Fortune Brands Home & Security Q4 Profit Surges

(RTTNews) - Fortune Brands Home & Security, Inc. (FBHS) Wednesday reported fourth-quarter net income of $64.2 million or $0.37 per share, compared to $18.4 million or $0.11 per share last year.

Adjusted earnings were $0.38 per share compared to $0.23 per share last year.

Net sales for the quarter grew 16.2 percent to $1.10 billion from $947.9 million last year.

Analysts polled by Thomson Reuters expected the company to earn $0.38 per share on revenue of $1.10 billion for the quarter. Analysts' estimates typically exclude special items.

Looking forward to the full year 2014, the company expects earnings before charges/gains to be in the range of $1.91 to $2.01. Analysts currently estimate earnings of $1.99 per share for the year.