Fortune Brands Home & Security, Inc.

Fortune Brands Home & Security, Inc.

Fortune Brands Home & Security, Inc.

Overview
Date Founded

1988

Headquarters

520 LAKE COOK ROAD, DEERFIELD, IL, 60015

Type of Company

Public

Employees (Worldwide)

27.5K

Industries

Furniture
Wholesale: Raw Materials
Wholesale: Consumer Non-Durables/Sundries
Wholesale: Consumer Durables
Other Business & Consulting Services
IT Consulting & Services
Building Products & Construction Materials
Tools & Hardware
Engineering, Construction & Architecture

Company Description

Trusted, leading brands. Innovative, high-quality products. Excellent customer service. At Fortune Brands Home & Security, this powerful combination creates delighted customers. And it all starts with our brands. That’s why we work so hard to support them—and why we’re so proud of their success: Moen is the top faucet brand in North America and a leader in China. Master Lock is number one in padlocks in North America and a leader in mechanical access control in both North America and Europe. MasterBrand Cabinets is the number one kitchen and bath cabinet manufacturer in North America. Therma-Tru is the leading fiberglass residential entry door brand in the United States. Simonton is a leader in vinyl windows in the United States. Waterloo is North America's largest supplier of retail tool storage products. Behind our strong brands and successful strategy are approximately 16,000 people with the passion to develop and market superior products that people want. Our associates generated $3.6 billion in net sales in 2012

Contact Data
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Executives & Employees

Chief Executive Officer & Director

Senior Vice President & Chief Financial Officer

Senior Vice President, General Counsel & Corporate Secretary

Chief Human Resources Officer & Senior Vice President

President, Masterbrand Cabinets, Inc

President, Therma-Tru Corporation & the Master Lock Company

President, Global Plumbing Group

Principal Accounting Officer, Vice President & Corporate Controller

President, Cabinets

Assistant General Counsel

Board of Directors

Healthcare & Consumer Industry Advisor at Star Mountain Capital LLC

Former Chairman & Chief Executive Officer at IQVIA, Inc.

Co-Founder at Personal Pathways LLC

Independent Business Consultant at HNI Corp.

President at The Sherwin-Williams Co.

Former Executive Vice President & President, Bottling Investments & Supply Chain at The Coca-Cola Company

Senior Vice President & Chief Financial Officer at Kellogg Co.

Former Partner at Ernst & Young LLP

Director at Woolworths Group Ltd.

Chief Executive Officer & Director at Fortune Brands Home & Security, Inc.

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Fortune Brands Home & Security, Inc.
Owners & Shareholders
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Eagle Asset Management provides institutional and individual investors with a broad array of equity and fixed income products designed to meet long-term goals through proprietary, bottom-up, hands-on research and deliberate, thoughtful and calculated stock picking. Their investment philosophy is designed to deliver superior, risk-adjusted returns via both separately managed account and mutual fund platforms. The firm's equity strategies include: Small-Cap Growth, Small/Mid-Cap Core, Mid-Cap Growth, Mid-Cap Core, Value, All Cap, Equity Income, and Large-Cap Core. Their fixed income strategies include Government Securities, High Quality Taxable, High Quality Tax-Free, Special Fixed Income, and Core Fixed Income. They also offer a Strategic Income Portfolio Balanced strategy.

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CTA generally delegates investment discretion to affiliated investment advisers and portfolio managers who they believe have the skills required to construct portfolios that deliver strong risk-adjusted returns over the long-term. The firm will select affiliated advisers to invest the assets in accordance with the Mutual Funds’ investment objective and strategies. Each affiliated adviser is responsible for the investment decisions made on behalf of its respective fund.

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Fenimore Asset Management (FAM) is a long-term value investor seeks to preserve their clients' assets and maximize total return on capital through investments that offer the potential for long-term growth. The firm looks for high-quality companies with very good growth potential that can be purchased at discount prices. FAM conducts extensive, independent research that includes creating detailed, 5-year models for each stock holding and analyzing balance sheets, cash flow statements and income statements. The firm's research team visits every company in which they invest at least annually and thoroughly analyzes the company, its industry and its competition. FAM's average stock holding period of 5 years or more helps to reduce capital gains. When selecting investments, FAM looks for companies: (1) with understandable businesses, competitive advantages and high profit margins (2) that have little or no debt and high free cash flow and that deploy capital wisely (3) with honest, superior management teams that have strong track records of increasing their companies' economic value and (4) that are trading at a discount to the firm's estimate of their true economic value. FAM invests only in companies that can be expected to achieve a 12% to 15% annualized return rate over 5 to 6 years. The firm discounts expected future cash flows to determine present value and applies a worst case value baseline of no growth and a discount of at least 10%. They also evaluate historical average multiples including: price/earnings, price/cash flow and price/sales.When investing in fixed income securities, FAM considers a number of factors such as price, coupon, yield-to-maturity, and duration. The credit rating from third party rating agencies is considered, however they rely on their fundamental analysis in determining their view of the quality of the issuer. In addition, FAM reviews the terms of the fixed income security, including such facets as subordination, default, sinking fund, and early redemption provisions. Fixed income instruments are reviewed on a continual basis to ensure that the underlying issuers are constantly capable of interest and principle repayment.

Recent Transactions
Details Hidden

Moen, Inc., Fortune Brands Home & Security, Inc. purchase Flo Technologies, Inc.

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Fortune Brands Home & Security, Inc. purchases Fiberon LLC

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Fortune Brands Home & Security, Inc. purchases Victoria & Albert Baths Ltd.

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onFortune Brands Home & Security, Inc. purchases Norcraft Cos., Inc.

Investment Advisor

Advised on purchases Fortune Brands Home & Security, Inc. from Beam Suntory, Inc.

Escrow Agent

Advised onMasterBrand Cabinets, Inc., Fortune Brands Home & Security, Inc. purchase Woodcrafters Home Products LLC

Legal Advisor

Advised onMasterBrand Cabinets, Inc., Fortune Brands Home & Security, Inc. purchase Woodcrafters Home Products LLC

Legal Advisor

Advised onMasterBrand Cabinets, Inc., Fortune Brands Home & Security, Inc. purchase Woodcrafters Home Products LLC

Legal Advisor

Advised onMasterBrand Cabinets, Inc., Fortune Brands Home & Security, Inc. purchase Woodcrafters Home Products LLC

Advisors & Consultants
Legal Advisor

Partner at Reed Smith LLP

Legal Advisor

Former Partner, London at Herbert Smith Freehills LLP

Legal Advisor

Former Global Head-Intellectual Property at Herbert Smith Freehills LLP

Clients

The Home Depot, Inc. engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental. The company was founded by Bernard Marcus, Arthur M. Blank, Kenneth Gerald Langone and Pat Farrah on June 29, 1978 and is headquartered at Atlanta, GA.

Lowe's Cos., Inc. engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodelling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors. The company was founded in 1946 and is headquartered in Mooresville, NC.

Beazer Homes USA, Inc. engages in the design and sale of single-family and multi-family homes. It operates through the following geographical segments: West, East, and Southeast. The West segment includes Arizona, California, Nevada, and Texas. The East segment consists of Delaware, Indiana, Maryland, Tennessee, and Virginia. The Southeast segment includes Florida, Georgia, North Carolina, and South Carolina. The company was founded in 1993 and is headquartered in Atlanta, GA.

Key Stats and Financials As of 2020
Market Capitalization
$15.4B
Total Enterprise Value
$14.3B
Earnings Per Share
$3.95
Revenue
$6.09B
Net Profit
$553M
EBITDAMargin
17.42%
EBITDA
$1.06B
Total Equity
$2.78B
Three Year Compounded Annual Growth Rate Of Revenue
4.85%
Total Debt
$2.75B
Enterprise Value / Sales
2.36x
Enterprise Value EBITDAOperating
13.36x
TEVNet Income
25.94x
Debt TEV
0.19x
Non-Profit Donations & Grants
Investments
Details Hidden

Flo Technologies, Inc. develops water control systems for homes and buildings that eliminates flooding caused by plumbing failures. Its products include smart water shutoff, smart water detector, and battery backup. The company was founded by Henry Halimi and Gabriel Halimi and is headquartered in Culver City, CA.

Investors
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Co-Founder at Comparably, Inc.

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Founder at Ring, Inc.

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Suppliers
MoistureShield, Inc. Holding Companies | Springdale, AR

MoistureShield, Inc. engages in the development, manufacturing, and marketing of composite building materials. The company was founded by Joe G. Brooks on March 07, 1989 and is headquartered in Springdale, AR.

American Software Inc. Computer Software | Atlanta, GA

American Software (NASDAQ: AMSWA) provides demand-driven supply chain management and enterprise software solutions backed by more than 40 years of industry experience that drive value for companies regardless of market conditions. American Software, Inc. (American Software) develops, markets and supports a portfolio of software and services that deliver enterprise management and collaborative supply chain solutions to the global marketplace. The Company's software and services are designed to bring business value to enterprises by supporting their operations over intranets, extranets, client/servers or the Internet. It provides software solutions through three business segments, which are broken down into four product and service groups. The three business segments include Supply Chain Management (SCM), Enterprise Resource Planning (ERP) and Information Technology (IT) Consulting

Sunspring Metal Corp. Wholesale: Raw Materials | Taichung, Taiwan

Sunspring Metal Corp. engages in the manufacture and sale of metal structure and building components. It manufactures valves, locks, and electrical equipment; sells hardware, mold, and machinery; and offers faucet metal parts and surface treatment services. The company was founded by Cheng Fa Yang in 1978 and is headquartered in Taichung, Taiwan.

Competitors
Masco Corporation Building Products & Construction Materials - Livonia, MI

Masco Corp. engages in the design, manufacture, marketing and distribution of branded home improvement and building products. It operates through the following business segments: Plumbing Products and Decorative Architectural Products. The Plumbing Products segment includes faucets; plumbing fittings and valves; showerheads and hand showers; bathtubs and shower enclosures; toilets; spas, and exercise pools. The Decorative Architectural Products segment offers paints and coating products; and cabinet, door, window, and other hardware. The company was founded by Alex Manoogian in 1929 and is headquartered in Livonia, MI.

Kohler Co. Metal Manufacturing & Products - Kohler, WI

Kohler Co. engages in the manufacture of plumbing products, furniture, tiles, engines, and generators. It provides kitchen & bath products; engines, power generation systems; cabinetry, tile, and home interiors. The company was founded by John Michael Kohler on December 3, 1873 and is headquartered in Kohler, WI.

Emerson Electric Co. Industrial Machinery & Manufacturing - St Louis, MO

Emerson Electric Co. is a global technology and engineering company, which provides innovative solutions for customers in industrial, commercial and residential markets. It operates through the following business segments: Automation Solutions; Climate Technologies; and Tools and Home Products. The Automation Solutions segment offers products, integrated solutions, software and services which enable process, hybrid and discrete manufacturers to maximize production, protect personnel and the environment, reduce project costs, and optimize their energy efficiency and operating costs. The Climate Technologies segment provides products and services for many areas of the climate control industry, including residential heating and cooling, commercial air conditioning, and commercial and industrial refrigeration. The Tools and Home Products segment provides tools for professionals and homeowners and appliance solutions. The company was founded by Charles Meston and Alexander Meston on September 24, 1890 and is headquartered in St. Louis, MO.

Awards & Honors
Rank #533
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
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