Fortune Brands Home & Security (FBHS) Tops Q1 EPS by 3c, Raises FY2017 EPS Outlook

Fortune Brands Home & Security (NYSE: FBHS) reported Q1 EPS of $0.50, $0.03 better than the analyst estimate of $0.47. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.18 billion.

Results demonstrate strong momentum:

• Q1 2017 sales increased 7 percent year-over-year to $1.2 billion
• EPS $0.50; EPS before charges/gains increased over 26 percent to $0.53
• Company increases full-year 2017 EPS outlook before charges/gains to $3.00 - $3.12 on sales growth of 6 - 8 percent

GUIDANCE:

Fortune Brands Home & Security sees Q2 2017 EPS of $3.00-$3.12, versus the consensus of $3.03.

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

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