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 (NYSE: FBIN) reported Q1 2023 sales of $1.0 billion, down 9% year-over-year. Q1 earnings per share (EPS) were $0.67, a 29% decrease compared to Q1 2022. Adjusted EPS, before charges and gains, was $0.69, down 24%. Operating income fell to $131.8 million, a 27% drop from the previous year, with an operating margin of 12.7% compared to 15.8% in Q1 2022. Notably, sales in the Water Innovations and Outdoors segments decreased by 8% and 16%, respectively, while the Security segment saw a 2% increase. The company anticipates a full-year EPS before charges/gains adjustment to $3.65 to $3.85, despite forecasting a 6.5% to 8.5% decline in the global housing market.
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