Fortune Brands Innovations, Inc
49.74-1.49 (-2.91%)
Oct 29, 4:00:02 PM EDT · NYSE · FBIN · USD
Key Stats
Market Cap
5.97BP/E (TTM)
15.69Basic EPS (TTM)
3.17Dividend Yield
0.02%Recent Filings
8-K
Q2 sales dip, guidance steady
Fortune Brands Innovations reported Q2 2025 net sales of $1.2 billion, down 3% from last year, yet outperformed a softening end market through strong execution in Water and Outdoors segments. Adjusted EPS fell 14% to $1.00 amid restructuring charges, but the company updated full-year guidance to flat sales and $3.75-$3.95 adjusted EPS, confident in offsetting tariff impacts. Momentum builds in core brands. Tariffs pose ongoing risks.
10-Q
Q2 FY2025 results
Fortune Brands Innovations posted Q2 net sales of $1.2B, down 3.0% y/y but up from Q1's steeper drop, with Water holding steady while Outdoors and Security slipped on volume. Operating income fell 13.8% y/y to $172M amid $14M restructuring charges for office consolidation and headcount cuts, yet gross margins expanded 2.0 points (derived) from pricing gains and efficiencies offsetting inflation. Diluted EPS of $0.83 reconciles cleanly to 120.7M shares, down from $1.06 y/y, as taxes climbed to 32.1%. Cash dipped to $235M after $66M operating flow minus $60M capex, but $1.25B revolver sits fully available despite $2.8B debt including $637M commercial paper; SpringWell acquisition added $85M goodwill last year. Restructuring masks resilience. Tariffs loom as a wildcard.
8-K
Leadership roles expanded
Fortune Brands Innovations appointed John D. Lee as Executive Vice President, Chief Digital and Innovation Officer on July 17, 2025, to lead product development alongside digital technology and analytics teams. Anuja Perkins expanded her role to Executive Vice President and Chief Growth and Transformation Officer, taking on corporate strategy and M&A. These shifts connect digital strategy with innovation, accelerating growth. Leadership realigns for speed.
8-K
Annual meeting elects directors
Fortune Brands Innovations held its annual stockholder meeting on May 14, 2025, electing Amit Banati, Irial Finan, and Susan Kilsby as Class II directors for three-year terms, with Banati receiving strong support while Finan and Kilsby faced more opposition. Stockholders ratified PricewaterhouseCoopers as auditors for 2025 and approved executive compensation on an advisory basis. A proposal to eliminate supermajority voting gained majority backing but failed due to the high threshold. Board continuity holds firm.
8-K
Board elects McCormick CEO Foley
Fortune Brands Innovations expanded its board from nine to ten directors, electing Brendan Foley as a Class III member effective July 1, 2025, for a term until the 2026 annual meeting. Foley, current Chairman, President, and CEO of McCormick & Company, brings deep expertise in consumer packaged goods, global supply chain management, and strategic growth from roles at McCormick, Heinz, and General Mills. This addition bolsters board refreshment efforts. His operational leadership will sharpen innovation amid dynamic markets.
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