Fortune Brands Innovations: Difference between revisions

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Updated financials from 2012 data to 2016 data
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{{Infobox company
{{Infobox company
| name = Fortune Brands Home & Security, Inc.
| name = Fortune Brands Home & Security, Inc.
⚫
| company_logo = [[Image:Fortune Brands Home & Security Logo.png|220px|Fortune Brands Home & Security]]
| type = [[Public company]]
| type = [[Public company]]
| traded_as = {{NYSE|FBHS}}<br>[[S&P 500|S&P 500 Component]]
| traded_as = {{NYSE|FBHS}}<br>[[S&P 500|S&P 500 Component]]
⚫
| foundation = {{start date and age|2011}}
| founder =
| founder =
⚫
| location = [[Deerfield, Illinois]]
⚫
| locations =
| area_served =
| area_served =
| key_people = Christopher Klein, President & CEO<ref name="Fortune Brands Home & Security">{{cite web|url=http://www.fbhs.com/leadership|title=Leadership-Executive Committee|publisher=Fortune Brands Home & Security}}</ref>
| key_people = Christopher Klein, President & CEO<ref name="Fortune Brands Home & Security">{{cite web|url=http://www.fbhs.com/leadership|title=Leadership-Executive Committee|publisher=Fortune Brands Home & Security}}</ref>
Line 13: Line 9:
| products = Fixtures<br>hardware
| products = Fixtures<br>hardware
| services =
| services =
| revenue = {{increase}}[[United States Dollar|US$]] 3.33 billion <small>(''FY 2012'')</small><ref name="Yahoo! Finance">{{cite web|url=https://finance.yahoo.com/q/ks?s=FBHS+Key+Statistics|title= Fortune Brands Home & Security(FBHS)-Key Statistics|publisher=Yahoo! Finance}}</ref>
| revenue = {{increase}}[[United States Dollar|US$]] 5.0 billion <small>(''FY 2016'')</small><ref name="Yahoo! Finance">{{cite web|url=https://finance.yahoo.com/q/ks?s=FBHS+Key+Statistics|title= Fortune Brands Home & Security(FBHS)-Key Statistics|publisher=Yahoo! Finance}}</ref>
| net_income = TBA <small> (''FY 2012'')</small><ref name="Yahoo! Finance"/>
| net_income = 413 million <small> (''FY 2016'')</small><ref name="Yahoo! Finance"/>
| assets = {{decrease}}[[United States Dollar|US$]]3.64 billion<small> (''FY 2012'')</small><ref name="Yahoo! Finance"/>
| assets = {{increase}}[[United States Dollar|US$]]5.1 billion<small> (''FY 2016'')</small><ref name="Yahoo! Finance"/>
| equity = {{increase}}[[United States Dollar|US$]]2.12 billion<small> (''FY 2012'')</small><ref name="Yahoo! Finance"/>
| equity = {{increase}}[[United States Dollar|US$]]2.4 billion<small> (''FY 2016'')</small><ref name="Yahoo! Finance"/>
| owner =
| owner =
| num_employees =
| num_employees =
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| divisions =
| divisions =
| subsid =
| subsid =
⚫
| caption = Building value, brand after brand
⚫
| homepage = {{URL|http://www.fbhs.com/}}
| footnotes =
| footnotes =
| intl =
| intl =
⚫
| company_logo = [[Image:Fortune Brands Home & Security Logo.png|220px|Fortune Brands Home & Security]]
⚫
| foundation = {{start date and age|2011}}
⚫
| location = [[Deerfield, Illinois]]
⚫
| locations =
⚫
| caption = Building value, brand after brand
⚫
| homepage = {{URL|http://www.fbhs.com/}}
}}
}}


'''Fortune Brands Home & Security, Inc.''' (FBHS) is an American manufacturer of home fixtures and hardware, headquartered in [[Deerfield, Illinois]]. The company's product lines include [[Master Lock]], Sentry Safe, MasterBrand Cabinets, [[Moen (company)|Moen faucets]], Therma-Tru entry door systems, and Waterloo tool storage products.<ref name=NowIndependent/> The company has said that it holds market leadership positions in all of its segments, and has 16,000 associates that generated more than $3.6 billion in net sales in 2012.<ref name=NowIndependent/>
'''Fortune Brands Home & Security, Inc.''' (FBHS) is an American manufacturer of home fixtures and hardware, headquartered in [[Deerfield, Illinois]]. The company's product lines include [[Master Lock]], Sentry Safe, MasterBrand Cabinets, [[Moen (company)|Moen faucets]], Therma-Tru entry door systems, and Waterloo tool storage products.<ref name=NowIndependent/> The company has said that it holds market leadership positions in all of its segments, and has 16,000 associates that generated $5.0 billion in net sales in 2016.<ref name=NowIndependent/>


Fortune Brands Home & Security was created on October 3, 2011 from part of the former [[Fortune Brands]] holding company.<ref name=NowIndependent>[https://finance.yahoo.com/news/Fortune-Brands-Home-Security-bw-1447000967.html?x=0 Fortune Brands Home & Security Now Independent, Begins Trading on NYSE] {{webarchive |url=https://web.archive.org/web/20111013171845/https://finance.yahoo.com/news/Fortune-Brands-Home-Security-bw-1447000967.html?x=0 |date=October 13, 2011 }}, ''Businesswire'', October 4, 2011.</ref> The spin-off was related to the pre-announced corporate strategy of divesting unrelated product lines to focus on the [[liquor]] business.<ref>Smith, A., [http://money.cnn.com/2010/12/08/news/companies/jim_beam_titleist/index.htm Jim Beam, neat, is company's new strategy], ''CNN Money'', December 8, 2010.</ref><ref name = WSJ3>[https://www.wsj.com/article/PR-CO-20101208-903042.html?mod=wsjcrmain Fortune Brands Announces Intent to Separate Company's Three Businesses], ''The Wall Street Journal'', December 8, 2010.</ref> On the day after spinning off FBHS, Fortune Brands renamed itself as Beam Inc. to reflect this new strategy.<ref name=BeamIncBegins>[https://finance.yahoo.com/news/Beam-Inc-Begins-Life-as-a-bw-3227214555.html?x=0&.v=1 Beam Inc. Begins Life as a Pure-Play Spirits Industry Leader] {{webarchive |url=https://web.archive.org/web/20111014041308/https://finance.yahoo.com/news/Beam-Inc-Begins-Life-as-a-bw-3227214555.html?x=0&.v=1 |date=October 14, 2011 }}, ''Businesswire'', October 4, 2011.</ref> Beam Inc. was subsequently purchased by [[Suntory]] to become its [[Beam Suntory]] subsidiary in April, 2014.<ref>[http://www.suntory.com/news/2014/12050.html Beam Suntory], [[Suntory]] press release, April 30, 2014.</ref><ref>[https://www.wsj.com/news/articles/SB10001424052702304547704579563590503205778 Suntory Still has M&A Thirst], ''The Wall Street Journal'', May 15, 2014.</ref>
Fortune Brands Home & Security was created on October 3, 2011 from part of the former [[Fortune Brands]] holding company.<ref name=NowIndependent>[https://finance.yahoo.com/news/Fortune-Brands-Home-Security-bw-1447000967.html?x=0 Fortune Brands Home & Security Now Independent, Begins Trading on NYSE] {{webarchive |url=https://web.archive.org/web/20111013171845/https://finance.yahoo.com/news/Fortune-Brands-Home-Security-bw-1447000967.html?x=0 |date=October 13, 2011 }}, ''Businesswire'', October 4, 2011.</ref> The spin-off was related to the pre-announced corporate strategy of divesting unrelated product lines to focus on the [[liquor]] business.<ref>Smith, A., [http://money.cnn.com/2010/12/08/news/companies/jim_beam_titleist/index.htm Jim Beam, neat, is company's new strategy], ''CNN Money'', December 8, 2010.</ref><ref name = WSJ3>[https://www.wsj.com/article/PR-CO-20101208-903042.html?mod=wsjcrmain Fortune Brands Announces Intent to Separate Company's Three Businesses], ''The Wall Street Journal'', December 8, 2010.</ref> On the day after spinning off FBHS, Fortune Brands renamed itself as Beam Inc. to reflect this new strategy.<ref name=BeamIncBegins>[https://finance.yahoo.com/news/Beam-Inc-Begins-Life-as-a-bw-3227214555.html?x=0&.v=1 Beam Inc. Begins Life as a Pure-Play Spirits Industry Leader] {{webarchive |url=https://web.archive.org/web/20111014041308/https://finance.yahoo.com/news/Beam-Inc-Begins-Life-as-a-bw-3227214555.html?x=0&.v=1 |date=October 14, 2011 }}, ''Businesswire'', October 4, 2011.</ref> Beam Inc. was subsequently purchased by [[Suntory]] to become its [[Beam Suntory]] subsidiary in April, 2014.<ref>[http://www.suntory.com/news/2014/12050.html Beam Suntory], [[Suntory]] press release, April 30, 2014.</ref><ref>[https://www.wsj.com/news/articles/SB10001424052702304547704579563590503205778 Suntory Still has M&A Thirst], ''The Wall Street Journal'', May 15, 2014.</ref>

Revision as of 14:01, 7 June 2017

Fortune Brands Home & Security, Inc.
Company typePublic company
NYSE: FBHS
S&P 500 Component
Founded2011; 13 years ago (2011)
HeadquartersDeerfield, Illinois
Key people
Christopher Klein, President & CEO[1]
ProductsFixtures
hardware
RevenueIncreaseUS$ 5.0 billion (FY 2016)[2]
413 million (FY 2016)[2]
Total assetsIncreaseUS$5.1 billion (FY 2016)[2]
Total equityIncreaseUS$2.4 billion (FY 2016)[2]
Websitewww.fbhs.com

Fortune Brands Home & Security, Inc. (FBHS) is an American manufacturer of home fixtures and hardware, headquartered in Deerfield, Illinois. The company's product lines include Master Lock, Sentry Safe, MasterBrand Cabinets, Moen faucets, Therma-Tru entry door systems, and Waterloo tool storage products.[3] The company has said that it holds market leadership positions in all of its segments, and has 16,000 associates that generated $5.0 billion in net sales in 2016.[3]

Fortune Brands Home & Security was created on October 3, 2011 from part of the former Fortune Brands holding company.[3] The spin-off was related to the pre-announced corporate strategy of divesting unrelated product lines to focus on the liquor business.[4][5] On the day after spinning off FBHS, Fortune Brands renamed itself as Beam Inc. to reflect this new strategy.[6] Beam Inc. was subsequently purchased by Suntory to become its Beam Suntory subsidiary in April, 2014.[7][8]

On October 18, 2011, it was announced that Pershing Square Capital Management owned a 15% stake in the company, and considered its stock to be a very attractive investment.[9]

References

  1. ^ "Leadership-Executive Committee". Fortune Brands Home & Security.
  2. ^ a b c d "Fortune Brands Home & Security(FBHS)-Key Statistics". Yahoo! Finance.
  3. ^ a b c Fortune Brands Home & Security Now Independent, Begins Trading on NYSE Archived October 13, 2011, at the Wayback Machine, Businesswire, October 4, 2011.
  4. ^ Smith, A., Jim Beam, neat, is company's new strategy, CNN Money, December 8, 2010.
  5. ^ Fortune Brands Announces Intent to Separate Company's Three Businesses, The Wall Street Journal, December 8, 2010.
  6. ^ Beam Inc. Begins Life as a Pure-Play Spirits Industry Leader Archived October 14, 2011, at the Wayback Machine, Businesswire, October 4, 2011.
  7. ^ Beam Suntory, Suntory press release, April 30, 2014.
  8. ^ Suntory Still has M&A Thirst, The Wall Street Journal, May 15, 2014.
  9. ^ Gammeltoft, N., and Fineman, J., Ackman Says Pershing Square Owns 15% of Fortune Brands Home, Bloomberg, Oct. 18, 2011.

External links

  • Official website
  • Business data for Fortune Brands Home & Security:
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