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Moen’sParentCompanyReportedRevenuesOf23.9BillionYuanInTheFirstHalfOfTheYear

ប្លុក

ក្រុមហ៊ុនមេរបស់ Moen បានរាយការណ៍ថាប្រាក់ចំណូល 23.9 ពាន់លានយ័នក្នុងឆមាសទីមួយនៃឆ្នាំនេះ

ផ្ទះបាយដើម & Bath Junction Kitchen & ចំណងជើងអាងងូតទឹក

According to the financial report recently released by Moen (ការអមនង) parent company — ផ្ទះសំណាងនៅផ្ទះ & Security, Inc.(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% ចាប់ពីខែមករាដល់ខែមិថុនា, reaching $3.707 ពាន់​លាន (ប្រហែល RMB 23.9 ពាន់​លាន).

FBHS has maintained a steady sales growth trend in recent years. ពី $3.3 billion in 2011 ទៅ $6.1 billion in 2020, it has doubled in 10 ឆ្នាំ. If the momentum of the first half of the year is maintained in the second half of 2021, សហរដ្ឋអាមេរិក. 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 ពាន់​លាន, with the plumbing business accounting for nearly 60% of the total

On July 28, U.S. time, FBHS released its second quarter and half-year report for 2021. From January to June, FBHS achieved sales of $3.707 ពាន់​លាន (អំពី RMB 23.9 ពាន់​លាន), ការកើនឡើងនៃ 33% ពីមួយឆ្នាំទៅមួយឆ្នាំ, of which the second quarter contributed sales of $1.936 ពាន់​លាន, ការកើនឡើងនៃ 41% ពីមួយឆ្នាំទៅមួយឆ្នាំ. 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 ពាន់​លាន, $1.394 billion and FBHS has three businesses: plumbing, cabinetry, outdoor and security, with first-half sales of $1.316 ពាន់​លាន, $1.394 ពាន់លាន និង $997 មយយលាន, ឡើង 35 ភាគរយ, 20 ភាគរយ, និង 54 ភាគរយ, រៀងៗខ្លួន.

FBHS First Half Sales Data

In terms of profits, on a GAAP basis, FBHS achieved an operating profit of $543 រាប់លាននាក់នៅឆមាសទីមួយនៃឆ្នាំនេះ, with the plumbing business accounting for the largest share of operating profit at $317 មយយលាន, ឡើង 48% ពីមួយឆ្នាំទៅមួយឆ្នាំ, 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 មយយលាន, ឡើង 81% និង 71%, រៀងៗខ្លួន. As a result of better-operating profit growth, FBHS’s first-half EBITDA (earnings before taxes, interest, depreciation, and amortization) reached $395 មយយលាន, ការកើនឡើងនៃ 76 percent over the prior-year period.

FBHS first-half operating profit figures

A review of FBHSannual reports published since its IPO shows that the company’s sales revenue has doubled in 10 ឆ្នាំ. ក្នុង 2011, FBHS had sales of $3.3 billion and has largely maintained a growth trend in the 10 years since. ក្នុង 2020, FBHS achieved sales of $6.1 ពាន់​លាន, ការកើនឡើងនៃ 6% ពីមួយឆ្នាំទៅមួយឆ្នាំ. FBHS forecasts full-year sales growth is expected to be in the range of 23-25% នៅក្នុង 2021.

 

With Moen, ROHL, and other six major bathroom brands

According to the official website, FBHS currently employs more than 27,500 របចារាស្រ្ដ. It has operations in North America, ចិន, New Zealand, South Africa and Europe, ល។. 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, ការអមនង (សហរដ្ឋអាមេរិក), Perrin & Rowe (U.K.), រេបែល (កាណាដា), HOUSE OF ROHL (សហរដ្ឋអាមេរិក), ដេល (U.K.) and Victoria + albert (U.K.).

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

ក្នុងចំណោម​ពួកគេ, Moen is one of the most familiar American bathroom brands to Chinese consumers. បានបង្កើតឡើងនៅក្នុង 1939, the brand has grown into a globally recognized bathroom brand, which is also described by FBHS asthe 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. ប៉ុន្មាន​ឆ្នាំ​នេះ, 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. ក្នុងចំណោម​ពួកគេ, the cabinet business is carried out by several brands such as Decora, OMEGA, Aristokraft, បេរច, Fieldstone, កមរិយសមាត្រា, Mantra, ល។. Some cabinet brands also sell bathroom cabinet products.

FBHS cabinet brands also sell bathroom cabinet products

 

Acquired over 20 ក្រុមហ៊ុននៅក្នុង 50 ឆ្នាំ

ក្នុងនាមជាក្រុមហ៊ុនយក្សមួយ, FBHS is far less well-known in China than subsidiaries such as Moen and ROHL. ទោះយ៉ាងណាក៏ដោយ, the development of this company is a typical example of the development and growth of the household industry through acquisition. វាអាចនិយាយថាប្រវត្តិសាស្រ្តរបស់អេហ្វប៊ីអេសគឺជាប្រវត្តិនៃការទិញយីហោ.

In Fortune magazine’s recent list of the 500 largest companies in the United States, FBHS was ranked 456th, ឡើង 38 spots from the previous year. And another home furnishing giant also based in the United States, Masco, was ranked 398 ឆ្នាំនេះ, 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, ការនាមខ្លួន, sales, and restructuring handled by the two giants may be staged one after another.

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