Fortune Brands Home & Security: Q2 Earnings Snapshot

July 27, 2022 GMT

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FBHS at https://www.zacks.com/ap/FBHS