COLUMBUS, OHIO –Fortune Brands Windows & Doors, which includes Therma-Tru Corp., Simonton Windows and Fypon, added 470 new jobs in 2013. The job increases come as a result of increased sales of door, window and trim products for both new construction and "repair and remodel" markets in 2013.
"Our window and door segment sales increased 12 percent for the full year of 2013," says Mark Savan, president of the windows and doors business unit owned by Fortune Brands Home & Security, Inc. (NYSE: FBHS). "Window and door segment operating profit more than tripled to $15.8 million in 2013. Our growth allowed us to fill 470 positions to support the increase in business."
Parent company, Fortune Brands Home & Security, sees ongoing signs of strength in the overall home products market in 2014 as noted in its year-end earnings reported on January 29, 2014. The demand for new construction is outstripping supply in many markets across the country and developers are preparing for significant growth in 2014 and beyond. More importantly, for repair and remodel, which is around 65 percent of the company's overall mix, there is expected continuation of the strong growth seen in the Fall 2013 season. Notably, there is strength building in bigger ticket semi-custom and custom cabinets and replacement windows.
Savan points out that products from Therma-Tru, Simonton Windows and Fypon also received strong interest from attendees of the recent 2014 NAHB International Builders’ Show®.
"Every new product option being introduced by our companies in 2014 positively impacts builders and remodelers working to meet consumer demands in the marketplace," says Savan. "Our door, window and trim products all offer uncompromising quality, aesthetic beauty and solid return-on-investment for both industry professionals and consumers."
Therma-Tru is the leading entry door brand most preferred by builders and remodelers. Founded in 1962, Therma-Tru pioneered the fiberglass entry door industry, and today offers a complete portfolio of entry and patio door system solutions, including decorative glass doorlites, sidelites and transoms, and door components. The company also offers low-maintenance Fypon® urethane and PVC products. Headquartered in Maumee, Ohio, Therma-Tru is part of Fortune Brands Home & Security, Inc. (NYSE: FBHS). For more information and product warranty details, visit www.thermatru.com, www.fypon.com or call (800) 537-8827.
About Simonton Windows
Simonton Windows has been ranked “Highest in Customer Satisfaction with Windows and Doors, Four Years in a Row. Tied in 2013.” by J.D. Power and Associates. Simonton produces ENERGY STAR® qualified vinyl replacement and new construction windows and doors, including a line of impact-resistant products.
Simonton was also ranked #1 in quality in the 2013, 2009, 2007, 2002 and 1998 Brand Use Studies sponsored by Builder magazine and has won three Best In Class Awards administered by LBM Journal Research Institute.
Founded in 1946, Simonton’s hallmark has been to deliver the industry’s shortest, most dependable lead-times. Part of Fortune Brands Home & Security, Inc. (NYSE: FBHS), Simonton delivers award-recognized products to key markets throughout the 48 continental United States and North America. Simonton is a Founding Sponsor of The Weather Museum, a Lifetime Founding Sponsor of the Lead Safe America Foundation, and a supporter of Homes for Our Troops. For information, call (800) SIMONTON (1-800-746-6686) or visit www.simonton.com.
Simonton Windows received the highest numerical score among window and door manufacturers in a tie in the proprietary J.D. Power and Associates 2010-2013 Windows and Patio Doors Satisfaction StudiesSM. (Tied in 2013). 2013 study based on responses from more than 2,554 consumers measuring 11 brands and measures opinions of consumers who purchased new windows or patio doors in the previous 12 months. Proprietary study results are based on experiences and perceptions of consumers surveyed in January – February 2013. Your experiences may vary. Visit jdpower.com.
Fypon manufactures thousands of decorative millwork elements in a variety of architectural styles to enhance the interior and exterior of homes. Each piece is crafted from tough, weather-resistant, high-performance materials that are resistant to decay, insect infestation and water damage for long-lasting beauty and low maintenance. Part of consumer products company Fortune Brands Home & Security (NYSE: FBHS), Fypon, LLC is owned by Therma-Tru Corp. For additional information, call 800-446-3040 or visit www.fypon.com.
About Fortune Brands Home & Security Inc.
Fortune Brands Home & Security, Inc. (NYSE: 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. FBHS is part of the S&P MidCap 400 Index. For more information, please visit www.FBHS.com.
This release contains certain "forward-looking statements" regarding market potential, future financial performance and other matters. 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, including the risks described in the Fortune Brands Home & Security Annual Report on Form 10-K. Except as required by law, we undertake no obligation to update or revise any forward-looking statements to reflect changed assumptions, the occurrence of anticipated or unanticipated events, new information or changes to future results over time or otherwise.
This presentation includes a financial measure, operating profit before charges/gains, that is derived on the basis of methodologies other than in accordance with U.S. generally accepted accounting principles (GAAP). For more information, including reconciliations of this non-GAAP financial measure to the most comparable GAAP measure, please visit the "Investor Center" section of the Company's website at www.FBHS.com.