Fortune Brands Home & Security (FBHS) Misses Q4 EPS by 7c, Revenues Miss; Offers FY19 EPS Outlook Below Consensus
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Fortune Brands Reports Sales and EPS for Q4 and Full Year; Provides 2019 Annual Outlook for Continued Growth
January 31, 2019 4:05 PM ESTHighlights from continuing operations:
Q4 2018 sales increased 3 percent year-over-year to $1.4 billion with EPS of $0.60, a decline of 28 percent; EPS before charges/gains increased 8 percent to $0.86 Full-year 2018 sales increased 4 percent with EPS of $2.66, a decline of 13 percent; EPS before charges/gains increased 8 percent to $3.34 Company expects full-year 2019 EPS before charges/gains to grow to $3.53 - $3.77 on sales growth of 6 - 7.5 percent, and 3 - 5 percent organic growth Company will host first investor event in Boston this Wednesday, February 6, 2019... More
