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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) has been recognized on Newsweek's list of America's Most Responsible Companies 2024 for the fifth consecutive year. The company's commitment to operating responsibly and its positive environmental and social impacts through its product portfolio have led to this recognition. Fortune Brands ranked in the top quartile of the Consumer Goods category and in the top 20 percent of ranked companies overall.
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Fortune Brands Innovations, Inc. (NYSE: FBIN) declared a quarterly cash dividend of $0.24 per common share, payable on March 13, 2024. The increase from $0.23 to $0.24 reflects the Board's confidence in the Company's long-term cash flow potential and its strategy for building shareholder value.
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Fortune Brands Innovations, Inc. has appointed Kristin Papesh as Executive Vice President and Chief Human Resources Officer. Sheri Grissom, the current Chief Human Resources and Transformation Officer, will transition to become the Chief Transformation Officer. This move aims to support the company's strategic growth initiatives and continue building a strong, attractive culture and workplace.
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Fortune Brands Innovations, Inc. announces Q3 2023 results with $1.3 billion in sales and $1.07 EPS. Company raises full-year 2023 non-GAAP EPS guidance. Recently acquired brands performing well.
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Americans' quirky showering habits revealed in new survey by Moen.
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Fortune Brands Innovations, Inc. will release Q3 2023 financial results on October 25, 2023. Conference call to discuss results will be held at 5:00 p.m. ET. Webcast available on company's website.
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Fortune Brands Innovations, Inc. declares quarterly cash dividend of $0.23 per common share.
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SentrySafe and Master Lock launch the new Next Generation Fire Safe, offering enhanced secure storage with fire and water protection. The safe has a storage capacity of .81 cubic feet and weight of roughly 55 pounds. It comes in nine different models with features such as adjustable shelving, internal lighting, and key hooks. The safe offers top-rated fire protection with 1-hour UL-certified fire resistance at 1700 degrees Fahrenheit and water protection in up to 5 inches of water for up to 24 hours. It includes advanced security features, lithium-ion batteries with a 5+ year life, and a bolt-down kit. The Next Generation Fire Safe is now available for purchase online and at retailers nationwide.
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Fiberon partners with Swatchbox to enhance specification efficiency for architects and designers. Fiberon's decking, railing, and cladding solutions will be available on Swatchbox Pro, a digital platform for professionals to research materials and request samples. Samples ship with next-day or second-day shipping to accommodate tight deadlines. The service is free for verified building professionals.
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Fortune Brands Innovations, Inc. (FBIN) declares a quarterly cash dividend of $0.23 per common share, payable on September 13, 2023, to stockholders of record as of August 25, 2023.
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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%
93.63%
2.03%
Building Products & Equipment
Millwood, Veneer, Plywood, & Structural Wood Members
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United States of America
DEERFIELD