logo
Share SHARE
FONT-SIZE Plus   Neg

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

Fortune Brands Home & Security, Inc. (FBHS) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Hollywood is spending more than ever to produce movies, with new technology and computer graphics imaging (CGI) bringing superheroes to life. Directors constantly one-up one another with special effects, while actors like Johnny Depp or Tobey Maguire are demanding beaucoup bucks to reprise their... Sluggish sales of video games have forced GameStop to take a decision to close around 150 retail locations. Digital downloads and competition from rivals are said to be the reason for shut down. The company operates around 6600 stores worldwide and has not revealed the list of shops to be closed. According to reports GameStop is planning the closure of up to 3 percent of their shops. After coming under fire for its decision to bar two teenage girls from boarding a flight on Sunday morning, United Airlines has defended its action. The two teenage girls were prevented by a gate agent on Sunday morning from boarding a United Airlines flight from Denver to Minneapolis as they were wearing leggings that were deemed as improper attire.
comments powered by Disqus
Follow RTT