Fortune Brands Home & Security (FBHS) Misses Q4 EPS by 6c, FY EPS Guidance Misses Consensus

Fortune Brands Home & Security (NYSE: FBHS) reported Q4 EPS of $0.44, $0.06 worse than the analyst estimate of $0.50. Revenue for the quarter came in at $1.04 billion versus the consensus estimate of $1.11 billion.

Fortune Brands Home & Security sees FY2015 EPS of $2.00-$2.10, versus the consensus of $2.32.

The Company’s 2015 annual outlook is based on a U.S. home products market growth assumption of 6 to 8 percent. Based on the Company’s expectation to continue outperforming the market, the Company expects full-year 2015 net sales to increase 9 to 11 percent.

The Company’s outlook includes the impact of 2014 actions, including the acquisition of SentrySafe, the sale of Simonton windows, the movement of the tool storage business to discontinued operations and share repurchases.

The Company expects to generate free cash flow of approximately $250 million for the full year 2015. The expected free cash flow is net of anticipated capital expenditures of approximately $130 million, as the Company invests in incremental capacity and infrastructure to support multi-year growth.

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

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