Welcome to our dedicated page for Fortune Brands Innovations news (Ticker: FBIN), a resource for investors and traders seeking the latest updates and insights on Fortune Brands Innovations stock.
News about Fortune Brands Innovations, Inc. (NYSE: FBIN) centers on its role as a home, security and digital products company and on developments across its brands and segments. Company announcements frequently describe how Fortune Brands seeks to transform residential and commercial spaces into havens, with products that add luxury, contribute to safety and enhance sustainability.
Investors and observers following FBIN news will see regular earnings releases and guidance updates. Recent communications have included quarterly results, segment performance for Water Innovations, Outdoors and Security, and full-year guidance ranges for net sales, operating margins and earnings per share before charges and gains. These releases often discuss market assumptions and the company’s views on its end markets.
News items also highlight brand and product developments within the Fortune Brands portfolio. Examples include Larson’s launch of a redesigned website aimed at homeowners and DIY enthusiasts, as well as recognition of Larson as a vendor of the year in millwork at a major home improvement retailer. Other stories describe Master Lock and SentrySafe initiatives, such as partnerships to distribute fireproof safes in high-risk fire zones.
Corporate updates appear in the news flow as well. Fortune Brands has reported on the opening of its new campus headquarters in Deerfield, Illinois, the addition of hundreds of associates, and leadership role changes focused on digital, innovation, growth and transformation. Dividend declarations and capital allocation commentary are also communicated through press releases.
By following FBIN news, readers can track how Fortune Brands Innovations reports its financial performance, describes its strategic priorities, and communicates developments across its home, security and digital product brands.
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Fortune Brands Innovations (NYSE: FBIN) reported Q1 2023 sales of $1.0 billion, down 9% year-over-year. Q1 earnings per share (EPS) were $0.67, a 29% decrease compared to Q1 2022. Adjusted EPS, before charges and gains, was $0.69, down 24%. Operating income fell to $131.8 million, a 27% drop from the previous year, with an operating margin of 12.7% compared to 15.8% in Q1 2022. Notably, sales in the Water Innovations and Outdoors segments decreased by 8% and 16%, respectively, while the Security segment saw a 2% increase. The company anticipates a full-year EPS before charges/gains adjustment to $3.65 to $3.85, despite forecasting a 6.5% to 8.5% decline in the global housing market.
Fortune Brands Innovations, Inc. (NYSE: FBIN) is set to announce its first quarter 2023 financial results after market close on April 26, 2023. The announcement will be followed by a conference call at 5:00 p.m. ET, hosted by CEO Nicholas Fink, CFO David Barry, and VP of Investor Relations Leigh Avsec. Investors and analysts can access the live audio webcast on the Fortune Brands website. The company, headquartered in Deerfield, Ill., is recognized for its diverse portfolio in home products, security, and commercial building sectors, featuring brands such as Moen, House of Rohl, and Master Lock. For more details on the company’s ESG efforts and its brand portfolio, visit www.FBIN.com.