Fortune Brands Home & Security, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
February 02, 2021 at 04:10 pm EST
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Fortune Brands Home & Security, Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced sales was USD 1,659.7 million compared to USD 1,470.5 million a year ago. Operating income was USD 233.2 million compared to USD 192.5 million a year ago. Net income was USD 163.6 million compared to USD 104.1 million a year ago. Diluted earnings per share from continuing operations was USD 1.16 compared to USD 0.74 a year ago.
For the full year, sales was USD 6,090.30 million compared to USD 5,764.60 million a year ago. Operating income was USD 801.4 million compared to USD 698.5 million a year ago. Net income was USD 553.1 million compared to USD 431.9 million a year ago. Basic earnings per share from continuing operations was USD 3.94 compared to USD 3.06 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. 
