![]() Now, turning to our view on the housing market. Finally, Pat will provide highlights on our financial results, balance sheet strength and liquidity, as well as thoughts around our increased guidance to our financial outlook for the year. I will then highlight key takeaways from our second quarter and provide additional color on what drove the results. First, I will discuss what we are seeing in the home products market. Turning to the remainder of our remarks today. Thank you to all who work hard each day standing proudly behind our world-class brands that make an increasingly positive impact on people's homes, safety and communities. These outstanding results would not have been possible without our exceptional team of people who continue to make the difference bringing safety first, going above and beyond to serve our channel partners and customers and operating with a culture of excellence. We continue to deliver on our strategic agenda including accelerating our margin improvement and growth initiatives by our Fortune Brands Advantage capabilities while also investing for future growth to drive increasing stakeholder value. We now expect full-year organic sales growth to be in the high teens as favorable demand trends persist. While this quarter provided an easier comp given the COVID-related shutdowns in North America and Europe last year, each segment also delivered sequential sales growth and operating margin improvement versus a strong first quarter of 2020. On the back of a strong market and our accelerating the outperformance, we are again increasing our full-year 2021 sales and EPS guidance, while maintaining our operating margin goal of around 15%., Pat will go in to further detail on our increased guidance later in the call. Across our company, we're diligently working to meet demand and keep our customers served with our industry-leading brands. Headwinds from inflation and supply chain constraints were significant in the quarter, making these results even more remarkable. Operating margin increased 110 basis points to 15.4% and earnings per share increased 66%. Current demand for our products remains robust and our teams continue to drive accelerated share gains across the portfolio. That includes organic growth of 20% versus 2019 and over 9% sequentially versus our excellent first quarter of 2021. We remain on track to achieve both our near and long-term performance objectives across all metrics.įor the quarter, our company sales increased 41% in total and 32% organically, with all segments driving strong growth. Our second quarter results demonstrated that we are delivering market beating growth and margin progression even in the face of numerous external challenges. Our teams once again delivered an exceptional quarter driving outperformance on both the top and bottom lines. I hope that you're all enjoy your summer while continuing to stay safe and healthy. Thanks, Dave, and thank you to everyone for joining us on the call today. Following our prepared remarks, we have allowed time to address some questions. ![]() With me on the call today are, Nickolas Fink, our Chief Executive Officer and Patrick Hallinan, our Chief Financial Officer. Any references to operating profit or margin, earnings per share or cash flow on today's call will focus on our results on a before charges and gains basis unless otherwise specified. ![]() The company does not undertake any obligation to update or revise any forward-looking statements except as required by law. These risks are detailed in our various filings with the SEC, such as in our most recent Form 10-K. I want to remind everyone that the forward-looking statements we make on the call today either in our prepared remarks or in the associated question-and-answer session are based on current expectations and market outlook, and are subject to certain risks and uncertainties that may cause actual results to differ materially from those currently anticipated. The earnings release and the audio replay of the webcast of this call can be found in the Investors section of our website. Hopefully, everyone has had a chance to review the earnings release issued earlier. Good afternoon, everyone, and welcome to the Fortune Brands Home & Security second quarter 2021 investor conference call and webcast. David Barry, Senior Vice President of Finance and Investor Relations. I would now like to turn the call over to Mr. After the speakers' remarks, there will be a question-and-answer session. All lines have been placed on mute to prevent any background noise. At this time, I would like to welcome everyone to Fortune Brands' Second Quarter 2021 Earnings Conference Call. Hello, my name is Tawanda, and I will be your conference operator today. (FBHS) Q2 2021 Earnings Conference Call J4:30 PM ETĭave Barry - Senior Vice President of Finance & Investor Relations
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