WINDSOR, CO--(Marketwire - Oct 22, 2012) - Security & Sound Design of Windsor, Colorado is pleased to announce a key new hire to join their team of security experts -- Jeff Ramos. Ramos started work on September 19, 2012 and is the local security company's Sales & Customer Service Consultant. With years of experience in sales, he brings expertise to Security & Sound Design's sales team.
Ramos says, "Security & Sound Design offers many options for the customer: from commercial security, to home entertainment systems to remote automation. It is fun to get into the creative side with builders, architects and homeowners. I've found my passion in setting up dream homes and functional businesses for customers."
Security & Sound has a variety of solutions for home and business owners' security and sound dilemmas.From alarm systems to control4 to integrated sound systems -- they are a full range security and entertainment company. In addition to providing products and services to existing customers, Security & Sound also reaches out to the community with their online blog so anyone can learn to become a security expert.
Commercial applications of Security & Sound's products and services include: GE Security with 24 hour monitoring fire protection systems, card access and video surveillance. Business owners can also set up automation through control4 in a commercial setting -- whether it is through a mobile device, iPod touch or other device. Multi-line phone systems, commercial sound design and cabling and wireless networks are a practical choice for any office or commercial building. Security & Sound Design can also help a company looking to gain the environmentally sustainable LEED certification.
Home design is also a popular service of Security & Sound. Home services include: GE security, 24 hour monitoring, alarm systems, custom design sound systems, home theater, automation, mobile device interactive access, central vacuum, video surveillance systems, intercom and cabling and wireless networks. Medical Alert Voice Pendants are available for those needing a backup system in case of a fall or injury away from the phone.
Ramos adds, "I've always been in sales, but I am newer to this industry. My previous sales experience is in the motorcycle and automotive industries, where I managed several different dealers in the area. I am excited to be learning a new industry and am well on my way to becoming a security expert."
Security & Sound Design is northern Colorado's premier security company. For more information about the benefits of alarm systems in your home or to contact a security expert call 970-686-1040 or visit http://www.securityandsound.com.
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Security & Sound Design Grows Team of Home and Business Security Experts With Key New Hire
DEERFIELD, Ill.--(BUSINESS WIRE)--
Fortune Brands Home & Security, Inc. (FBHS), an industry-leading home and security products company, today announced results for the third quarter of 2012.
Net sales were $909 million, an increase of 7 percent over the third quarter of 2011. Diluted earnings per share were $0.24 vs. $0.01 in the prior year quarter. Net charges were $0.14 lower than the third quarter of 2011.
Diluted EPS before charges/gains was $0.29 vs. $0.20 in the prior year quarter, a 45 percent increase.
Operating income was $60.6 million, an increase of $39.8 million over the prior-year quarter. Operating income before charges/gains was $72.9 million, up 34 percent year-over-year.
We had another very good quarter. We had broad strength in our businesses as expected, with sales growth in each of our segments, said Chris Klein, chief executive officer, Fortune Brands Home & Security, Inc. We achieved this success as the market for our products continued to improve, with double-digit growth in new housing construction and moderate improvement in spending for home repairs and remodeling.
For each segment in the third quarter 2012, compared to the prior-year quarter:
Our Cabinet sales grew nicely in the quarter, and our continued discipline on promotions coupled with our improving supply chain efficiencies resulted in a sharp year-over-year increase in operating income before charges/gains. Our Plumbing segment continued to capitalize on strength in the new construction market, thanks to our market-leading share with builders and wholesalers. Windows & Door segment sales benefited from the broadening of our distribution in doors and our strength in new construction, and profits improved as expected. Broader product placement, innovation and continued demand for global safety solutions led to gains in the Security & Storage segment, Klein said.
This was another successful quarter for us. Our results reflect the growth in new construction, thanks to the work weve done over the last several years to position ourselves for a recovering market. Our teams are executing well and delivering results that are meeting or exceeding expectations we laid out for ourselves one year ago when we spun off from Fortune Brands. It has been an exciting first year as an independent company, and we believe our solid capital structure, strong brands, compelling product innovation and operational excellence will enable us to perform well in the future, Klein said.
We improved upon our sound balance sheet, said Lee Wyatt, senior vice president and chief financial officer. As of September 30, 2012, cash was $216 million, and debt was down to $345 million with nothing outstanding on our $650 million revolving credit facility. Our net debt-to-EBITDA before charges/gains ratio is 0.4 times.
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Fortune Brands Home & Security Grows Sales and Profit in Third Quarter, Raises Annual Outlook for EPS