Tranche Update on Fortune Brands Home & Security, Inc.'s Equity Buyback Plan announced on July 16, 2018.
October 23, 2019 at 08:13 pm EDT
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From July 1, 2019 to September 30, 2019, the company has repurchased 979,100 shares, representing 0.7% for $50.03 million. With this, the company has completed the repurchase of 1,737,121 shares, representing 1.24% for $86.11 million under the buyback announced on July 16, 2018.
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.