Fortune Brands Home & Security, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, sales were $1,297.8 million against $1,165.1 million last year. Operating income was $187.7 million against $128.2 million last year. Income from continuing operations before income taxes was $174.2 million against $120.7 million last year. Income from continuing operations, net of tax was $125.1 million against $78.0 million last year. Net income attributable to the company was $125.2 million or $0.80 per diluted share from continuing operations against $79.7 million or $0.48 per diluted share from continuing operations last year. EBITDA before charges/gains was $221.1 million against $175.2 million last year.

For the six months, sales were $2,404.3 million against $2,115.9 million last year. Operating income was $283.2 million against $195.5 million last year. Income from continuing operations before income taxes was $258.2 million against $182.9 million last year. Income from continuing operations, net of tax was $186.1 million against $118.9 million last year. Net income attributable to the company was $186.2 million or $1.18 per diluted share from continuing operations against $119.7 million or $0.73 per diluted share from continuing operations last year. EBITDA before charges/gains was $125.1 million against $78.0 million last year. Net cash provided by operating activities was $165.0 million against $55.4 million last year. Capital expenditures, net of proceeds from asset sales were $74.4 million against $54.2 million last year.

The company increased its expectations for EPS before charges/gains for 2016 to be in the range of $2.70 to $2.78, which compares to 2015 EPS before charges/gains of $2.07. The midpoint of the company's increased EPS outlook represents a $0.19 increase from the previous outlook, with $0.13 from a lower tax rate and $0.06 driven by stronger operating performance. The company expects to generate free cash flow of approximately $400 million for the full year 2016. The company continues to expect full year 2016 sales to increase 10% to 12% compared to 2015.

The company expects a tax rate of approximately 31% in the second half of the year 2016.