Fortune Brands Home & Security (FBHS) Tops Q4 EPS by 9c, Revenues Beat; Offers FY21 EPS Guidance Above Consensus
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Fortune Brands Reports Strong Sales and Profit Growth in 4Q and Full Year 2020; Provides 2021 Annual Outlook for Continued Leading Growth
February 2, 2021 4:05 PM ESTHighlights from operations:
Share gains and exceptional operational performance in a fundamentally strong end market drove market beating growth across the Company 4Q & Full-Year 2020 sales increased approximately 13 percent and 6 percent, to $1.7 billion and $6.1 billion, respectively, year-over-year 4Q & Full-Year 2020 EPS increased to $1.16 and $3.94 per share; EPS before charges / gains increased 25 percent and 16 percent to $1.25 and $4.19, respectively, year-over-year Company introduces 2021 financial outlook, driven by a solid, long-term outlook for housing, continued share gains and margin expansionDEERFIELD, Ill.--(BUSINESS WIRE)-- Fortune Brands Home & Security, Inc. (NYSE:... More
