Fortune Brands' Fiberon Acquisition and Repositioned Cabinets Business Should Drive Strong Growth
Fortune Brands reported fourth-quarter results that missed Wall Street's expectations as the narrow-moat rated manufacturer of home products grappled with slowing demand for home products amid housing market uncertainty. Sales during the quarter grew almost 3% year over year to over $1.4 billion but came in about $50 million shy of the consensus estimate. Adjusted EPS of $0.86 increased about 8% but missed the consensus estimate by $0.08.Despite the recent hiccup in demand, in our view, Fortune...
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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