Revenue during the quarter grew 7.26 percent to $1,186.80 million from $1,106.50 million in the previous year period. Gross margin for the quarter expanded 99 basis points over the previous year period to 35.14 percent. Total expenses were 90.32 percent of quarterly revenues, down from 91.37 percent for the same period last year. This has led to an improvement of 105 basis points in operating margin to 9.68 percent.

Operating income for the quarter was $114.90 million, compared with $95.50 million in the previous year period.

However, the adjusted operating income for the quarter stood at $122 million compared to $104.60 million in the prior year period. At the same time, adjusted operating margin improved 83 basis points in the quarter to 10.28 percent from 9.45 percent in the last year period.

"Our first quarter performance was solid and overcame the challenging comparison to last year’s strong performance. We remain on-track to deliver another year of increased sales, operating margin and EPS," said Chris Klein, chief executive officer, Fortune Brands. "Sales and profit gains were broad based in the quarter, and due to our better than planned first quarter performance and some favorability in our tax rate, we are increasing our full year EPS outlook."

For fiscal year 2017, Fortune Brands Home & Security, Inc. forecasts revenue to grow in the range of 6 percent to 8 percent. The company expects diluted earnings per share to be in the range of $3 to $3.12.

The company has spent $29.60 million cash to meet investing activities during the quarter as against cash outgo of $43.80 million in the last year period.

Cash flow from financing activities was $6 million for the quarter, down 89.86 percent or $53.20 million, when compared with the last year period.

Cash and cash equivalents stood at $210.80 million as on Mar. 31, 2017, down 16.88 percent or $42.80 million from $253.60 million on Mar. 31, 2016.