Maximizing Long-Term Value

Fortune Brands Home & Security is focused on creating long-term value through both core and incremental growth. Read more to learn about the opportunities.

Investor Overview core

Core Growth

How we do it

We have driven core growth by gaining market share and focusing on profitable opportunities. We've strengthened our solid business model, which includes:

  • Industry-leading brands in attractive categories
  • Innovation and operational excellence
  • Structural competitive advantages

We consistently outperform the market for our products. 

Potential from core growth

Our home products business mix is driven by U.S. repair & remodel and new construction, both benefitting from an elongated housing recovery. We are well-positioned for continued strong performance as the market returns to a steady state of approximately 1.5 million housing starts and remains at or above that level for several years.

Investor Overview Incremental Growth

Incremental Growth

How we do it

We have driven incremental growth by using our strong free cash flow and adding reasonable leverage to our balance sheet.

From 2011 through 2017, Fortune Brands has deployed approximately $3.0 billion through acquisitions - including the acquisitions of Victoria + Albert and Shaws plumbing products - as well as through share repurchases and increasing our dividend.

Potential from incremental growth

We intend to continue using our cash flow and balance sheet to drive incremental growth and maximize shareholder value.

We have substantial flexibility to:

  • Invest in current businesses.
  • Complete strategic acquisitions.
  • Repurchase shares and increase our dividend.