Fortune Brands Innovations Inc

Fortune Brands Innovations, Inc. manufactures and supplies home and security products and services. The company operates through the following segments: Cabinets, Plumbing, Outdoors & Security. The Cabinets segment manufactures custom, semi-custom, and stock cabinetry, as well as vanities, for the kitchen and bath. The Plumbing segment includes faucets, accessories, and kitchen sinks. The Outdoors & Security segment consists of fiberglass and steel entry door systems. The Security segment offers locks, safety and security devices, and electronic security products manufactured, sourced, and distributed under the Master Lock brand. Its brands include Master Lock security products, Masterbrand cabinets, Moen faucets, Simonton windows, and Therma-Tru entry door systems. The company was founded on June 9, 1988, and is headquartered in Deerfield, IL.

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Fortune Brands Innovations reports solid Q4 performance amidst market challenges

Fortune Brands Innovations showcased resilience in its financial performance despite market challenges, with a focus on margin preservation, cash generation, and strategic investments. The company's pricing strategy aims to enhance margins for channel partners while delivering value and innovation for consumers. Anticipated sales declines in the first half of 2023 are expected to be offset by improved operating margins in the second half.

Fortune Brands Innovations Inc reports Q1 performance decline and strategic growth focus

FBIN's Q1 performance saw a decline in sales and operating income, impacted by market challenges and proactive cost adjustments. Despite short-term impacts, the company remains confident in long-term growth potential and margin progression.
The company's strategic investments in material science and capacity aim to capture growth in the materials conversion business. FBIN's strong balance sheet, pricing strategy, and channel inventory management are key strengths.
Challenges include market impacts on sales, lower-than-expected margins in certain segments, and supply chain issues. Opportunities lie in long-term growth prospects, strategic positioning, and capital allocation strategies.

Fortune Brands reports Q2 earnings decline but projects growth

Fortune Brands Innovations Inc reported mixed sales performance across segments, with a decline in net sales but strong margins. The recent acquisition is expected to enhance the company's luxury portfolio and drive innovation. Revised guidance reflects confidence in earnings per share and operating margins for the full year.
The company's balance sheet remains strong, with a focus on synergies, innovation, and pricing strategies. Despite challenges in certain segments, opportunities exist for growth through acquisitions, market expansion, and e-commerce. The company's strategic focus on the Pro market and consumer trends positions it well for future success.

FBIN reports solid Q3 performance, eyes growth in smart water

FBIN's Q3 performance showed sales growth and margin improvement, with a focus on outpacing the market.
Challenges in housing market and margin outlook adjustments noted, with opportunities in smart water products highlighted.
Company anticipates growth in 2024 through internal actions, cost comps, and pricing strategies.
FBIN aims to drive margin expansion and earnings growth, focusing on sustainable growth in key segments.

Fortune Brands Innovations Inc reports solid Q4 performance and growth opportunities

FBIN's Q4 2023 showcased solid sales and margin results, with a focus on long-term growth and cash generation. Key segments like Water Innovations, Outdoors, and Security demonstrated above-market performance.
The company's emphasis on growth areas and pricing strategies align with consumer trends and premium positioning. Challenges include organic sales decline and potential margin fluctuations from acquisitions.
Opportunities lie in capturing growth from younger consumers, R&R activity lift, and sequential sales improvement. Effective cash flow management and capital deployment strategies strengthen FBIN's financial position.

Fortune Brands Innovations Inc reports strong Q1 results and eyes market expansion through digital innovation

FBIN's Q1 performance reflects operational strength and strategic focus on growth segments and digital innovation, positioning the company for continued success.
While facing challenges in consumer behavior and market uncertainties, FBIN remains optimistic about its trajectory and opportunities for expansion and profitability.
With a strong financial foundation, positive outlook, and focus on market trends, FBIN is poised to capitalize on opportunities in the housing market and digital transformation.

Fortune Brands Innovations reports robust Q2 performance and digital growth

Fortune Brands Innovations Inc delivered a strong Q2 performance with notable sales and margin improvements, driven by a focus on digital growth and operational efficiency.
While facing challenges in China sales and external market conditions, the company remains optimistic about future growth opportunities and is prepared to navigate potential risks.
Confidence in hitting margin guidance, coupled with a strategic focus on digital innovation and cost management, positions the company well for sustained success.
Adaptability, resilience, and growth in key business segments underscore Fortune Brands Innovations' strategic approach to driving performance and seizing opportunities.

Fortune Brands reports Q3 earnings decline but strengthens digital portfolio

Fortune Brands Innovations Inc navigated a challenging quarter with a decline in net sales but improved operating margin. The company's digital segment showed strong growth, while efforts to combat competitive products and manage market conditions in China are underway. With a strategic focus on core growth and digital offerings, Fortune Brands is preparing for future opportunities.

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Fortune Brands Innovations, Inc. is an innovation and channel leader focused on supercharged categories in the home products, security, and commercial building markets. Its brands include Moen, House of Rohl, Aqualisa, Emtek, Therma-Tru, Larson, Fiberon, Master Lock, SentrySafe, Yale and August. The company was founded on June 9, 1988 and is headquartered in Deerfield, IL.

I maintain a buy rating on Fortune Brands Innovations, expecting growth recovery in FY25 driven by improved housing demand and a successful connected product strategy. Despite an 8.4% sales decline, margin expansion across all segments indicates effective management, with potential for further margin improvement. FBIN's connected product strategy shows strong growth potential, with significant revenue opportunities from insurance contracts and homeowner talks.

Fortune Brands Innovations: Growth Should Recover In FY25

Fortune Brands Innovations, Inc. (FBIN) Q3 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Fortune Brands Innovations (FBIN) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Fortune Brands Innovations (FBIN) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Fortune Brands Innovations (FBIN) came out with quarterly earnings of $1.16 per share, beating the Zacks Consensus Estimate of $1.15 per share. This compares to earnings of $1.19 per share a year ago.

Fortune Brands Innovations (FBIN) Q3 Earnings Beat Estimates

DEERFIELD, Ill.--(BUSINESS WIRE)-- #FBIN--Fortune Brands Innovations, Inc. (NYSE: FBIN or “Fortune Brands” or the “Company”), an industry-leading innovation company whose purpose is to elevate every life by transforming spaces into havens, today announced third quarter 2024 results. “Our teams continued to execute in a very dynamic market. We again delivered margin expansion despite the unfavorable macroeconomic environment,” said Fortune Brands Chief Executive Officer Nicholas Fink. “We are focused on.

Fortune Brands Significantly Expands Margin in the Third Quarter; Executes on Focused Set of Strategic Priorities Amidst a Challenging Environment

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Fortune Brands Innovations (FBIN), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.

Countdown to Fortune Brands Innovations (FBIN) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS

The new Moen facility, designed and delivered by FORTNA, optimizes operational performance The new Moen facility, designed and delivered by FORTNA, optimizes operational performance

Moen and FORTNA Celebrate the Opening of New North Las Vegas Greenfield Distribution Center

DEERFIELD, Ill.--(BUSINESS WIRE)-- #FBIN--Fortune Brands Innovations, Inc. (NYSE: FBIN or “Fortune Brands” or the “Company”), an industry-leading innovation company focused on creating smarter, safer and more beautiful homes and improving lives, will release third quarter 2024 financial results after the market close on Wednesday, November 6, 2024. At 5:00 p.m. ET, Chief Executive Officer Nicholas Fink, Chief Financial Officer David Barry, and Vice President of Investor Relations and Corporate Affairs.

Fortune Brands Sets Date for Third Quarter Earnings Announcement and Investor Conference Call

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A focus on digitization, e-commerce, product innovation and new marketing techniques is encouraging for the Zacks Retail-Home Furnishing industry players like WSM and FBIN despite a challenging macro backdrop.

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Meritage Homes

FBIN's recent partnership with Meritage Homes is set to solidify Moen's exceptional plumbing solutions.

Fortune Brands' Moen to be MTH's Exclusive Plumbing Partner

A majority of renters say receiving one month of free rent would bring peace of mind; Yale offers a financial helping hand and renter-friendly security with the retrofit Yale Approach Lock A majority of renters say receiving one month of free rent would bring peace of mind; Yale offers a financial helping hand and renter-friendly security with the retrofit Yale Approach Lock

Yale's “Secure Start” Program Helps Cover Renter Home Security Needs

NEW AGREEMENT STRENGTHENS PARTNERSHIP DELIVERING EXCEPTIONAL EXPERIENCES TO HOMEBUYERS WITH UNMATCHED QUALITY AND DURABILITY NORTH OLMSTED, Ohio , Sept. 30, 2024 /PRNewswire/ -- Two leading companies in the home building industry are solidifying their relationship to deliver exceptional plumbing solutions within quality energy-efficient homes to homebuyers across the country.

Moen Expands Two-Decade-Long Partnership with Meritage Homes as the Exclusive Plumbing Partner

DEERFIELD, Ill.--(BUSINESS WIRE)-- #FBIN--Fortune Brands Innovations, Inc. (NYSE: FBIN or “Fortune Brands” or the “Company”), an industry-leading innovation company focused on creating smarter, safer and more beautiful homes and improving lives, today announced that its Board of Directors declared a quarterly cash dividend of $0.24 per common share. The dividend is payable on December 11, 2024, to stockholders of record as of the close of business on November 22, 2024. About Fortune Brands Innovations.

Fortune Brands Declares Quarterly Dividend

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OVERLAND PARK, KS / ACCESSWIRE / September 13, 2024 / Tortoise Capital today announced upcoming additions and deletions to its indices as part of its regular quarterly rebalancing for the third quarter of 2024. Following the close of trading on Friday, Sept.

Tortoise Capital Announces Index Updates for Third Quarter 2024 and Change of Methodology for the Tortoise North American Pipeline Indexsm (TNAP)

FBIN Stock has outperformed since my previous buy rating. I see continued upside with revenues benefiting from market share gains, new partnerships, and a more favorable macro environment. The company's margins should benefit from favorable price/cost, improving mix, and volume leverage.

Fortune Brands: Good Execution And Interest Rate Cycle Reversal Should Drive Upside

FBIN has a positive growth outlook due to the improving US macro situation and partnership strategy for digital product sales. Recent earnings results show growth across all segments, with strong margins and net earnings growth. FBIN's digital product sales are expected to grow significantly, with partnerships driving potential for revenue growth and margin expansion.

Fortune Brands Innovations: Growth Could Be Structurally Higher In Near-Medium Term

Fortune Brands Innovations, Inc. (NYSE:FBIN ) Q2 2024 Earnings Conference Call July 25, 2024 5:00 PM ET Company Participants Leigh Avsec - Vice President, Investor Relations and Corporate Affairs Nicholas Fink - Chief Executive Officer David Barry - Executive Vice President and Chief Financial Officer Conference Call Participants Susan Maklari - Goldman Sachs Adam Baumgarten - Zelman & Associates Matthew Bouley - Barclays Michael Rehaut - JPMorgan Phil Ng - Jefferies John Lovallo - UBS Operator Good afternoon. My name is Sachi and I will be your conference operator today.

Fortune Brands Innovations, Inc. (FBIN) Q2 2024 Earnings Call Transcript

Although the revenue and EPS for Fortune Brands Innovations (FBIN) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About Fortune Brands Innovations (FBIN) Q2 Earnings

Fortune Brands Innovations (FBIN) came out with quarterly earnings of $1.16 per share, beating the Zacks Consensus Estimate of $1.12 per share. This compares to earnings of $1.07 per share a year ago.

Fortune Brands Innovations (FBIN) Beats Q2 Earnings Estimates

DEERFIELD, Ill.--(BUSINESS WIRE)-- #FBIN--Fortune Brands Innovations, Inc. (NYSE: FBIN or “Fortune Brands” or the “Company”), an industry-leading innovation company focused on creating smarter, safer and more beautiful homes and improving lives, today announced second quarter 2024 results. “Our teams continued to execute at a high level in a dynamic market. We delivered solid second quarter sales as our core U.S. products outperformed the market and we saw acceleration in our digital products,” said Fo.

Fortune Brands Delivers Solid Sales and Strong Margin Results in the Second Quarter; Updates Full Year Guidance

Fortune Brands Innovations (FBIN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Fortune Brands Innovations (FBIN) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Fortune Brands Innovations (FBIN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Fortune Brands Innovations (FBIN) Beat Estimates Again in Its Next Earnings Report?

DEERFIELD, Ill.--(BUSINESS WIRE)-- #FBIN--Fortune Brands Innovations, Inc. (NYSE: FBIN or “Fortune Brands” or the “Company”), an industry-leading innovation company focused on creating smarter, safer and more beautiful homes and improving lives, will release second quarter 2024 financial results after the market close on Thursday, July 25, 2024. At 5:00 p.m. ET, Chief Executive Officer Nicholas Fink, Chief Financial Officer David Barry, and Vice President of Investor Relations and Corporate Affairs Lei.

Fortune Brands Sets Date for Second Quarter Earnings Announcement and Investor Conference Call

DEERFIELD, Ill.--(BUSINESS WIRE)-- #FBIN--Fortune Brands Innovations, Inc. (NYSE: FBIN or “Fortune Brands” or the “Company”), an industry-leading innovation company focused on creating smarter, safer and more beautiful homes and improving lives, today announced the release of its 2023 ESG Report, which documents the Company's environmental, social and governance practices, initiatives and opportunities. “Fortune Brands Innovations is geared to strategically pursue our biggest opportunities, including i.

Fortune Brands Innovations Marks Progress and Opportunities Related to Positive Sustainable and Social Impacts in Newly Published 2023 ESG Report

NORTH OLMSTED, Ohio--(BUSINESS WIRE)--Moen, the leader in water experiences in the home, today announced it has signed an agreement with the California Water Efficiency Partnership (“CalWEP”) to advance water use efficiency in California through an instant rebate program for its Flo Smart Water Monitor and Shutoff. This innovative device offers a digitally driven and proactive approach to leak detection, with the ability to help reduce household water wasted through preventable leaks by up to 9.

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