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Home > Fortune 500 Companies > Fortune Brands
Fortune Brands
Fortune Brands is a publicly traded company having a good stock performance result. Fortune Brands is a fortune 500 stock listed company trading under FO. Fortune Brands was founded in 1904 and is headquartered in Deerfield, Illinois. Fortune Brands through its subsidiaries engages in the manufacture, production and sale of home and hardware products, spirits, wine and golf products.
The company’s home and hardware products include custom, semi custom, stock, and ready to assemble cabinetry for the kitchen, bath and home faucets, bath furnishings, accessories, parts and kitchen sinks and fiberglass and steel residential entry door and patio door systems.
Fortune Brands provides spirits and wine products which include bourbon and other whiskeys, cordials, gin, vodka, rum, cognac, tequila and single malt scotch. Further it manufactures and markets golf balls, golf clubs, golf shoes, golf gloves, golf bags, golf outerwear, and accessories. The company sells its products primarily in the United States, Canada, the United Kingdom, and Germany etc.
2005 was a year of performance, progress and dramatic change for Fortune Brands.Fortune Brands sustained advances in the marketplace reflect their intense focus on their consumers and customers. Many stockholders find that dividend reinvestment provides a convenient and economical way to increase their ownership in Fortune Brands.
Share gains in major consumer categories and the addition of newly acquired spirits and wine brands contributed to 10 percent growth in earnings per share before charges/gains for the quarter and 12 percent growth for the full year. The fourth quarter, on a continuing operations basis as Diluted EPS before charges/gains was 1.22 dollars, up 10 percent from 1.11 dollars in the year ago quarter.
These results were two cents above the mean estimate of Wall Street securities analysts. Net sales were 1.96 billion dollars, up 24 percent. Sales benefited 17 percentage points from the net impact of acquisitions, excise taxes and favorable foreign exchange. Operating income was 305 million dollars, up 16 percent.
Fortune Brands does not assume any obligation to update, amend or clarify them to reflect events, new information or circumstances occurring after the date of this release. Actual results may differ significantly from those projected as a result of certain risks and uncertainties including but not limited to competitive market pressures including product and pricing pressures consolidation of their trade customers and increased private-label products etc.
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