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 (FBIN) news coverage tracks developments from one of North America's major building products manufacturers. The company's portfolio spans plumbing fixtures, entry door systems, outdoor living products, and security devices sold under brands including Moen, Therma-Tru, Master Lock, and Fiberon.
News from Fortune Brands Innovations typically reflects the company's position at the intersection of housing markets and consumer spending. Earnings announcements reveal how residential construction activity and remodeling demand affect the building products sector. Product launches and brand initiatives demonstrate competitive positioning in categories where innovation and brand recognition drive purchasing decisions.
The company's diverse brand portfolio generates news across multiple home improvement categories. Developments at Moen may involve plumbing technology or water management innovations. Therma-Tru and Larson news often relates to building code changes or energy efficiency trends. Master Lock and Sentry Safe announcements address security market dynamics and product development. Fiberon coverage connects to outdoor living trends and sustainable building materials.
Dividend announcements, capital allocation decisions, and strategic updates provide insight into management's priorities for this S&P MidCap 400 constituent. News about distribution partnerships, retail channel developments, and builder relationships illustrates how the company reaches professional and consumer markets.
Bookmark this page to follow Fortune Brands Innovations news as the company navigates housing market cycles and competes across its building products categories.
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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