Fortune Brands Home & Security, Inc. (FBHS) Q1 2022 Earnings Conference Call April 28, 2022 4:30 PM ET
Company Participants
Dave Barry – Senior Vice President of Finance and Investor Relations
Nick Fink – Chief Executive Officer
Pat Hallinan – Chief Financial Officer
Conference Call Participants
Adam Baumgarten – Zelman
Susan Maklari – Goldman Sachs
Stephen Kim – Evercore ISI
Phil Ng – Jefferies
Truman Patterson – Wolfe Research
Operator
Good morning. My name is [indiscernible] I’ll be your operator for today’s call. At this time, I would like to welcome everyone to the Fortune Brands First Quarter 2022 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.
I would now like to turn the call over to Mr. Dave Barry, Senior Vice President of Finance and Investor Relations. You may begin the conference.
Dave Barry
Good afternoon, everyone, and welcome to the Fortune Brands Home & Security first quarter earnings call and webcast. Hopefully, everyone has had a chance to review both the earnings release and the updated investor presentation that highlight the strategic rationale underpinning our pursuit of a separation into two companies via a tax-free spin of our Cabinet segment. The earnings release, investor presentation and audio replay of this call can be found on the Investors section of our fbhs.com website.
I want to remind everyone today that the forward-looking statements we make on the call 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. These risks are detailed in our various filings with the SEC.
The company does not undertake any obligation to update or revise any forward-looking statements except as required by law. 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.
With me on the call today are Nick Fink, our Chief Executive Officer; and Pat Hallinan, our Chief Financial Officer. This call will be formatted differently than recent prior calls given today’s news. Nick will begin with his prepared remarks, which will highlight the strategic separation announcement, our first quarter performance and topics relevant to today’s housing and economic environment. Pat will then highlight our first quarter financial results and provide an update to our financial guidance. Finally, we will return to Nick to discus today’s announcement in more detail. Following our prepared remarks, we have allowed time to address some questions.