Tranche Update on Fortune Brands Home & Security, Inc.'s Equity Buyback Plan announced on February 22, 2016.
January 31, 2017 at 04:06 pm EST
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From October 1, 2016 to December 31, 2016, the company has repurchased 1,159,845 shares, representing 0.75% for $61.8 million. With this, the company has completed the repurchase of 3,593,877 shares, representing 2.27% for $176.93 million under the buyback announced on February 22, 2016.
Fortune Brands Innovations, Inc. is a home, security and commercial building products company. Its Water Innovations segment manufactures or assembles and sells faucets, accessories, kitchen sinks and waste disposal, predominantly under the Moen, ROHL, Riobel, Victoria+Albert, Aqualisa and Shaws brands. Outdoors segment manufactures and sells fiberglass and steel entry door systems, storm, screen and security doors, composite decking, railing and cladding under the Fiberon brand, urethane millwork under the Fypon brand, and wide-opening exterior door systems and outdoor enclosures under the Solar Innovations brand. Security segment includes locks, safety and security devices, and electronic security products under the Master Lock and Yale brands, and fire-resistant safes, security containers under the SentrySafe brand. The Company, through SpringWell Water Filtration Systems, provides residential whole-home water filtration and water softening solutions via direct-to-consumer channels.