Fortune Brands Home & Security Announces $150 Million Share Repurchase Authorization
With only
"In addition to organic growth, we plan to use our strong cash flow and
balance sheet to drive incremental shareholder value in a number of
ways," said
About
CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains certain "forward-looking statements"
regarding business strategies, market potential, future financial
performance and other matters. Statements preceded by, followed by or
that otherwise include the words "believes," "expects," "anticipates,"
"intends," "projects," "estimates," "plans," "outlook," and similar
expressions or future or conditional verbs such as "will," "should,"
"would," "may" and "could" are generally forward-looking in nature and
not historical facts. Where, in any forward-looking statement, we
express an expectation or belief as to future results or events, such
expectation or belief is based on the current plans and expectations of
our management. Although we believe that these statements are based on
reasonable assumptions, they are subject to numerous factors, risks and
uncertainties that could cause actual outcomes and results to be
materially different from those indicated in such statements. Our actual
results could differ materially from the results contemplated by these
forward-looking statements due to a number of factors, including but not
limited to: (i) our reliance on the North American home improvement,
repair and new home construction activity levels, (ii) the North
American and larger global economies, (iii) risk associated with
entering into potential strategic acquisitions and integrating acquired
companies, (iv) our ability to remain innovative and protect our
intellectual property, (v) our reliance on key customers and suppliers,
(vi) the cost and availability associated with our supply chains and the
availability of raw materials, (vii) risk of increases in our
postretirement benefit-related costs and funding requirements, and
(viii) changes in tax, environmental and federal and state laws and
industry regulatory standards. These and other factors are discussed in
Item 1A of our Annual Report on Form 10-K, filed with the
Investor and Media Contact:
brian.lantz@FBHS.com
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