Fortune Brands Home & Security

Fortune Brands Innovations, Inc. manufactures and supplies home and security products and services. The company operates through the following segments: Cabinets, Plumbing, Outdoors & Security. The Cabinets segment manufactures custom, semi-custom, and stock cabinetry, as well as vanities, for the kitchen and bath. The Plumbing segment includes faucets, accessories, and kitchen sinks. The Outdoors & Security segment consists of fiberglass and steel entry door systems. The Security segment offers locks, safety and security devices, and electronic security products manufactured, sourced, and distributed under the Master Lock brand. Its brands include Master Lock security products, Masterbrand cabinets, Moen faucets, Simonton windows, and Therma-Tru entry door systems. The company was founded on June 9, 1988, and is headquartered in Deerfield, IL.

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Fortune Brands Innovations, Inc. is an innovation and channel leader focused on supercharged categories in the home products, security, and commercial building markets. Its brands include Moen, House of Rohl, Aqualisa, Emtek, Therma-Tru, Larson, Fiberon, Master Lock, SentrySafe, Yale and August. The company was founded on June 9, 1988 and is headquartered in Deerfield, IL.

PRINCETON, N.J. & NORTH OLMSTED, Ohio--( BUSINESS WIRE )--Enterra Solutions, the leader in autonomous value-chain optimization and decision-making solutions, and Fortune Brands Water Innovations (“Fortune Brands”), a business segment within the industry-leading home and security company Fortune Brands Home & Security, Inc. (NYSE: FBHS), have announced their partnership under a multi-year Solution-as-a-Service contract. Fortune Brands will deploy the Enterra Revenue Growth Intelligence System™ (ERGIS™) to evolve its trade promotion planning process as well as optimize its pricing strategies for all product lines across North America.

Enterra Solutions Announces Multi-Year SaaS Contract with Fortune Brands Water Innovations for Advanced Trade Promotion and Pricing Optimization

Fortune Brands Innovations Inc

MAUMEE, Ohio--( BUSINESS WIRE )--The new Veris collection from Therma-Tru blends high-end style and unique functionality.

Therma-Tru announces launch of high-end Veris collection

First Solar

NEW YORK , Dec. 12, 2022 /PRNewswire/ -- S&P MidCap 400 constituent First Solar Inc. (NASD: FSLR) will replace Fortune Brands Home & Security Inc. (NYSE: FBHS) in the S&P 500, Fortune Brands Innovations Inc. (NYSE:FBIN) will replace First Solar in the S&P MidCap 400, and MasterBrand Inc. (NYSE: MBC) will replace Conn's Inc. (NASD: CONN) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, December 19.  Fortune Brands Home & Security is spinning off MasterBrand in a transaction expected to be completed December 15.

First Solar Set to Join S&P 500; Fortune Brands Innovations to Join S&P MidCap 400; MasterBrand to Join S&P SmallCap 600

Fortune Brands Home & Security Inc. FBHS, -3.32% will separate into two companies on Dec. 14 following the spinoff of its MasterBrand Inc. cabinets business, with Fortune Brands changing its name to Fortune Brands Innovations Inc., the company said Tuesday. "I am thrilled to introduce Fortune Brands Innovations, a brand, innovation and channel leader in the home, security and commercial building markets," said Fortune Brands CEO Nicholas Fink, in a statement.

Fortune Brands Home & Security to change name to Fortune Brands Innovations

DEERFIELD, Ill.--( BUSINESS WIRE )--Fortune Brands Home & Security, Inc. (NYSE: FBHS or “Fortune Brands” or the “Company”), an industry-leading home and security products company, today will host an Investor Day in advance of its planned separation into two world-class companies, which is expected to occur on December 14, 2022. Shortly after the separation of MasterBrand, Inc. (NYSE: MBC or “MasterBrand”), Fortune Brands will be changing its name to Fortune Brands Innovations, Inc., reflecting the Company's focus on driving accelerated growth in its categories through brands and innovation.

Fortune Brands Outlines Go-Forward Strategies for Two World-Class Publicly Traded Companies at 2022 Investor Day

Fortune Brands (FBHS) reaches an $800 million deal with Assa Abloy to acquire its Emtek and Yale businesses. The deal is contingent upon the closing of Spectrum Brands' sale of HHI to Assa Abloy.

Fortune Brands (FBHS) to Buy Assa Abloy's Emtek, Yale Brands

Spectrum Brands Hlds

STOCKHOLM , Dec. 2, 2022 A SSA ABLOY has entered into binding agreements with Fortune Brands Home & Security, Inc. (NYSE: FBHS) or ("Fortune Brands") for the sale of Emtek and the Smart Residential business in the U.S. and Canada to fully resolve all the alleged competitive concerns surrounding the proposed acquisition of the Hardware and Home Improvement division ("HHI") of Spectrum Brands. On September 8, 2021, ASSA ABLOY announced it had signed an agreement to acquire the HHI division of Spectrum Brands (NYSE: SPB) for a purchase price of MUSD 4,300 on a cash and debt free basis.

ASSA ABLOY sells Emtek and the Smart Residential business in the U.S. and Canada in furtherance of the proposed acquisition of the Hardware and Home Improvement division

DEERFIELD, Ill.--( BUSINESS WIRE )--Fortune Brands Home & Security, Inc. (“FBHS,” “Fortune Brands” or the “Company”), an industry-leading home and security products company, today announced it has entered into a definitive agreement to acquire the Emtek and Schaub premium and luxury door and cabinet hardware business and the U.S. and Canadian Yale and August residential smart home locks business (collectively the “Business”) from ASSA ABLOY, Inc. (a subsidiary of ASSA ABLOY AB), for a purchase price of $800 million, or approximately $700 million net of tax benefits, in cash on a cash-free, debt-free basis, subject to customary adjustments (collectively, the “Acquisition”).

Fortune Brands Announces Agreement to Acquire Emtek and Schaub Premium Residential Hardware Brands and the U.S. and Canadian Yale and August Residential Smart Lock Brands from ASSA ABLOY

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DEERFIELD, Ill.---( BUSINESS WIRE )--Fortune Brands Home & Security, Inc. (NYSE: FBHS or “Fortune Brands” or the “Company”), an industry-leading home and security products company, today announced that the U.S. Securities and Exchange Commission has declared effective the Registration Statement on Form 10 filed by MasterBrand, Inc. (“MasterBrand”). The Form 10 includes information regarding MasterBrand's business and strategy, as well as details on the spin-off, which is expected to be completed on December 14, 2022.

Fortune Brands Announces Effectiveness of the Form 10 Registration Statement for MasterBrand

Softness in the housing industry which is causing inventory destocking at channel partners is presently a concern for FBHS. FBHS is working with its channel partners to rightsize the inventory levels which should benefit the company's revenue once completed by early 2023.

Fortune Brands: Near-Term Headwinds But Good Long-Term Growth Prospects

Weakness in housing market demand, softness in China operations, supply-chain woes and raw material cost-inflation are plaguing the Fortune Brands (FBHS) stock.

Fortune Brands (FBHS) Shares Down 38% YTD: What's Ailing It?

Fortune Brands Home & Security (FBHS) reported earnings 30 days ago. What's next for the stock?

Why Is Fortune Brands Home & Security (FBHS) Up 11.8% Since Last Earnings Report?

The tax-free spin-off of Fortune Brands' (FBHS) cabinets business MasterBrand is expected to be completed on Dec 14, allowing both companies to focus on their core operations.

Fortune Brands' (FBHS) Board Approves Cabinets Unit Separation

DEERFIELD, Ill.--( BUSINESS WIRE )--Fortune Brands Home & Security, Inc. (NYSE: FBHS or “Fortune Brands” or the “Company”), an industry-leading home and security products company, announced that on November 21, 2022, its Board of Directors approved the previously announced separation of its cabinets business, MasterBrand, Inc. (“MasterBrand”), via a tax-free spin-off.

Fortune Brands Board of Directors Approves Separation of MasterBrand, Inc.

MAUMEE, Ohio--(BUSINESS WIRE)--Fiberon, a leading manufacturer of composite wood-alternative decking and railing products, today announced a partnership with Hixson Lumber Company, a major supplier of wood products.

Fiberon announces distribution partnership with Hixson Lumber

Company Announces it is Rebranding as Fortune Brands Innovations, Inc., Effective Following Separation of Cabinets Business

Fortune Brands (FBHS) Q3 earnings results reflect gains from solid segmental performances. However, the company lowered its 2022 outlook.

Fortune Brands (FBHS) Beats on Q3 Earnings, Lowers '22 Outlook

Fortune Brands Home & Security, Inc. (NYSE:FBHS ) Q3 2022 Earnings Conference Call October 26, 2022 4:30 PM ET Company Participants David Barry - Senior Vice President of Finance and Investor Relations Nicholas Fink - Chief Executive Officer Patrick Hallinan - Senior Vice President & Chief Financial Officer David Banyard - President, Cabinets Conference Call Participants Adam Baumgarten - Zelman & Associates Philip Ng - Jefferies Michael Rehaut - JPMorgan Stephen Kim - Evercore ISI Operator Good afternoon. My name is Donna, and I will be your conference operator today.

Fortune Brands Home & Security, Inc. (FBHS) Q3 2022 Earnings Call Transcript

Fortune Brands Home & Security (FBHS) delivered earnings and revenue surprises of 5.29% and 1.16%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Fortune Brands Home & Security (FBHS) Tops Q3 Earnings Estimates

Fortune Brands Delivers Strong Operating Margin and Profit Results; Company Updates Guidance to Reflect Softening Market Environment; Separation Into Two World-class Companies Progressing Well Ahead of Schedule

Fortune Brands Home & Security (FBHS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Fortune Brands Home & Security (FBHS) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

MAUMEE, Ohio , Oct. 19, 2022 /PRNewswire/ -- Fiberon, a leader in wood-alternative cladding, is excited to announce the addition of Bamboo to the lineup of color offerings for Wildwood composite cladding. Bamboo will be added to the Sahara Collection alongside Mulga, Sumac and Palo – all inspired by arid, sandy landscapes and rich desert tones.

Fiberon Wildwood composite cladding adds Bamboo to lineup of color offerings

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This company has built a lot of value for shareholders over the years and could create even more with an upcoming spin-off.

News for Fortune Brands Home & Security Stock (FBHS)