FBHS Stock Recent News
FBHS LATEST HEADLINES
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 (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.
Many long-term winners are now in value territory, making for some compelling buying opportunities.
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.
Weakness in housing market demand, softness in China operations, supply-chain woes and raw material cost-inflation are plaguing the Fortune Brands (FBHS) stock.
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.
Cramer spoke with Fortune Brands CEO Nicholas Fink on Thursday.
Fortune Brands (FBHS) Q3 earnings results reflect gains from solid segmental performances. However, the company lowered its 2022 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 (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?