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.
Fortune Brands Innovations reports developments across its home, security and digital products portfolio, including Water Innovations, Outdoors and Security segment performance. Company news commonly covers quarterly results, guidance, dividends, operating priorities and product activity tied to brands such as Moen, House of Rohl, Aqualisa, Therma-Tru, Larson, Fiberon, Master Lock, SentrySafe and Yale residential.
Recurring updates also include new building-products introductions, channel and brand initiatives, governance changes and leadership transitions. The company’s disclosures connect demand trends in residential and commercial environments with product categories such as faucets, luxury hardware, sinks, door systems, decking, locks, safes and connected security products.
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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.