A strengthening housing market and acquisitions should drive accelerated growth for Fortune Brands.
Fortune Brands started off its year strong with all four segments contributing to the company’s robust growth. Consolidated first-quarter sales increased 7% to about $1.2 billion, which was about in line with consensus, and adjusted EPS grew a robust 26% to $0.53, which handily beats the consensus estimate of $0.47. The narrow-moat home and security products company maintained its full-year top-line growth expectation of 6%-8%, but increased EPS guidance to $3.00 to $3.12, from $2.95 to $3.05; h...Fortune Brands Home & Security is a holding company. Through its subsidiaries, the company provides home and security products. The company's segments are: Cabinets, which manufactures cabinetry and vanities, for the kitchen, bath and other parts of the home; Plumbing, which manufactures or assembles and sells faucets, accessories, kitchen sinks and waste disposals; and Doors and Security, which manufactures and sells fiberglass and steel entry door systems, composite decking and railing, and urethane millwork, as well as manufactures, sources and distributes locks, safety and security devices, and electronic security products and fire resistant safes, security containers and commercial cabinets.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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