FORTUNE BRANDS HOME & SEC (DE) (FBHS) Stock News

Fortune Brands Innovations (NYSE: FBIN) has elected Brendan M. Foley to its Board of Directors as a Class III member, effective July 1, 2025. Foley, who currently serves as Chairman, President and CEO of McCormick & Company, will serve a term expiring at the Company's 2026 annual meeting. Prior to his current role at McCormick, Foley held various leadership positions including President and COO, where he oversaw global supply chain and commercial operations. His extensive executive experience spans across consumer packaged goods and food industries, including positions at H.J. Heinz and General Mills.

Fortune Brands CEO Nicholas Fink highlighted Foley's valuable experience in adapting business strategy in dynamic markets and his background in global consumer brand management, strategic transformation, and operational leadership. The appointment aligns with the Board's commitment to refreshment and succession planning.

Fortune Brands Innovations (NYSE: FBIN) has announced a quarterly cash dividend of $0.25 per common share. The dividend will be paid on June 11, 2025, to stockholders of record as of the close of business on May 27, 2025.

Fortune Brands is an industry-leading home, security and digital products company that focuses on transforming spaces into havens. The company's portfolio includes notable brands such as Moen, House of Rohl, Aqualisa, SpringWell, Therma-Tru, Larson, Fiberon, Master Lock, SentrySafe, and Yale residential.

Fiberon's New London, North Carolina facility has been awarded the first-place Beam of Excellence award in Augury's inaugural Spotlight Awards for outstanding maintenance and reliability excellence. The facility leverages AI technology from Augury to monitor 140 machines for early fault detection, placing them in the top 5% of Augury customer sites based on response rates, IoT serviceability, user activity, and quantified wins.

The implementation has led to improvements in machine health, cost savings, safety, equipment lifespan, and team efficiency. Fiberon, a manufacturer of composite decking and railing products since 1997, emphasizes that this investment in proactive solutions ensures consistent delivery of high-quality products to customers.

Larson Manufacturing has launched its innovative 60 MT Maximum View storm door, featuring industry-first SureLatch magnetic technology. The new door offers 5% more glass area than comparable models, combining modern design with enhanced functionality. Key features include a heavy-duty aluminum frame, step-to-hold closer for hands-free operation, and optional Neat+ Low-E glass for improved energy efficiency.

The door comes in six colors, three glass models (Clear, Low-E, and Bevel), and four standard sizes with customizable options including French doors. Compatible with Larson's QuickFit handlesets, the door is available through retail stores, distributors, and online channels across the U.S. and Canada, backed by a lifetime limited warranty.

Fortune Brands Innovations (NYSE: FBIN) has successfully implemented Augury's AI-powered Machine Health solution across its manufacturing operations, achieving significant results. The partnership began with a pilot at FBIN's Fiberon facility in North Carolina, where the implementation on 40 machines generated a 2.5x ROI in just eight months. Following this success, FBIN is now executing a 12-month enterprise-wide rollout across 1,000+ machines in 16 sites across the U.S., UK, and Mexico. The AI solution uses sensors to capture vibration, temperature, and magnetic data, combined with advanced diagnostics and human expertise to improve industrial asset performance. Notable achievements include preventing a catastrophic melt-pump failure during the pilot phase. Currently at the halfway mark of implementation, the solution is already deployed on two-thirds of the targeted machines, demonstrating FBIN's commitment to digital transformation and operational excellence.

Fortune Brands (NYSE: FBIN) reported Q1 2025 results with sales of $1.0 billion, down 7% from Q1 2024. EPS decreased 45% to $0.42, while EPS before charges/gains fell 20% to $0.66. The company faced challenges from changing geopolitical and macroeconomic conditions affecting consumer demand. Segment performance showed declines across all divisions: Water Innovations (-10%), Outdoors (-3%), and Security (-4%). The company maintains a strong balance sheet with $340 million in cash and $970 million available under credit facility. Fortune Brands is implementing strategies to fully offset anticipated 2025 tariff impacts and has repurchased $175 million in shares during Q1. Due to uncertainty around consumer demand, the company is not providing detailed 2025 guidance but will outline EPS scenarios based on different volume assumptions.

Therma-Tru, a leading entry and patio door manufacturer, has secured two major sustainability awards from Green Builder Media in 2025: the Sustainable Brand Leader title in the door category for the seventh consecutive year and Sustainable Product of the Year for their Veris Collection.

The Veris Collection features glass-forward aluminum door systems with advanced thermal technology, available in pivot, hinged, folding, and sliding configurations. The product line focuses on energy efficiency and durability while maintaining aesthetic appeal.

The company's commitment to sustainability is further demonstrated through their Therma-Tru Thrive initiative, partnerships with Habitat for Humanity and Yellowstone Forever, and their product certifications - including ENERGY STAR compliance in all 50 states and 99.8% NFRC certification of their products.

Fortune Brands Innovations (NYSE: FBIN) has announced the appointment of Jonathan Baksht as Executive Vice President and Chief Financial Officer, effective May 5, 2025. Baksht brings nearly a decade of public company CFO experience, most recently serving as CFO of Pactiv Evergreen and previously at Valaris.

In his new role, Baksht will lead FBIN's financial planning, manage cash flow and balance sheet, and oversee all finance functions including accounting, financial planning and analysis, investor relations, treasury, tax and internal audit. He succeeds David Barry, who will continue as President of Security and Connected Products.

The company also announced it will release its first quarter 2025 financial results after market close on Tuesday, May 6, 2025, followed by an investor conference call at 5:00 p.m. ET.

Yale and Master Lock, part of Fortune Brands Innovations (NYSE: FBIN), unveiled new smart lock product lines at ISC West 2025 targeting professional markets. Yale's new multi-family product line includes the Pro® 2 series (Interconnected, Mortise, and Cylindrical Locks) featuring flexible connectivity options, single action egress, and tamper-proof keyless access.

Master Lock's new commercial solutions introduce Electronic and Connected Mortise/Cylindrical Locks designed for schools, healthcare facilities, and businesses. Key features include Z-Wave and Zigbee connectivity options, keypad access, and ANSI/BHMA Grade 1 certification with 180-minute fire rating. Both product lines will be available later this year, expanding the companies' presence in professional security solutions.