![]() Importantly, we continue to drive market-leading growth while advancing our strategic agenda, including accelerating our margin improvement initiatives. Our stellar first quarter results were meaningfully ahead of a strong market and lapped a very good Q1 in 2020. This performance is the result of exceptional execution by our teams in the housing market, which we believe is in the early stages of a period of long-term sustainable growth. Operating margin increased 270 basis points to 14.8% and earnings per share increased 68%. For the quarter, our total company sales increased by 26% over last year, with each business delivering double-digit organic growth. Our business performed very strongly across the board. I couldn't be proud of our first quarter results, which reflect a broad-based acceleration of our remarkable 2020 performance. I hope that you and your loved ones are all staying safe as parts of the world begins to reopen. Following our prepared remarks, we have allowed time to address some questions.Īnd I will now turn the call over to Nick.ĭave, thank you and welcome, and thank you to everyone for joining us on the call today. With me on the call today are Nick Fink, our Chief Executive Officer and Pat Hallinan, our Chief Financial Officer. Any references to operating profit or margin earnings per share or cash flow on today's call will focus on our results on a before charges and gains basis unless otherwise specified. The company does not undertake any obligation to update or revise any forward-looking statements except as required by law. These risks are detailed in our various filings with the SEC such as in our most recent Form 10-K. ![]() I want to remind everyone that the forward-looking statements we make on the call today, either in our prepared remarks or in the associated question-and-answer session, are based on current expectations and market outlook and are subject to certain risks and uncertainties that may cause actual results to differ materially from those currently anticipated. The earnings release and the audio replay of the webcast of this call can be found in the Investors section of our website. Hopefully, everyone has had a chance to review the earnings release issued earlier. I'm excited to be here and I look forward to working with you all in my new role. I'm Dave Barry, and I recently became Senior Vice President, Finance and Investor Relations at Fortune Brands after spending the prior six years in our Plumbing segment, most recently as Chief Financial Officer. Good afternoon, everyone, and welcome to the Fortune Brands Home & Security First Quarter 2021 Investor Conference Call and Webcast. Dave Barry, Senior Vice President of Finance and Investor Relations. I would now like to turn the call over to Mr. After the speakers’ remarks, there will be a question-and-answer session. All lines have been placed on mute to prevent any background noise. At this time, I would like to welcome everyone to the Fortune Brands' First Quarter 2021 Earnings Conference Call. My name is Jason and I will be your conference operator today. (FBHS) Q1 2021 Earnings Conference Call Ap4:30 PM ETĭave Barry - Senior Vice President of Finance & Investor Relations
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