STOCK TITAN

Fortune Brands Innovations Inc - FBIN STOCK NEWS

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.

About Fortune Brands Innovations Inc. (FBIN)

Fortune Brands Innovations Inc. (NYSE: FBIN) is a prominent player in the home and security products industry, delivering innovative, high-quality solutions that enhance the lives of homeowners and businesses. Headquartered in Deerfield, Illinois, the company operates through three primary segments: Water Innovations, Outdoors & Security, and Security Products. Each segment is supported by a portfolio of trusted brands that have become household names, including Moen, Master Lock, SentrySafe, Therma-Tru, and Fiberon.

Core Business Segments

  • Water Innovations: This segment is anchored by the Moen brand, a leader in plumbing fixtures, faucets, showers, and water management solutions. The products in this category are designed to combine functionality with style, catering to both residential and commercial markets.
  • Outdoors & Security: The outdoors segment focuses on home exteriors, offering entry doors under the Therma-Tru brand and patio decking solutions through Fiberon. These products are engineered to provide durability, aesthetic appeal, and energy efficiency, meeting the needs of modern homeowners.
  • Security Products: The security segment includes locks, safes, and other security solutions under brands like Master Lock, SentrySafe, Yale, and August. These products are designed to enhance personal and home security, blending advanced technology with user-friendly designs.

Market Position and Competitive Landscape

Fortune Brands Innovations holds market leadership positions across its segments, a testament to its commitment to quality, innovation, and customer satisfaction. The company operates in a competitive landscape, facing rivals in the home improvement, security, and building materials industries. However, its focus on trusted brands, innovative product development, and customer-centric solutions allows it to maintain a strong foothold in its markets.

Business Model and Revenue Streams

FBIN generates revenue through the direct sale of its products via retail channels, distributors, and e-commerce platforms. Its diversified portfolio and segmentation strategy help mitigate risks and capitalize on growth opportunities in various market segments. By addressing a broad spectrum of consumer needs—from water and energy efficiency to security and outdoor living—the company ensures a steady demand for its offerings.

Innovation and Industry Impact

Fortune Brands Innovations is committed to staying at the forefront of industry trends by integrating technological advancements into its products. For example, smart security devices and water management systems demonstrate the company’s ability to adapt to evolving consumer preferences. This focus on innovation not only strengthens its market position but also enhances its reputation as a trusted provider of home and security solutions.

Conclusion

Fortune Brands Innovations Inc. is a key player in the home and security products industry, known for its trusted brands, diversified product offerings, and commitment to innovation. By addressing the evolving needs of homeowners and businesses, the company continues to solidify its position as a reliable and forward-thinking provider of high-quality solutions.

Rhea-AI Summary

Fortune Brands Innovations (NYSE: FBIN) has been named to Newsweek's America's Most Responsible Companies 2025 list for the sixth consecutive year. The recognition, announced on December 4, 2024, is based on a comprehensive evaluation of Environmental, Social, and Corporate Governance (ESG) factors.

The company's innovative products demonstrate their commitment to responsibility, including the Master Lock cLOTO solution for workplace safety, Moen Flo Smart Water Monitor and Shutoff for water conservation, and Therma-Tru's energy-efficient fiberglass doors. The ranking, conducted in collaboration with Statista, considers over 30 KPIs across ESG pillars and includes survey results from U.S. residents.

Fortune Brands' portfolio includes prominent brands such as Moen, House of Rohl, Therma-Tru, Master Lock, and Yale residential, focusing on home products, security, and commercial building markets.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.52%
Tags
none
-
Rhea-AI Summary

Fortune Brands reported third quarter 2024 results, with sales at $1.2 billion, down by 8% compared to Q3 2023. Organic sales excluding China fell by 5%. Earnings per share (EPS) rose by 2% to $1.09, with EPS before charges/gains at $1.16, down 3% from last year. The company updated its full-year 2024 guidance to reflect market conditions and hurricane impacts. Net debt stands at $2.4 billion, with $345 million in cash and $1,145 million available under its revolving credit facility. Operating cash flow was $205 million, with $176 million in free cash flow. Fortune Brands repurchased $35 million of shares this quarter, totaling $190 million year-to-date. Updated guidance includes flat to 1% net sales growth, EPS between $4.17 and $4.23, and around $650 million in cash flow from operations.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.12%
Tags
none
-
Rhea-AI Summary

Frontdoor (NASDAQ: FTDR) has expanded its exclusive agreement with Moen to install Moen Flo Smart Water Monitor and Shutoff devices in seven additional states: Arizona, Utah, Idaho, Oregon, Texas, Georgia and South Carolina, effective November 1. This expansion follows an earlier agreement for California installations. The Moen Flo device monitors water usage, detects leaks, and automatically shuts off water when catastrophic leaks are identified. The device can help reduce water damage claim frequency by up to 96%. As part of the agreement, Moen Flo customers will receive a free one-year Frontdoor Unlimited membership, providing access to video consultations with plumbing experts and in-person service scheduling.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.83%
Tags
none
Rhea-AI Summary

Frontdoor (NASDAQ: FTDR) has expanded its agreement with Moen to install the Moen Flo Smart Water Monitor and Shutoff valve in seven additional states: Arizona, Utah, Idaho, Oregon, Texas, Georgia and South Carolina, effective November 1. This expansion follows an earlier agreement for installations in California.

The Moen Flo device monitors water usage, detects leaks, and automatically shuts off water when catastrophic leaks are identified. The system can help reduce water damage claim frequency by up to 96%. As part of the agreement, customers will receive a free one-year Frontdoor Unlimited membership, providing access to video consultations with plumbing experts and in-person service scheduling through Frontdoor's contractor network.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.83%
Tags
none
-
Rhea-AI Summary

Larson, a leading storm door manufacturer, has announced the launch of two innovative products: the Lifestyle 2.0 Midview Screen Away and the enhanced Life-Core Composite Surface Single-Vent storm doors. Set to be available this fall, these products offer homeowners improved protection, style, and ease of installation.

The Lifestyle 2.0 Midview Screen Away features superior weather protection, modern styling, Screen Away technology, and enhanced comfort and security. The Life-Core Composite Surface Single-Vent boasts weather-resistant durability, user-friendly ventilation, and stylish comfort.

Both products come with Larson's enhanced installation experience, including easy-to-follow instructions and live customer support. David Youn, President of Larson Doors, emphasized the company's commitment to innovation and customer-focused design. The new storm doors will be available through authorized Larson dealers starting in October.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.16%
Tags
none
-
Rhea-AI Summary

Fortune Brands Innovations, Inc. (NYSE: FBIN) has announced the date for its third quarter 2024 earnings release and investor conference call. The company will release its financial results after the market close on Wednesday, November 6, 2024. At 5:00 p.m. ET, CEO Nicholas Fink, CFO David Barry, and VP of Investor Relations Leigh Avsec will host a conference call to discuss the results.

Investors can access a live internet audio webcast of the call on the Fortune Brands website at https://ir.fbin.com/upcoming-events. It is recommended to log on at least 10 minutes before the call starts. A recorded replay will be available on the company's website shortly after the call ends.

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

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.19%
Tags
conferences earnings
Rhea-AI Summary

Moen, the leading faucet brand in North America, has renewed its exclusive partnership with Meritage Homes, the fifth-largest public homebuilder in the U.S. The multi-year agreement solidifies Moen as Meritage's exclusive supplier of faucets and bath accessories. This collaboration, spanning over two decades, aims to deliver exceptional plumbing solutions within quality, energy-efficient homes.

Moen will provide a tailored selection of kitchen and bath faucets, showerheads, and accessories, focusing on innovative designs that prioritize sustainability and functionality. Notably, Moen's bath faucets meet EPA WaterSense® criteria, contributing to reduced water usage and environmental impact. This partnership aligns with Meritage's mission to design and build sustainable homes, offering homebuyers both stylish designs and potential monthly water utility cost savings.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.05%
Tags
partnership
-
Rhea-AI Summary

Fortune Brands Innovations, Inc. (NYSE: FBIN) has announced a quarterly cash dividend of $0.24 per common share. The dividend will be payable on December 11, 2024, to stockholders of record as of the close of business on November 22, 2024. Fortune Brands is an industry-leading innovation company focused on creating smarter, safer, and more beautiful homes and improving lives. The company's portfolio includes well-known brands such as Moen, House of Rohl, Aqualisa, Emtek, Therma-Tru, Larson, Fiberon, Master Lock, SentrySafe, Yale residential, and August. These brands operate in exciting, supercharged categories within the home products, security, and commercial building markets.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.6%
Tags
dividends
-
Rhea-AI Summary

Fortune Brands Innovations (NYSE: FBIN) reported solid Q2 2024 results with sales of $1.2 billion, up 7% year-over-year. Earnings per share (EPS) increased 33% to $1.06, while EPS before charges/gains rose 8% to $1.16. The company's core U.S. products outperformed the market, and digital products saw acceleration.

Key financial highlights include:

  • Operating margin improved 300 basis points to 16.1%
  • Generated $262 million in operating cash flow
  • Repurchased $55 million of shares in Q2

Fortune Brands updated its full-year 2024 guidance, reflecting a revised macro-economic outlook while maintaining the mid-point of its EPS before charges/gains range. The company now expects total net sales growth of 2.5% to 4.5%, down from the previous 3.5% to 5.5% forecast.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.1%
Tags
none
Rhea-AI Summary

Fortune Brands Innovations, Inc. (NYSE: FBIN) has declared a quarterly cash dividend of $0.24 per common share. The dividend is payable on September 11, 2024, to stockholders of record as of the close of business on August 23, 2024. Fortune Brands is an industry-leading innovation company focused on creating smarter, safer, and more beautiful homes and improving lives. The company's portfolio includes well-known brands such as Moen, House of Rohl, Aqualisa, Emtek, Therma-Tru, Larson, Fiberon, Master Lock, SentrySafe, Yale residential, and August. These brands operate in exciting, supercharged categories within the home products, security, and commercial building markets.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.1%
Tags
dividends

FAQ

What is the current stock price of Fortune Brands Innovations (FBIN)?

The current stock price of Fortune Brands Innovations (FBIN) is $63.21 as of March 6, 2025.

What is the market cap of Fortune Brands Innovations (FBIN)?

The market cap of Fortune Brands Innovations (FBIN) is approximately 7.6B.

What does Fortune Brands Innovations Inc. do?

FBIN is a home and security products company offering plumbing fixtures, entry doors, security devices, and outdoor living solutions through trusted brands.

What are the main brands under Fortune Brands Innovations?

FBIN's key brands include Moen, Master Lock, SentrySafe, Therma-Tru, and Fiberon, covering water, security, and outdoor product categories.

How does Fortune Brands Innovations generate revenue?

FBIN generates revenue through the sale of its products via retail channels, distributors, and e-commerce, addressing residential and commercial markets.

What industries does Fortune Brands Innovations operate in?

FBIN operates in the home improvement, security products, and building materials industries, focusing on consumer and commercial markets.

What makes Fortune Brands Innovations distinctive in its industry?

FBIN stands out for its trusted brands, innovative product offerings, and strategic segmentation in water, outdoors, and security markets.

What are the key segments of Fortune Brands Innovations?

The company operates in three segments: Water Innovations, Outdoors & Security, and Security Products, each addressing specific consumer needs.

Who are the primary customers of Fortune Brands Innovations?

FBIN primarily serves homeowners, businesses, and commercial clients seeking high-quality, durable, and innovative home and security solutions.

What challenges does Fortune Brands Innovations face?

FBIN faces competition from other home and security product providers and must adapt to changing consumer preferences and technological advancements.
Fortune Brands Innovations Inc

NYSE:FBIN

FBIN Rankings

FBIN Stock Data

7.65B
121.30M
0.47%
93.75%
3.6%
Building Products & Equipment
Millwood, Veneer, Plywood, & Structural Wood Members
Link
United States
DEERFIELD