- Fortune Brands Home & Security Inc (NYSE:FBHS) has acquired Aqualisa Holdings (International) Ltd., a manufacturer of shower products, for ~$160 million.
- Founded in 1976, Aqualisa is headquartered in Westerham, U.K., with ~260 associates.
- FBHS noted the purchase price represents roughly 8 times post-synergy EBITDA.
- “This exciting acquisition helps advance our key strategic focus on the super-charged categories in water. As part of our Fortune Brands Water Innovations business, Aqualisa will enable us to continue to leverage powerful growth accelerants in water management, connected products, and global sustainability,” commented Nicholas Fink, CEO of Fortune Brands.
- Fortune Brands completed the acquisition on July 29, 2022.
- FBHS held cash and equivalents of $364.6 million as of June 30, 2022.
- Price Action: FBHS shares are trading lower by 0.20% at $69.54 on the last check Monday.
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Okta Q3 EPS $0.00 Up From $(0.07) YoY, Sales $481.00M Beat $465.34M Estimate
Okta (NASDAQ:OKTA) reported quarterly sales of $481.00 million which beat the analyst consensus estimate of $465.34 million by 3.37 percent. This is a 37.16 percent increase over sales of $350.68 million the same period
