Fortune Brands Home & Security, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
October 23, 2019 at 04:05 pm EDT
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Fortune Brands Home & Security, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was USD 1,459 million compared to USD 1,380.8 million a year ago. Operating income was USD 168 million compared to USD 147.1 million a year ago. Net income was USD 105.6 million compared to USD 99.8 million a year ago. Diluted earnings per share from continuing operations was USD 0.75 compared to USD 0.69 a year ago. For the nine months, sales was USD 4,294.1 million compared to USD 4,064.4 million a year ago. Operating income was USD 506 million compared to USD 455.1 million a year ago. Net income was USD 327.8 million compared to USD 304.4 million a year ago. Diluted earnings per share from continuing operations was USD 2.32 compared to USD 2.06 a year ago.
Fortune Brands Innovations, Inc. is a home, security and commercial building products company. The Company has three segments. Water Innovations segment manufactures or assembles and sells faucets, accessories, kitchen sinks and waste disposal, predominantly under the Moen, ROHL, Riobel, Victoria+Albert, Aqualisa and Shaws brands. Outdoors segment manufactures and sells fiberglass and steel entry door systems, storm, screen and security doors, composite decking, railing and cladding under the Fiberon brand, urethane millwork under the Fypon brand, and wide-opening exterior door systems and outdoor enclosures under the Solar Innovations brand. Security segment manufactures, sources and distributes locks, safety and security devices, and electronic security products and fire-resistant safes and security containers. The Company, through SpringWell Water Filtration Systems, provides residential whole-home water filtration and water softening solutions via direct-to-consumer channels.
FORTUNE BRANDS INNOVATIONS, INC. 
