year ago. The company's 2014 annual outlook is based on a U.S. home products market growth assumption of 6% to 8%. Based on the company's expectation to continue outperforming the market and the benefit from the Sentry Safe acquisition, the company expects full-year 2014 net sales to increase 9% to 11%. The company expects diluted EPS before charges/gains to be in the range of $1.88 to $1.96. This targeted range compares to 2013 diluted EPS before charges/gains of $1.50. The company continues to expect to generate $225 million to $250 million in free cash flow in 2014. The expected free cash flow is net of anticipated capital expenditures of $130 million to $140 million, as the Company invests in incremental capacity and infrastructure to support multi-year growth. The company expects cash flow from operations in the range of $335 million to $370 million. For the fourth quarter, the company expects higher sales and EPS growth than the third quarter.

Fortune Brands Home & Security, Inc. Declares Quarterly Cash Dividend Payable on September 17, 2014

Fortune Brands Home & Security, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.12 per common share. The dividend is payable on September 17, 2014, to stockholders of record as of the close of business on August 29, 2014.

 

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Industry Analysis

FBHS

Industry Average

Valuation FBHS Industry Range
Price/Earnings 28.3x
Price/Sales 1.6x
Price/Book 2.7x
Price/Cash Flow 24.8x
TEV/Sales 1.4x
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