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Fortune Brands Home & Security (FBHS) Tops Q4 EPS by 1c, Offers FY Guidance

February 3, 2016 4:09 PM EST

Fortune Brands Home & Security (NYSE: FBHS) reported Q4 EPS of $0.56, $0.01 better than the analyst estimate of $0.55. Revenue for the quarter came in at $1.22 billion versus the consensus estimate of $1.23 billion.

GUIDANCE:

Fortune Brands Home & Security sees FY2016 EPS of $2.42-$2.52, versus the consensus of $2.51.

  • The Company’s 2016 annual outlook is based on a U.S. home products market growth assumption of 6 to 7 percent and an assumption of 5 to 6 percent growth for our total global market. Based on the Company’s expectation to continue outperforming the market and incremental sales from the Norcraft acquisition, the Company expects full-year 2016 sales growth in the range of 10 to 12 percent.
  • The Company expects EPS before charges/gains to be in the range of $2.42 to $2.52, which compares to 2015 EPS before charges/gains of $2.07.
  • “Entering 2016, our annual outlook calls for strong performance similar to 2015, based on solid execution and market growth much like 2015,” said Klein. “We believe we are well-positioned to continue to leverage our structural competitive advantages and drive profitable growth well into the future. Importantly, we also remain sharply focused on driving incremental shareholder value with our cash flow and balance sheet.”
  • The Company expects to generate free cash flow of approximately $350 - $375 million for the full year 2016.

For earnings history and earnings-related data on Fortune Brands Home & Security (FBHS) click here.



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