Fortune Brands Home & Security Named to FORTUNE Magazine's List of "World's Most Admired Companies" for Second Consecutive Year
DEERFIELD, Ill.--(BUSINESS WIRE)-- Fortune Brands Home & Security, Inc. (NYS: FBHS) , an industry-leading home and security products company, today announced that it has been named to FORTUNE magazine's 2013 List of World's Most Admired Companies for the second consecutive year. The company once again ranked No. 3 in the "Home Equipment, Furnishings" category, ahead of its direct competitors.
"On behalf of our 16,000 associates, we are honored to receive this prestigious recognition, which comes at a great time for our company and our industry," said Chris Klein, chief executive officer, Fortune Brands Home & Security, Inc. "We are pleased to be recognized as a premier company in our industry. As the housing market begins to recover, we are poised to continue to distinguish ourselves with our solid business model, strong capital structure and clear strategies for growth," Klein said.
FORTUNE's World's Most Admired Companies list is the definitive report card on corporate reputations. Hay Group, a global management consulting firm, has collaborated with FORTUNE annually since 1997 to identify, select and rank theWorld's Most Admired Companies and uncover the business practices that make these companies highly regarded among their peers. To compile the rankings, corporate reputation and performance are measured against nine key attributes: innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment, quality of products and services, and global competitiveness.
Among those attributes, FBHS ranked No. 2 in its industry and ahead of its direct competitors in quality of management, people management and long-term investment.
About Fortune Brands Home & Security, Inc.
Fortune Brands Home & Security, Inc. (NYS: FBHS) , headquartered in Deerfield, Ill., creates products and services that help fulfill the dreams of homeowners and help people feel more secure. The company's trusted brands include Master Lock security products, MasterBrand cabinets, Moen faucets, Simonton windows and Therma-Tru entry door systems. FBHS holds market leadership positions in all of its segments. The company's 16,000 associates generated $3.6 billion in net sales in 2012. FBHS is part of the S&P MidCap 400 Index. For more information, please visit www.FBHS.com.
KEYWORDS: United States North America Illinois
The article Fortune Brands Home & Security Named to FORTUNE Magazine's List of "World's Most Admired Companies" for Second Consecutive Year originally appeared on Fool.com.
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