said its second quarter is going well thanks to strong demand across its sprawling product portfolio, which includes everything from whiskey to bathroom faucets.
The Lincolnshire, Ill., company said earnings before restructuring items will be at the high end of a $1.17 to $1.26 a share range, although reported earnings will likely be lower than the $1.03 a share Fortune earned a year ago, when it recorded a tax gain. The company said full-year results before and after special items will rise strongly.
"The broad-based strength that fueled our first-quarter results has continued into the second quarter," the company said. "Consumer demand for our leading consumer brands remains strong. Successful new products, share-gain initiatives and productivity improvements are adding to Fortune Brands' sustained growth. All of our businesses continue to perform at or above our expectations."
At a Tuesday close of $74.92, Fortune's stock is up about 4% this year and currently trades at about 16.6 times this year's Thomson First Call estimate.