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Fortune Brands Reports Strong 2Q 2022 Results as Price and Cost Actions Fully Offset Inflation; Separation of Companies Progressing Ahead of Schedule and Company Updates Guidance to Reflect Incremental Costs Related to the Separation

Business and Operations Highlights: 2Q 2022 sales of $2.1 billion, an increase of 9 percent versus a year ago 2Q 2022 earnings per share (EPS) of $1.46, a decrease of 6 percent versus a year ago; EPS before charges / gains of $1.67, an increase