Business

Fortune Brands reports 6% sale increase for 2020

Posted February 02, 2021 10:00 pm

DEERFIELD - Fortune Brands Home & Security Inc. Wednesday announced fiscal year 2020 earnings results, which include approximately $6.1 billion in sales, an increase of about 6% over 2019.

Earnings per share were $3.94 compared to $3.06 in the prior year, the company said. Operating income was $801.4 million, compared to $698.5 million in the prior year.

"Strong fourth quarter results capped a remarkable 2020 performance by our teams," said Nicholas Fink, chief executive officer, Fortune Brands.

On Nov. 17, the company announced it was acquiring Larson Manufacturing, the North American market leading brand of storm, screen and security doors for approximately $660 million before closing adjustments. On Dec. 14, the transaction was closed, and Larson officially joined Fortune Brands' Outdoors & Security segment.

Article Comments

Article Categories
Business Manufacturing Retail and Shopping

Article Comments

Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.