Fortune Brands Innovations Inc Stock Price, News & Analysis

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.

Master Lock has launched its most advanced premium fireproof safe line, responding to increasing wildfire incidents across the US. The new safes feature 2-hour fire protection, withstanding temperatures up to 1850°F and are UL Classified. In 2024, there were 64,897 wildfires reported, up from 56,580 in 2023.

The safes offer ETL Verified water protection, resisting 5-inches of standing water for 24 hours. Security features include pry-resistant hinge bars and dual key systems. Four models are available: STW082GTC, STW123DUB, STW205GYC, and STW123GTC, each with varying features like digital codes, organizational compartments, and multiple locking bolts.

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.

Moen has unveiled its new Hot Water Savings Handheld showerhead on World Water Day 2025, designed to reduce shower water usage by over one-third when activated. The innovative device can save up to 5,500 gallons annually while maintaining shower comfort.

The showerhead features a CONSERVE button that, when activated, automatically reduces water flow to a trickle once the temperature reaches 95°F. The system maintains the warm temperature until users are ready to shower. The device meets EPA WaterSense® criteria and includes five high-performance spray settings.

Additional features include Magnetix™ technology for secure docking and release, plus a dock made from recycled ocean plastic. The product aims to address the common issue of wasting water while waiting for the shower to warm up, combining sustainability with luxury in daily shower routines.

Fortune Brands Innovations (NYSE: FBIN) has appointed Matthew Novak as executive vice president and chief supply chain officer. Novak, who joined FBIN in 2020, will oversee global operations, including strategic sourcing, manufacturing efficiency, distribution, planning, logistics, and health and safety.

With over 25 years of experience in supply chain excellence, Novak previously served as vice president of global logistics and customer service at Fortune Brands. He also worked at General Electric Lighting for 16 years and is a U.S. Army veteran with a BS in Civil Engineering from West Point.

Ron Wilson, the former chief supply chain officer, will continue in an advisory role until his retirement in April. The appointment is part of the Company's planned succession process.

Therma-Tru, a subsidiary of FBIN, will showcase its latest innovations at the International Builders' Show in Las Vegas from February 25-27. The company will display its advanced entry and patio doors, featuring the Veris Collection with new Satin privacy glass options and walnut infill panels.

The company's complete door system represents over 60 years of expertise in material science and engineering. Notable features include:

• ENERGY STAR compliance across all 50 states
• 99.8% NFRC-certified products
• Comprehensive warranty coverage
• High-end aluminum door systems with lifetime warranty

The exhibition at Booth #C3830 will also feature sister brands including Larson, Fiberon, Fypon, and Solar Innovations, showcasing over 200 combined years of material science expertise in outer home products.

Therma-Tru, Larson, Fiberon, Fypon and Solar Innovations will showcase their products together at Booth #C3830 during the 2025 International Builders' Show. The unified display represents over 200 years of combined expertise in outdoor home products.

The booth features three entry points and includes vignettes demonstrating full product solutions, along with detailed presentations of individual brands, supported by digital content and tools. According to David Youn, President of Outdoors at FBIN, the collaborative display aims to provide an immersive experience for building professionals and homeowners, allowing them to explore product compatibility and innovations across their entire range.

Fiberon announces its participation at the International Builders' Show, showcasing key products at Booth #C3830. The company will highlight three main products: Wildwood composite cladding, a sustainable alternative to traditional wood that offers cost savings and durability; the CitySide railing system, featuring Contemporary and Traditional top rail profiles with customization options; and the Concordia PE Composite Decking Astir Collection, which combines rustic cathedral grain with nature-inspired multi-tonal hues.

President David Youn emphasizes the company's focus on stylish, sustainable products meeting modern homeowner and builder needs. The booth will also feature sister brands including Therma-Tru, Larson, Fypon, and Solar Innovations. Fiberon maintains sustainable production facilities in North Carolina and Idaho, reusing 98.5% of manufacturing waste and offering products backed by a 25-year stain and fade warranty.

Fortune Brands (NYSE: FBIN) reported Q4 2024 sales of $1.1 billion, down 5% from Q4 2023, with organic sales excluding China and one-time disruptions down 1%. Q4 EPS increased 31% to $0.84, while EPS before charges/gains rose 3% to $0.98.

Full-year 2024 sales remained flat at $4.6 billion, with organic sales excluding China and disruptions down 2%. Full-year EPS grew 18% to $3.75, and EPS before charges/gains increased 5% to $4.12.

The company announced a new $1 billion share repurchase authorization, replacing the existing authorization with $409 million remaining. The company generated $668 million in operating cash flow and $475 million in free cash flow for 2024, with a cash conversion ratio over 100%.