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Fortune Brands Innovations, Inc. - FBIN STOCK NEWS

Welcome to our dedicated news page for Fortune Brands Innovations (Ticker: FBIN), a resource for investors and traders seeking the latest updates and insights on Fortune Brands Innovations.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Fortune Brands Innovations's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary

Fortune Brands Innovations Inc. (NYSE: FBIN) reported strong Q1 2024 results with $1.1 billion in sales, a 7% increase YoY. Organic sales were $1.0 billion, a 3% decrease YoY. Earnings per share (EPS) were $0.76, a 13% increase YoY, and EPS before charges/gains were $0.83, a 20% increase YoY. The company reaffirmed its 2024 guidance, focusing on sales performance, margin expansion, and cash generation.

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Fortune Brands Innovations, Inc. (NYSE: FBIN) will release first quarter 2024 financial results on April 30, 2024. CEO Nicholas Fink and team will host a conference call to discuss the results.
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Fortune Brands Innovations, Inc. acquires SpringWell Water Filtration Systems to expand into the $4 billion U.S. residential water filtration market. The $105 million acquisition is expected to enhance FBIN's recurring revenue streams and digital marketing capabilities.
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House of Rohl announces the expansion of its brand portfolio at KBIS, introducing new luxury plumbing collections and welcoming Emtek and Schaub into its family. The new launches aim to blend richness, heritage, and design, reinforcing the brand's commitment to artistry and a well-crafted life.
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Fiberon announces new product lineup, including updated options for composite cladding, railing, and decking. The new products offer more customization opportunities for property owners, contractors, and homeowners. The company will showcase the new products at the International Builders' Show in Las Vegas.
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Therma-Tru has announced its new product lineup for 2024, including updated options for Smooth-Star Shaker-style doors, the innovative Advanta lite frame, and more. The press release details new options for Shaker-style entry doors, Advanta lite frame, and 8'0" Smooth-Star Doors and Sidelites with Elevated Bottom Rail. The company aims to provide innovative, beautiful options for today's homes, showcasing the clean style and increased daylight opening of full-lite EnLiten flush-glazed glass, new DDB and SDL styles, and the scrolled Advanta lite frame. The products will be showcased at the International Builders' Show in Las Vegas.
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Fortune Brands Innovations, Inc. will showcase Therma-Tru, Larson, Fiberon, Fypon, and Solar Innovations together for the first time at the International Builders’ Show. The brands offer over 200 years of combined material science expertise and product innovation, providing a diverse range of durable, trusted products for building professionals and homeowners. The exhibition aims to showcase product compatibility and innovation across all the brands, offering a cohesive outer home experience.
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Fortune Brands Innovations, Inc. (FBIN) reported Q4 2023 sales of $1.2 billion, an increase of 3% over Q4 2022, but with a decrease in organic sales. Earnings per share decreased by 35% to $0.64. Full-year 2023 sales were $4.6 billion, a decrease of 2% over 2022. The company announced a new $650 million share repurchase authorization and provided 2024 guidance prioritizing above-market sales performance, margin expansion, and continued cash generation.
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Fortune Brands Innovations, Inc. (NYSE: FBIN) will release Q4 and full-year 2023 financial results on January 30, 2024. The conference call will be hosted by CEO Nicholas Fink, CFO David Barry, and VP Leigh Avsec. A live webcast and recorded replay will be available on the Fortune Brands website.
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Moen introduces Flo Smart Water Monitor and Shutoff, leveraging AI to protect homes from water damage. The device can reduce over 90% of annual household water waste and has detected over two million potential home water leaks. Ticker symbol: MOEN
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Fortune Brands Innovations, Inc.

NYSE:FBIN

FBIN Rankings

FBIN Stock Data

9.19B
124.64M
0.46%
91.21%
1.8%
Nonupholstered Wood Household Furniture Manufacturing
Manufacturing
Link
United States of America
DEERFIELD

About FBIN

fortune brands home & security, inc. (nyse: fbhs), headquartered in deerfield, ill., creates products and services that help fulfill the dreams of homeowners and help people feel more secure. the company's trusted brands include master lock and sentry safe security products, masterbrand cabinets, moen and therma-tru entry door systems. fortune brands holds market leadership positions in all of its segments. fortune brands is part of the s&p midcap 400 index. for more information, please visit www.fbhs.com.