Fortune Brands Home & Security, Inc. (FBIN) Tops Q2 EPS by 4c
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Fortune Brands Delivers Solid Sales and Strong Margin Results Amid Dynamic Macro Environment; Increases Full-Year 2023 Guidance
July 27, 2023 4:05 PM EDTHighlights:
Q2 2023 sales were $1.2 billion, a decrease of 7 percent versus Q2 2022 Q2 2023 earnings per share (EPS) were $0.80, a decrease of 27 percent versus a year ago; EPS before charges / gains were $1.07, a decrease of 4 percent versus Q2 2022 Full-year 2023 guidance adjusted upward reflecting the impact of the recent acquisition, operational outperformance and stronger than expected market conditions Recent acquisition will increase Fortune Brands scale in connected products, drive innovation and expand offerings in the luxury home products market Company generated strong operating and free cash flow in... More