“We are very pleased with our performance this quarter. Our strategies and tight execution are producing profitable revenue growth, and we are in position to drive the business opportunities we believe will result in continued growth as the market continues to firm. We believe our solid capital structure, strong brands, exciting product innovation and operational excellence position us for continued success,” Klein said.“We improved upon our sound balance sheet,” said Lee Wyatt, senior vice president and chief financial officer. “As of June 30, 2012, cash was approximately $147 million, and debt was $361 million with nothing outstanding on our $650 million revolver facility. Our net debt-to-EBITDA ratio is down to 0.7 times.”
Fortune Brands Home & Security Continues Sales And Profit Growth In Second Quarter, Reaffirms Annual Outlook
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