And so we're dealing prudently with a very unforeseen set of circumstances and being kind of cautious as we proceed. Why don't I start? And at times, either had some short-term shutdowns or certainly, a lot of absenteeism in the facilities. Our Doors business experienced an abrupt slowdown in the first part of the quarter as homebuilders stopped work and the wholesale channel destocked. You may begin your conference call.Good afternoon, everyone, and welcome to the Fortune Brands Home & Security's Second Quarter 2020 Investor Conference Call and Webcast. And that's not what we're seeing it all.

Since June's quarter end and into July, R&R and new construction activity continues to improve.With that market backdrop, some thoughts on the recent quarter. And then demand was particularly strong in your retail channel. EPS were $0.94 for the quarter, down 9% versus the $1.03 we earned in the same quarter last year. If you adjust for that, you're more like in a decremental margin performance in the quarter, adjusting any kind of onetime favorable items that won't sustain to 20%. When we look at the KCMA data for cabinets, recovered pretty nicely in June. The work that we have done over the last few years to reposition the core of the portfolio to the most attractive parts of the market and to expand our channel exposure have paid off well. Operating margin for the quarter was 8.2%, down 240 basis points versus the respective 2019 period. Fortune Brands was a holding company founded in 1969 as American Brands, renamed in 1997 and split apart in 2011. Further, we experienced high operational efficiency in our Doors business throughout the quarter, driving this segment's impressive year-over-year margin improvement.

See you at the top! We are set apart from the competition by our industry-leading brands in attractive, consumer-facing categories. From what it does from a capacity standpoint, we're now a couple of years into our pivot plan and really reaching an inflection point that's really delivering for us. We don't know that, that will happen. As we kind of look at the opportunity following the antidumping suit and kind of size and size what parts of that market would actually be attractive to us and then what our fair share would be, that $200 million to $300 million number is about right.

And then the other two kind of danced around the average for the portfolio with Cabinets a little below and finishing June in kind of that a low single-digit or mid-single-digit decline in June. I appreciate that. Nick?We are facing a pandemic that we have not known in modern times.

The Company operates through four segments. And what you see on the more company-specific cost take outside, whether it'd be from faster growth in your Fiberon business or any more structural costs that you've identified? As Nick mentioned, we are pleased with our team's performance, both in prioritizing and operating safely and in delivering solid financial results amid unprecedented circumstances. Cumulative Growth of a $10,000 Investment in Stock AdvisorFortune Brands Home & Security Inc (FBHS) Q2 2020 Earnings Call Transcript @themotleyfool #stocks $FBHS It's just an exciting place to be where it's got that flywheel going and it's generating investment dollars that we're going to put to work.Okay. Dividende: Das Verhältnis zwischen Dividende und Aktienkurs beträgt bei Fortune Brands Home & Security aktuell 1,16. Our efficiency actions, both permanent and temporary, are running ahead of expectations. We're going to reinvest a big portion of those, even as we did in the quarter, and we will for the rest of the year. And when you take that and then you take our portfolio, which we've done two years of core portfolio repositioning to the most attractive parts of the market, the exposure that we now have to where we need to be to capture those consumers is so much wider. I think that's still about right. It announced on December 8, 2010, that it would focus on its liquor business, and spin off or sell other parts of the company including home furnishings, hardware and golf products.

Just wanted to get a sense if that's the type of flattish number that you're continuing to see in July. But then we're starting to see more now in our consumer research is this is pushing people to think more about the home they live in, the shelters, are they in the one projects that they're doing. I think going back to late last year, you're talking to that being a $200 million to $300 million opportunity over the next couple of years.

Segment operating margin for the quarter increased 70 basis points over last year to 14.4%. I mean they have a lot coming at them in this quarter, and they were simply heroic in, firstly, operating safely and keeping people as safe as we did, which turned out to be an efficiency play as well. It's obviously with the level of uncertainty out there, it's difficult to say what that would be precisely. And so now that we're in kind of that post the legal subsidy era, it is set up to compete and is competing really, really well. And then the semicustom make-to-order product closer to flat, which frankly, given the volatility, we were very happy with just because of the volumes through the system.

Recent purchase mortgage applications data has been up strong double digits versus this time last year as well. In the same quarter last year, Fortune Brands Home reported EPS of $1.030 on revenue of $1.51 billion. We're going to, as Nick has been talking about, drive the permanent improvement in our business that allows us to keep leveraging even in a soft year, and we could stay on our three-year progression track without having a disruptive year like 2020 throw us off that path.And Seldon, with respect to Plumbing specifically, that business has taken aggressive cost actions, not just this year but last year as well. Now turning to cabinets.


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