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 Inc (NYSE: FBIN) delivers essential home and security solutions through industry-leading brands like Moen, Master Lock, and Yale. This news hub provides investors and industry professionals with timely updates across all corporate divisions.
Access official press releases and curated analysis covering product innovations, strategic partnerships, and financial performance. Our repository includes updates from FBIN's three core segments: water systems (plumbing fixtures), outdoor living (entry doors/decking), and security technologies (locks/smart home devices).
Key updates include quarterly earnings reports, leadership announcements, sustainability initiatives, and market expansion developments. All content is verified through primary sources to ensure compliance with financial disclosure standards.
Bookmark this page for streamlined access to FBIN's latest operational milestones, maintaining awareness of critical developments in the competitive home improvement sector.
Fortune Brands Innovations (FBIN) has acquired a minority stake in Value Hybrid Global and entered a strategic partnership to develop connected lockout tagout (cLOTO) solutions, aimed at enhancing workplace safety and compliance. This collaboration will expedite Master Lock's ability to market new, innovative cLOTO products, leveraging its established brand and expertise. Master Lock will have exclusive rights in North America and non-exclusive rights elsewhere to sell these solutions. The partnership aims to transform traditional mechanical LOTO systems into connected, digital solutions, addressing safety and compliance challenges globally.
Moen has announced a strategic initiative with Farmers Insurance to promote Flo Smart Water Monitor and Shutoff devices, aiming to reduce the frequency and cost of water damage claims.
The devices can lower water damage claims by up to 96% and reduce household water waste by up to 90%. This collaboration seeks to minimize the financial burden on insurance companies and homeowners due to water leaks, which cost insurers over $15 billion annually.
These smart devices monitor water pressure and flow rates, detecting leaks and sending alerts through the Moen Smart Water App. This initiative also supports water conservation efforts, important in areas with water scarcity.
Fortune Brands Innovations, Inc. (NYSE: FBIN) announced a quarterly cash dividend of $0.24 per common share, payable on June 12, 2024. The company is a leader in home products, security, and commercial building markets with a diverse brand portfolio.
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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