“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
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