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Moen’sParentCompanyReportedRevenuesOf23.9BillionYuanInTheFirstHalfOfTheYear

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Ширкати волидайни Моен дар бораи даромадҳо гузориш дод 23.9 Миллиард юан дар нимаи аввали сол

Ошхонаи аслии & Bath Junction Kitchen & Сарлавҳаҳои ҳаммом

According to the financial report recently released by Moen (Бар) parent companyFortune Brands Home & 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% Аз январ то июн, reaching $3.707 миллиард (тақрибан RMB 23.9 миллиард).

FBHS has maintained a steady sales growth trend in recent years. Аз $3.3 миллиард дар 2011 ба $6.1 миллиард дар 2020, it has doubled in 10 сол. If the momentum of the first half of the year is maintained in the second half of 2021, U.s. 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 миллиард, with the plumbing business accounting for nearly 60% of the total

Рӯзи июл 28, ШМА. time, FBHS released its second quarter and half-year report for 2021. From January to June, FBHS achieved sales of $3.707 миллиард (Дар бораи RMB 23.9 миллиард), афзоиши 33% сол ба сол, of which the second quarter contributed sales of $1.936 миллиард, афзоиши 41% сол ба сол. 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 миллиард, $1.394 billion and FBHS has three businesses: plumbing, cabinetry, outdoor and security, with first-half sales of $1.316 миллиард, $1.394 billion and $997 миллион, боло 35 фоиз, 20 фоиз, ва 54 фоиз, мутаносибан.

FBHS First Half Sales Data

In terms of profits, on a GAAP basis, FBHS achieved an operating profit of $543 million in the first half of the year, with the plumbing business accounting for the largest share of operating profit at $317 миллион, боло 48% сол ба сол, 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 миллион, боло 81% ва 71%, мутаносибан. As a result of better-operating profit growth, FBHS’s first-half EBITDA (earnings before taxes, interest, depreciation, and amortization) reached $395 миллион, афзоиши 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 сол. Дар 2011, FBHS had sales of $3.3 billion and has largely maintained a growth trend in the 10 years since. Дар 2020, FBHS achieved sales of $6.1 миллиард, афзоиши 6% сол ба сол. FBHS forecasts full-year sales growth is expected to be in the range of 23-25% дар 2021.

 

With Moen, ROHL, and other six major bathroom brands

According to the official website, FBHS currently employs more than 27,500 одамон. It has operations in North America, Хитой, Зеландияи Нав, South Africa and Europe, ва ғайра. Fbhs’ Global Plumbing Group (Gpg), which is responsible for the plumbing business, таъсис ёфтааст 2016. Through mergers and acquisitions, GPG now has six major bathroom brands, Моен (U.s.), Perrin & Хат (U.K.), Риобел (Канада), HOUSE OF ROHL (U.s.), Shaws (U.K.) and Victoria + Алберт (U.K.).

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

Дар байни онҳо, Moen is one of the most familiar American bathroom brands to Chinese consumers. Дар 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. Дар солҳоӣ охир, 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 Ошхонаи Шанхай & Sanitary Show

In addition to the bathroom business, FBHS also has a cabinet division, as well as an outdoor and security division. Дар байни онҳо, the cabinet business is carried out by several brands such as Decora, OMEGA, Aristokraft, Алмос, Fieldstone, Кемпер, Mantra, ва ғайра. Some cabinet brands also sell bathroom cabinet products.

FBHS cabinet brands also sell bathroom cabinet products

 

Acquired over 20 Ширкатҳо дар 50 сол

Ҳамчун як ширкати бузург, FBHS is far less well-known in China than subsidiaries such as Moen and ROHL. Аммо, the development of this company is a typical example of the development and growth of the household industry through acquisition. Гуфтан мумкин аст, ки таърихи fbhs таърихи хариди брендист.

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

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