Fortune Brands Innovations Inc - FBIN STOCK NEWS

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%.

Frontdoor (NASDAQ: FTDR) has expanded its partnership with Moen to six additional states for the installation of Moen® Flo Smart Water Monitor and Shutoff devices. The expansion, which began January 31, adds Connecticut, Illinois, Kansas, Michigan, New Jersey, and Tennessee to the existing eight-state coverage, bringing the total to 14 states.

The Moen device uses AI technology to monitor water pressure and flow rates, detecting leaks as small as one drop per minute. It has demonstrated effectiveness in reducing 96% of non-weather water insurance claims. The system can automatically shut off water supply when detecting issues and allows users to monitor water usage through a smartphone app.

As part of the agreement, customers who purchase Flo through specific insurance provider marketing programs will receive a free one-year Frontdoor Unlimited membership alongside installation services.

Fortune Brands Innovations (NYSE: FBIN) has been named to The Wall Street Journal's Top 250 Best-Managed Companies List of 2024, highlighting its success in digital innovation and brand management. The recognition evaluates corporate effectiveness across five key areas: customer satisfaction, employee engagement and development, innovation, social responsibility, and financial strength.

The ranking process analyzed 35 data inputs, including a new 'digital positioning score' that assesses companies' online presence across search, website traffic, social media, and apps. Over 800 companies were evaluated for this prestigious recognition, awarded in partnership with The Drucker Institute at Claremont Graduate University.

CEO Nicholas Fink emphasized the company's growing digital prominence, highlighting key products such as the Moen Flo Smart Water Monitor, Master Lock connected lockout tagout, SentrySafe fireproof safes, Yale digital smart locks, and energy-efficient Therma-Tru doors. These innovations align with the company's purpose of elevating lives through space transformation, resource conservation, and security enhancement.

Fortune Brands Innovations (NYSE: FBIN) announced major organizational changes, including the consolidation of its U.S. offices into a state-of-the-art headquarters in Deerfield, Illinois. The new campus will have capacity for over 1,000 professional associates by 2027 and is supported by Illinois state tax credits through the EDGE program.

The company is simplifying its executive leadership structure by eliminating the Group President role, with business leaders now reporting directly to CEO Nicholas Fink. David Barry, current CFO, has been appointed as President of Security and Connected Products, while maintaining his CFO duties until a successor is found. Cheri Phyfer, current Group President, will serve in an advisory role until July 1, 2025, before departing.

The reorganization aims to accelerate growth, enhance innovation, and improve organizational efficiency. The company's digital office in San Francisco and other U.S. facilities will continue operations as usual.

Fortune Brands Innovations (NYSE: FBIN) has announced it will release its fourth quarter and full-year 2024 financial results after market close on Thursday, February 6, 2025. The company will host a conference call at 5:00 p.m. ET, featuring CEO Nicholas Fink, CFO David Barry, and VP of Investor Relations Leigh Avsec.

The conference call will be accessible via live internet audio webcast on the Fortune Brands website. Listeners are advised to log on 10 minutes before the call begins. A recorded replay will be available on the company's website after the call.

Fortune Brands Innovations is a brand, innovation, and channel leader in home products, security, and commercial building markets. Their portfolio includes notable brands such as Moen, House of Rohl, Aqualisa, SpringWell, Therma-Tru, Larson, Fiberon, Master Lock, SentrySafe, and Yale residential.

Fortune Brands Innovations (NYSE: FBIN) has announced a quarterly cash dividend increase from $0.24 to $0.25 per common share. The dividend will be payable on March 12, 2025, to stockholders of record as of February 21, 2025. This increase reflects the Board's confidence in the company's long-term cash flow potential and supports their strategy of utilizing free cash flow to build shareholder value through business investments, accretive acquisitions, and cash returns to shareholders.

Fortune Brands is an innovation company focused on home products, security, and commercial building markets, with a portfolio including brands such as Moen, House of Rohl, Aqualisa, SpringWell, Therma-Tru, Larson, Fiberon, Master Lock, SentrySafe, and Yale residential.