It's time to celebrate.
Fortune Brands Home & Security, Inc. (NYSE: FBHS), an industry-leading home and security products company and the parent company of Simonton Windows, has been named to FORTUNE magazine’s 2014 List of World’s Most Admired Companies for the third consecutive year.
Fortune Brands Home & Security ranked No. 3 in the Home Equipment, Furnishings category in 2014, improving in six of the nine key attributes used to rank corporate reputation.
“We are honored to receive this prestigious recognition as our Company caps off an excellent second full year as an independent Company,” said Chris Klein, chief executive officer, Fortune Brands Home & Security, Inc. “On behalf of our more than 19,000 associates, we are proud to be recognized at this critical time as the market for our products expands and our own strong performance puts us on track for continued growth.”
FORTUNE's World's Most Admired Companies list is the definitive report card on corporate reputation. Hay Group, a global management consulting firm, has collaborated with FORTUNE annually since 1997 to identify, select and rank the World’s Most Admired Companies and uncover the business practices that make these companies highly regarded among their peers. To compile the rankings, corporate reputation and performance are measured against nine key attributes: innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment, quality of products and services, and global competitiveness.
Among those key attributes, Fortune Brands ranked No. 2 in its industry and ahead of a number of competitors in financial soundness, long-term investment, quality of management, people management and use of corporate assets. The company also improved its rankings between one and three points from the previous year in the areas of innovation, social responsibility, use of corporate assets, financial soundness and quality of products and services—and made a five point leap in the area of global competitiveness.