Fortune Brands Q3 2020 Earnings Report
Key Takeaways
Fortune Brands Home & Security reported a strong third quarter with sales increasing 13% year-over-year to $1.7 billion and EPS increasing 56% to $1.17.
Strong end market, share gains and exceptional operational performance drove better than anticipated results
Continued focus on employee safety and serving customers enabled operational excellence
3Q 2020 sales increased 13 percent year-over-year to $1.7 billion
3Q 2020 EPS of $1.17, an increase of 56 percent; EPS before charges / gains increased 25 percent to $1.19
Fortune Brands
Fortune Brands
Fortune Brands Revenue by Segment
Forward Guidance
The Company expects net sales growth between 4 percent and 5 percent and earnings per share of $4.03 to $4.11, with an operating margin of approximately 14 percent. The Company expects to generate free cash flow of approximately $590 to $620 million for the full year 2020, which includes accelerated investments in capacity to support our customers.
Revenue & Expenses
Visualization of income flow from segment revenue to net income