During Thursday’s Current trade, Shares of Fortune Brands Home & Security Inc (NYSE:FBHS), gain 3.17% to $45.58.
Fortune Brands Home & Security, Inc. (FBHS), an industry-leading home and security products company, declared second quarter 2015 results from ongoing operations and updated its 2015 annual outlook for earnings per share.
Second Quarter 2015
For the second quarter of 2015, sales were $1.17 billion, an enhance of 13 percent over the second quarter of 2014. Earnings per share were $0.48, contrast to $0.51 in the preceding-year quarter. EPS before charges/gains were $0.59, contrast to $0.51 the same quarter last year. Operating income was $128.2 million, contrast to $125.5 million in the preceding-year quarter. Operating income before charges/gains was $150.5 million, contrast to $125.6 million the same quarter last year.
For each segment in the second quarter of 2015, contrast to the preceding-year quarter:
- Cabinet sales raised 18 percent to the preceding year. Not taking into account the impact of the Norcraft acquisition, sales raised 8 percent, with the dealer channel growing 10 percent and in-stock cabinet and vanities increasing high teens.
- Plumbing sales raised 5 percent, with growth across the U.S. wholesale and retail channels, offset somewhat by the impact of Canadian currency and slower China sales.
- Door sales were up 6 percent with growth in both the wholesale and retail channels.
- Security sales raised 28 percent driven by the SentrySafe acquisition.
Fortune Brands Home & Security, Inc. provides home and security products for use in residential home repair, remodeling, new construction, security applications, and storage. It operates in four segments: Cabinets, Plumbing, Doors, and Security. The Cabinets segment manufactures custom, semi-custom, and stock cabinetry, in addition to vanities for the kitchen, bath, and other parts of the home under various brand names, counting Aristokraft, Kitchen Craft, Kitchen Classics, Omega, Schrock, Homecrest, Decorá, Diamond, St. Paul, Kemper, Thomasville, and Martha Stewart Living in North America.
Shares of HCP, Inc. (NYSE:HCP), declined -0.55% to $37.75, during its current trading session.
HCP (HCP) will report its second quarter 2015 financial results on Tuesday, August 4, 2015, before the open of trading on the New York Stock Exchange. HCP will also host a conference call and webcast at 9:00 a.m. Pacific Time (12:00 p.m. Eastern Time) that same day in order to review its financial performance and operating results for the quarter ended June 30, 2015.
HCP, Inc. is an independent hybrid real estate investment trust. The fund invests in real estate markets of the United States. It primarily invests in properties serving the healthcare industry counting sectors of healthcare such as senior housing, life science, medical office, hospital and skilled nursing. The fund also invests in mezzanine loans and other debt instruments.
USG Corporation (NYSE:USG), during its Thursday’s current trading session gained 5.57% to $28.63.
USG Corporation (USG), a leading building products company, stated results for the second quarter of 2015.
USG generated $79 million in net income and $0.54 per diluted share in the second quarter of 2015. On an adjusted basis, net income of $78 million and diluted earnings per share of $0.53 raised over 80 percent. Adjusted results exclude results from Gypsum Transportation Limited (GTL), a shipping operation that the Company has exited, comprised of in the Gypsum segment. A full reconciliation of GAAP to adjusted metrics is set forth on a plan attached hereto.
The corporation’s Gypsum segment generated $98 million of operating profit in the second quarter of 2015. On an adjusted basis, operating profit in the Gypsum segment improved by $20 million, led by the US Gypsum business which realized 310 basis points of improved operating margins. Wallboard offered $14 million of improved operating profit and the surfaces and substrates businesses contributed $9 million in total incremental profit. Favorable pricing and improved volumes coupled with lower natural gas costs and operational efficiencies drove the margin expansion in the US Gypsum business.
USG Corporation, through its auxiliaries, operates as a manufacturer and distributor of building materials worldwide. Its Gypsum segment provides gypsum and related products that are used to construct walls, ceilings, roofs, and floors of residential, commercial, and institutional buildings, in addition to in various industrial applications.
Finally, Himax Technologies, Inc. (ADR) (NASDAQ:HIMX), decreased -0.25%, to $7.88.
Himax Technologies, Inc. (HIMX) a leading supplier and fabless manufacturer of display drivers and other semiconductor products, declared that the Company will attend the Oppenheimer 18th Annual Technology, Internet & Communications Conference from August 11-12, 2015 at the Four Seasons Hotel in Boston.
Himax Technologies, Inc., a fabless semiconductor company, provides display imaging processing technologies to consumer electronics worldwide. The company operates through Driver IC and Non-Driver Products segments. It offers display driver integrated circuits (ICs) and timing controllers used in televisions (TVs), laptops, monitors, mobile phones, tablets, digital cameras, car navigation, and other consumer electronics devices.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
