Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Fortune Brands Home & Security Swings To Q1 Profit; Boosts FY12 EPS Outlook

RELATED NEWS
Trade FBHS now with 

Fortune Brands Home & Security, Inc. (FBHS: Quote) reported net income for the first quarter of $12.5 million or $0.08 per share, compared to a net loss of $10.5 million or $0.07 per share for the year-ago quarter.

Excluding items, adjusted earnings per share for the first quarter was $0.08, compared to $0.00 in the prior year quarter.

Net sales for the first quarter rose 12% to $798.8 million from $714.8 million a year earlier.

Analysts polled by Thomson Reuters expected the company to earn $0.03 per share on revenue of $750.15 million for the first quarter. Analysts' estimates typically exclude special items. The company raised its full year 2012 adjusted earnings guidance to a range of $0.77 to $0.87 per share from its prior guidance of $0.66 to $0.74 per share. Analysts currently expect the company to earn $0.76 per share for the full year 2012.

Click here to receive FREE breaking news email alerts for Fortune Brands Home & Security, Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Stocks moved notably higher over the course of the trading day on Friday after initially showing a lack of direction. The gains on the day extended the recent upward trend by the markets, with the tech-heavy Nasdaq reaching its best closing level in almost a month. Looking to capitalize on news of an Ebola diagnosis in New York City, Republican Senate candidate Scott Brown issued a statement Friday criticizing his Democratic opponent Sen. Jeanne Shaheen, D-N.H., for "waffling" on a travel ban. In another troubling sign for Democrats, the results of a Gallup poll released on Friday show that Tea Party Republicans are much more motivated to vote in the upcoming midterm elections than other Americans. The poll found that 73 percent of Tea Party Republicans are "extremely" or "very" motivated to vote in this year's elections.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.