Fortune Brands reports Q1 EPS ex-items 53c, consensus 53c

Reports Q1 revenue $1B, consensus $1.01B. “Our first quarter results reflect inconsistent execution and a dynamic external environment. While we are encouraged by our ability to grow sales in our Moen, House of Rohl, and Therma-Tru businesses, we recognize there is more work to do to improve our execution, optimize our structure to drive efficiencies and re-deploy capital towards our highest value creating opportunities. With a strong foundation in place and a focused set of priorities, we are confident in our ability to navigate the current environment and take the necessary actions to position the business for profitable growth over time,” said Fortune Brands (FBIN) Interim Chief Executive Officer David Barry.