Fortune Brands Home & Security (FBHS) Tops Q1 EPS by 5c, Offers Guidance

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Go back to Fortune Brands Home & Security (FBHS) Tops Q1 EPS by 5c, Offers Guidance

Fortune Brands Announces Intent to Separate Into Two World Class Publicly Traded Companies; Reports 1Q 2022 Results Ahead of Consensus and Raises Full-Year EPS Outlook While Maintaining Operational Gu

April 28, 2022 4:05 PM EDT

Business and Operations Highlights:

Company announces intent to separate into two leading publicly traded companies via a tax-free spin-off of Cabinets business 1Q 2022 sales of $1.9 billion increased 8 percent versus a year ago 1Q 2022 earnings per share (EPS) of $1.34; an increase of 6 percent versus a year ago; EPS before charges / gains of $1.31, a decrease of 4 percent versus a year ago Company adjusts full year 2022 EPS range upward to reflect impact from share repurchases net of interest expense and taxes; Company maintains 2022 operational guidance

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