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Fortune Brands Home & Security: 1Q Earnings Snapshot

DEERFIELD, Ill. (AP) _ Fortune Brands Home & Security Inc. (FBHS) on Wednesday reported first-quarter net income of $84.7 million.

The Deerfield, Illinois-based company said it had profit of 60 cents per share. Earnings, adjusted for one-time gains and costs, were 63 cents per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.

The maker of products for the home, like faucets, cabinets, windows and doors posted revenue of $1.33 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $1.31 billion.

Fortune Brands Home & Security expects full-year earnings in the range of $3.53 to $3.77 per share.

Fortune Brands Home & Security shares have climbed 31 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $49.93, a drop of slightly more than 9 percent in the last 12 months.


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