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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.

Fortune Brands Innovations, Inc. (NYSE: FBIN), headquartered in Deerfield, Illinois, is a prominent company specializing in home and security products. The company is known for its diverse portfolio of market-leading brands that cater to various segments including water, outdoors, and security.

Core Segments:

  • Water Segment: With a revenue of $2.6 billion, this segment is spearheaded by the Moen brand. It includes a wide array of products such as faucets, showers, and other plumbing fixtures that consistently meet consumer demands for high-quality and innovative solutions.
  • Outdoors Segment: Generating $1.3 billion in revenue, this segment primarily markets entry doors under the Therma-Tru brand and patio decking through the Fiberon brand. These products are designed to enhance the aesthetic and functional appeal of homes.
  • Security Segment: This $723 million segment features top-tier brands like Master Lock, SentrySafe, Yale, and August. It offers a range of locks and security devices that are integral to home and personal safety.

Recent Achievements and Current Projects:

Fortune Brands Innovations recently expanded its House of Rohl® brand portfolio by acquiring Emtek® and Schaub, both leaders in specialized hardware for cabinets and doors. This acquisition aligns with the company's strategic vision to become a leader in luxury home décor. The New House of Rohl is also introducing new luxury plumbing collections that blend design, heritage, and quality craftsmanship, further solidifying its position in the market.

Additionally, the company unveiled multiple new collections at the KBIS event. For instance, the ROHL Modelle™ Collection is inspired by haute couture runways and offers a full bath suite in several exquisite finishes. The Victoria + Albert Seros™ Collection captures the fluid expression of water, enhancing the bathroom's serene and spa-like atmosphere.

In the kitchen segment, the ROHL Apothecary™ and Perrin & Rowe Southbank™ Collections offer unique designs inspired by historical elements, while the Riobel Lateral™ Collection brings a fresh minimalist aesthetic. Emtek's new product visualizer tool also highlights the company's commitment to customization and innovation.

Financial Condition and Partnerships:

Fortune Brands Innovations holds market leadership positions in all its segments. It is part of the S&P MidCap 400 Index, reflecting its strong financial health and stable market presence. The company's continuous investment in innovation, coupled with strategic acquisitions, ensures long-term growth and stability.

Products:

  • Faucets, showers, and plumbing fixtures (Moen)
  • Entry doors (Therma-Tru)
  • Patio decking (Fiberon)
  • Locks and security products (Master Lock, SentrySafe, Yale, August)
  • Luxury kitchen and bath collections (House of Rohl brands)

For more detailed information, please visit the company's official website at www.fbhs.com.

Rhea-AI Summary

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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Fortune Brands Innovations, Inc. (NYSE: FBIN) will release first quarter 2024 financial results on April 30, 2024. CEO Nicholas Fink and team will host a conference call to discuss the results.
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Fortune Brands Innovations, Inc. acquires SpringWell Water Filtration Systems to expand into the $4 billion U.S. residential water filtration market. The $105 million acquisition is expected to enhance FBIN's recurring revenue streams and digital marketing capabilities.
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House of Rohl announces the expansion of its brand portfolio at KBIS, introducing new luxury plumbing collections and welcoming Emtek and Schaub into its family. The new launches aim to blend richness, heritage, and design, reinforcing the brand's commitment to artistry and a well-crafted life.
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Fiberon announces new product lineup, including updated options for composite cladding, railing, and decking. The new products offer more customization opportunities for property owners, contractors, and homeowners. The company will showcase the new products at the International Builders' Show in Las Vegas.
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Therma-Tru has announced its new product lineup for 2024, including updated options for Smooth-Star Shaker-style doors, the innovative Advanta lite frame, and more. The press release details new options for Shaker-style entry doors, Advanta lite frame, and 8'0" Smooth-Star Doors and Sidelites with Elevated Bottom Rail. The company aims to provide innovative, beautiful options for today's homes, showcasing the clean style and increased daylight opening of full-lite EnLiten flush-glazed glass, new DDB and SDL styles, and the scrolled Advanta lite frame. The products will be showcased at the International Builders' Show in Las Vegas.
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Fortune Brands Innovations, Inc. will showcase Therma-Tru, Larson, Fiberon, Fypon, and Solar Innovations together for the first time at the International Builders’ Show. The brands offer over 200 years of combined material science expertise and product innovation, providing a diverse range of durable, trusted products for building professionals and homeowners. The exhibition aims to showcase product compatibility and innovation across all the brands, offering a cohesive outer home experience.
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Fortune Brands Innovations, Inc. (FBIN) reported Q4 2023 sales of $1.2 billion, an increase of 3% over Q4 2022, but with a decrease in organic sales. Earnings per share decreased by 35% to $0.64. Full-year 2023 sales were $4.6 billion, a decrease of 2% over 2022. The company announced a new $650 million share repurchase authorization and provided 2024 guidance prioritizing above-market sales performance, margin expansion, and continued cash generation.
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Fortune Brands Innovations, Inc. (NYSE: FBIN) will release Q4 and full-year 2023 financial results on January 30, 2024. The conference call will be hosted by CEO Nicholas Fink, CFO David Barry, and VP Leigh Avsec. A live webcast and recorded replay will be available on the Fortune Brands website.
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Moen introduces Flo Smart Water Monitor and Shutoff, leveraging AI to protect homes from water damage. The device can reduce over 90% of annual household water waste and has detected over two million potential home water leaks. Ticker symbol: MOEN
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FAQ

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

The current stock price of Fortune Brands Innovations (FBIN) is $68.23 as of January 3, 2025.

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

The market cap of Fortune Brands Innovations (FBIN) is approximately 8.4B.

What is Fortune Brands Innovations, Inc.?

Fortune Brands Innovations, Inc. (NYSE: FBIN) is a leading company specializing in home and security products, headquartered in Deerfield, Illinois.

What segments does Fortune Brands Innovations operate in?

The company operates in three main segments: Water, Outdoors, and Security.

What brands does Fortune Brands Innovations own?

The company owns several trusted brands including Moen, Therma-Tru, Fiberon, Master Lock, SentrySafe, Yale, and August.

What recent acquisitions has Fortune Brands Innovations made?

The company recently acquired Emtek® and Schaub, expanding its House of Rohl® brand portfolio.

What are the latest product offerings from Fortune Brands Innovations?

The latest offerings include new luxury plumbing collections from House of Rohl, such as the ROHL Modelle™ Collection and the Victoria + Albert Seros™ Collection.

How is Fortune Brands Innovations performing financially?

Fortune Brands Innovations is part of the S&P MidCap 400 Index and holds market leadership positions in all its segments, indicating strong financial health.

Where can I find more information about Fortune Brands Innovations?

You can visit the company's official website at www.fbhs.com for more detailed information.

What is the focus of the House of Rohl brand?

House of Rohl focuses on luxury kitchen and bath products, emphasizing quality, design, and craftsmanship.

What are some of the key products in the security segment?

Key products in the security segment include locks and security devices under the Master Lock, SentrySafe, Yale, and August brands.

What makes Fortune Brands Innovations unique in the market?

Fortune Brands Innovations is unique due to its diverse portfolio of market-leading brands, continuous innovation, and strategic acquisitions that enhance its leadership in home and security products.
Fortune Brands Innovations, Inc.

NYSE:FBIN

FBIN Rankings

FBIN Stock Data

8.44B
123.59M
0.47%
93.51%
2.3%
Building Products & Equipment
Millwood, Veneer, Plywood, & Structural Wood Members
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United States of America
DEERFIELD