Fortune Brands Home & Security, Inc. reported unaudited consolidated and parent earnings results for the first quarter ended March 31, 2017. For the quarter, the company's sales were $1,186.8 million against $1,106.5 million a year ago. Operating income was $114.9 million against $95.5 million a year ago. Income before income taxes was $103.8 million against $84.0 million a year ago. Net income was $77.4 million or $0.50 per diluted share against $61.0 million or $0.38 per diluted share a year ago. Net cash used in operating activities was $17.9 million against $6.1 million a year ago. Capital expenditures, net of proceeds from asset sales was $29.5 million against $43.8 million a year ago. Net debt was $1,280.7 million. Negative free cash flow was $38.7 million against $45.0 million a year ago.

For the full year 2017, the company expects capital expenditures to be $135.0 million - $140.0 million, cash flow from operations to be $565.0 million and free cash flow of $450 million. The company is targeting diluted EPS before charges/gains to be in the range of $3.00 to $3.12 per share. For the full year, on a GAAP basis, the company is targeting diluted EPS to be in the range of $2.96 to $3.08 per share. The company also expects to generate free cash flow of approximately $450 million for the full year 2017. The company expects full-year 2017 sales growth in the range of 6% to 8%.