Fortune Brands Q2 2020 Earnings Report
Key Takeaways
Fortune Brands Home & Security reported a decrease of 9 percent year-over-year in sales, reaching $1.4 billion. EPS was $0.83, a decrease of 14 percent, while EPS before charges/gains decreased 9 percent to $0.94. The company's performance was driven by market recovery, share gains, and cost structure realignment.
Market recovery, share gains and cost structure realignment drove better than anticipated results.
Focus on employee safety and operational execution enabled strong outperformance
2Q 2020 sales decreased 9 percent year-over-year to $1.4 billion
2Q 2020 EPS of $0.83, a decrease of 14 percent; EPS before charges / gains decreased 9 percent to $0.94
Fortune Brands
Fortune Brands
Fortune Brands Revenue by Segment
Forward Guidance
Due to the uncertainty caused by the high unemployment and recession resulting from the pandemic, the Company is maintaining suspension of any previous financial guidance and projections for 2020 and beyond.
Revenue & Expenses
Visualization of income flow from segment revenue to net income