Earnings release
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FORTUNE BRANDS DELIVERS STRONG SALES AND PROFIT GROWTH IN 2Q 2021 ; COMPANY FURTHER INCREASES 2021 ANNUAL OUTLOOK BASED ON CONTINUED EXPECTED OUTPERFORMANCE IN A STRONG HOUSING MARKET Highlights from operations : ● Fortune Brands A home and security company ● ● EARNINGS RELEASE 2Q 2021 sales increased 41 percent to $ 1.9 billion year - over - year 2Q 2021 earnings per share ( EPS ) increased 87 percent to $ 1.55 per share versus the prior - year - quarter ; EPS before charges / gains increased 66 percent year - over year to $ 1.56 Strong operational performance produced margin expansion sequentially and versus a year ago Company increases 2021 full year financial outlook on continued share gains in a strong demand environment DEERFIELD , IL . July 28 , 2021 - Fortune Brands Home & Security , Inc. ( NYSE : FBHS , the " Company " , or " Fortune Brands " ) , an industry - leading home and security products company , today announced second quarter 2021 results . " Our exceptional top and bottom - line results were once again driven by our teams ' outperformance , " said Nicholas Fink , chief executive officer , Fortune Brands . " We continue to delight consumers , serve our customers , and are being rewarded with above - market growth . We delivered share gains and increased profitability , both sequentially and year - over - year . Our Fortune Brands Advantage initiatives are working to offset inflation and supply chain headwinds while also delivering incremental investment funds to support our most critical growth priorities . Long - term fundamentals are solidly intact as the industry works to address years of underbuilding in our key U.S. market . Our execution in this strong housing market has enabled us to raise our outlook for the year . While inflation and supply chain headwinds will persist through the second half of the year , we are on track to deliver on our growth and margin objectives . We remain focused on our strategic priorities and intend to continue to outperform in any environment . " Second Quarter 2021 For the second quarter of 2021 , sales were $ 1.9 billion , an increase of 41 percent over the second quarter of 2020. Earnings per share were $ 1.55 , compared to $ 0.83 in the prior - year quarter . EPS before charges / gains were $ 1.56 , compared to $ 0.94 in the prior - year quarter , an increase of 66 percent . Operating income was $ 294.9 million , compared to $ 173.0 million in the prior - year quarter . Operating income before charges / gains was $ 297.5 million , compared to $ 196.7 million in the prior - year quarter , up 51 percent . Operating margin was 15.2 percent , compared to 12.6 percent in the second quarter of 2020. Operating margin before charges / gains was 15.4 percent , up 110 basis points over the second quarter of 2020 . www.FBHS.com