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.
Therma-Tru has launched the Veris collection, enhancing its product line with stylish and functional glass doors. This collection features an array of designs including folding, sliding, hinged, and pivot doors that allow abundant natural light and seamless indoor-outdoor transitions. The Veris hinged doors are available in single and French configurations, while the pivot doors offer expansive sizes up to 5'0" wide by 10'0" tall. The folding and sliding doors are designed for convenience and expansive views. Therma-Tru, founded in 1962, specializes in entry and patio door solutions and is part of Fortune Brands Innovations (FBIN).
Therma-Tru and Fypon are set to showcase their innovative products and programs at the 2023 International Builders’ Show (IBS) from January 31 to February 2, at the Las Vegas Convention Center, booth #C5236. Additionally, they will offer a Virtual Experience starting February 14, 2023, featuring new product information aligned with current design trends. The companies aim to meet consumer demands for functionality and aesthetics. Notably, they are launching the Keys 2 Success national sweepstakes for trade professionals, running from February 14 to April 30, 2023, to enhance product knowledge and familiarity with market trends.
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Moen has unveiled its innovative Smart Sprinkler Controller and Smart Wireless Soil Sensors, part of its Smart Water Network, at CES 2023. This dual product aims to optimize home irrigation, reducing water usage by up to 30% or approximately 15,000 gallons annually. The controller allows for customized watering schedules and seasonal adjustments through a smartphone app. Installation is straightforward, taking under 30 minutes. These products enhance Moen's connectivity with other smart devices, providing users with comprehensive water management.
Moen has expanded its Smart Water Network to include outdoor irrigation with the introduction of the Smart Sprinkler Controller and Wireless Soil Sensors. This innovation allows homeowners to control water usage in their yards, potentially reducing irrigation water use by up to 30%, saving approximately 15,000 gallons annually. The system enhances water conservation and security through real-time monitoring and alerts. Moen’s connected products provide greater insights into water usage, enabling personalized control and integration with existing smart home platforms.
Fortune Brands Innovations, Inc. (FBIN) has completed the spin-off of its Cabinets business, MasterBrand, Inc., establishing two independent publicly traded companies. Effective December 15, 2022, FBIN will trade under its new ticker symbol on the NYSE. This strategic move is expected to create growth opportunities for both companies. Each shareholder received one share of MasterBrand for every share of Fortune Brands owned as of the record date. The spin-off supports the company's focus on high-growth categories, including water management and connected products.
Fortune Brands Home & Security (NYSE: FBHS) has declared a quarterly cash dividend of $0.23 per share for its subsidiary, Fortune Brands Innovations (NYSE: FBIN). This dividend is payable on March 15, 2023, for stockholders of record as of February 24, 2023. The company is rebranding as Fortune Brands Innovations, effective December 15, 2022, reflecting its focus on growth through innovation and brand development. This marks the first dividend under the new name, demonstrating commitment to shareholder value.