Tag Archives: Moen

• Fortune Brands 1Q Net Up 12% On Strong Spirit Sales

Fortune Brands Inc.’s (FO) first-quarter earnings rose 12% as strong sales, especially in the spirits unit, offset higher input costs and continued brand investment. Earnings beat analyst expectations, but commentary on higher freight and raw material prices and potential pressure in the second quarter helped push shares down 1.9% to $63.43 in recent trading. Fortune […]

• Fortune Brands to invest in liquor business

Fortune Brands to invest in liquor business

Fortune Brands Inc. plans to pour money into marketing its liquor brands like Jim Beam and Maker’s Mark as it prepares to become a standalone spirits company. A top executive also says it will keep an eye out for potential acquisitions. Fortune Brands is spinning off its home and security business, including units that make […]

• Fortune Brands Earnings Soar

Fortune Brands Inc.’s fourth-quarter earnings soared compared with a year-earlier quarter that included hefty write-downs, and sales grew in all of the company’s disparate businesses. The maker of Jim Beam whiskey, Moen faucets and Titleist golf clubs said it is still on track to complete its breakup in the second half. The Deerfield, Ill., company […]

• Fortune Brands Splits Into Three Companies

Maker of Jim Bean, Titleist golf supplies, and Moen faucets to split Fortune Brands Inc., the company that makes a variety of consumer products including liquor, golf products, and home furnishings, announced on Wednesday that it would split into three companies. Fortune makes alcohol under the brands Jim Beam and Maker’s Mark; golf balls, supplies, […]