“Our results this quarter are a testament to our strong brands, compelling product innovation and efficient supply chains. We look forward to building on ongoing market growth, but whether industry momentum continues or subsides, we believe we remain poised for lasting success and market outperformance. We have maintained our strong capital structure, and our companies are continuing their steady cadence of introducing innovative new products,” Klein added.“Our balance sheet remains solid,” said Lee Wyatt, senior vice president and chief financial officer. “As of March 31, 2012, cash was approximately $120 million, and debt was $431 million with a net debt-to-EBITDA ratio of approximately 1.1 times.”
Fortune Brands Home & Security Reports Strong First Quarter Results, Raises Full-Year Outlook
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.