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.
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. We believe the market continues to show positive signs of strong underlying long-term demand, and we are well-positioned for continued strong performance despite the more moderate pace of growth in the first half of 2019.
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 2018, Fortune Brands has deployed approximately $3.0 billion through acquisitions - including the acquisitions of Fiberon composite decking and Victoria + Albert 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.