Fortune Brands Home & Security: Q2 Earnings Snapshot
DEERFIELD, Ill. (AP) _ Fortune Brands Home & Security Inc. (FBHS) on Wednesday reported second-quarter net income of $192 million.
The Deerfield, Illinois-based company said it had net income of $1.46 per share. Earnings, adjusted for asset impairment costs and restructuring costs, were $1.67 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.58 per share.
The maker of products for the home, like faucets, cabinets, windows and doors posted revenue of $2.11 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $2.04 billion.
Fortune Brands Home & Security expects full-year earnings in the range of $6.36 to $6.50 per share.