Moen’s Parent Company Reported Revenues Of 23.9 Billion Yuan In The First Half Of The Year

オリジナルキッチン & Bath Junction Kitchen & お風呂の見出し

According to the financial report recently released by Moen (モーエン) parent company — フォーチュン ブランド ホーム & Security, 株式会社(Fortune Group, hereinafter referred to as FBHS), the company’s sales from January to June increased by 33% to reach The company’s sales increased 33% 1月から6月まで, 到達 $3.707 十億 (約人民元 23.9 十億).

FBHS has maintained a steady sales growth trend in recent years. から $3.3 10億インチ 2011 に $6.1 10億インチ 2020, it has doubled in 10 年. If the momentum of the first half of the year is maintained in the second half of 2021, 米国. home furnishing giant is expected to hit another record high in sales this year.

 

Sales in the first half of the year were $23.9 十億, with the plumbing business accounting for nearly 60% of the total

7月に 28, 私たち. time, FBHS released its second quarter and half-year report for 2021. 1月から6月まで, FBHS achieved sales of $3.707 十億 (人民元について 23.9 十億), の増加 33% 前年比, of which the second quarter contributed sales of $1.936 十億, の増加 41% 前年比. FBHS has three businesses: plumbing, cabinetry, outdoor and security, and the sales of the three businesses in the first half of the year were $1.316 十億, $1.394 billion and FBHS has three businesses: plumbing, cabinetry, outdoor and security, with first-half sales of $1.316 十億, $1.394 億と $997 百万, 上 35 パーセント, 20 パーセント, そして 54 パーセント, それぞれ.

FBHS First Half Sales Data

In terms of profits, on a GAAP basis, FBHS achieved an operating profit of $543 今年上半期で100万ドル, with the plumbing business accounting for the largest share of operating profit at $317 百万, 上 48% 前年比, accounting for approximately 58% of total operating profit. Operating profit for the cabinetry business was $147 million and operating profit for outdoor and security was $131 百万, 上 81% そして 71%, それぞれ. As a result of better-operating profit growth, FBHS’s first-half EBITDA (税引前利益, 興味, depreciation, and amortization) 到達した $395 百万, の増加 76 percent over the prior-year period.

FBHS first-half operating profit figures

A review of FBHS’ annual reports published since its IPO shows that the company’s sales revenue has doubled in 10 年. で 2011, FBHS had sales of $3.3 billion and has largely maintained a growth trend in the 10 years since. で 2020, FBHS achieved sales of $6.1 十億, の増加 6% 前年比. FBHS forecasts full-year sales growth is expected to be in the range of 23-25% で 2021.

 

With Moen, ロール, and other six major bathroom brands

According to the official website, FBHS currently employs more than 27,500 人々. It has operations in North America, 中国, New Zealand, South Africa and Europe, 等. FBHS’ Global Plumbing Group (GPG), which is responsible for the plumbing business, was established in 2016. Through mergers and acquisitions, GPG now has six major bathroom brands, モーエン (U.S.), ペリン & Rowe (U.K.), リオベル (カナダ), HOUSE OF ROHL (U.S.), ショーズ (U.K.) and Victoria + アルバート (U.K.).

HOUSE OF ROHL is known for its high-grade faucets and also has stores in China

その中で, Moen is one of the most familiar American bathroom brands to Chinese consumers. 年に設立 1939, the brand has grown into a globally recognized bathroom brand, which is also described by FBHS as “the number one brand in North America with global brand recognition. It has exclusive contracts with most of the largest homebuilders and benefits from a flexible global supply chain.”

Moen’s recently launched NEBIA BY MOEN shower system

Moen entered the Chinese market in 1994, selling mainly bathroom and kitchen products. Moen also brought a large number of new products to the Shanghai Kitchen & Bath Show held in May this year. 近年では, Moen has been actively developing in the direction of intelligence, launching a number of intelligent toilets, as well as intelligent products that support voice control, such as the Moen U intelligent shower system. But from the relevant description, it is clear that Moen is the main development engine of the FBHS plumbing business.

Moen booth at 2021 Shanghai Kitchen & Sanitary Show

In addition to the bathroom business, FBHS also has a cabinet division, as well as an outdoor and security division. その中で, the cabinet business is carried out by several brands such as Decora, OMEGA, Aristokraft, ダイヤモンド, Fieldstone, ケンパー, Mantra, 等. Some cabinet brands also sell bathroom cabinet products.

FBHS cabinet brands also sell bathroom cabinet products

 

Acquired over 20 の企業 50 年

巨大企業として, FBHS is far less well-known in China than subsidiaries such as Moen and ROHL. しかし, the development of this company is a typical example of the development and growth of the household industry through acquisition. FBHSの歴史はブランド買収の歴史とも言える.

In Fortune magazine’s recent list of the 500 largest companies in the United States, FBHS was ranked 456th, 上 38 spots from the previous year. And another home furnishing giant also based in the United States, Masco, was ranked 398 this year, reflecting the industry and investment community’s assessment of the two giants. As home furnishing giants also pursuing a multi-brand strategy, FBHS and Masco are expected to remain in competition for a long time. Industry events such as mergers, 買収, 販売, and restructuring handled by the two giants may be staged one after another.