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Fortune Brands Home & Security: Q3 Earnings Snapshot

Fortune Brands Home & Security: Q3 Earnings Snapshot

Fortune Brands Home & Security: Q3 Earnings Snapshot

By AP News
Published - Oct 26, 2022, 04:56 PM ET
Last Updated - Jun 24, 2023, 12:57 AM EDT

DEERFIELD, Ill. (AP) _ Fortune Brands Home & Security Inc. (FBHS) on Wednesday reported third-quarter earnings of $204.2 million.

On a per-share basis, the Deerfield, Illinois-based company said it had net income of $1.57. Earnings, adjusted for one-time gains and costs, came to $1.79 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.70 per share.

The maker of products for the home, like faucets, cabinets, windows and doors posted revenue of $2.05 billion in the period, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $2.08 billion.

Fortune Brands Home & Security expects full-year earnings in the range of $6.20 to $6.30 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 FBHS">Zacks stock report on FBHS at https://www.zacks.com/ap/FBHS

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