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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. announces Q2 2023 results and increased full-year guidance. Q2 sales decreased by 7% compared to the previous year. Earnings per share (EPS) decreased by 27% compared to a year ago. However, the company's full-year guidance has been adjusted upward due to recent acquisition, operational outperformance, and strong market conditions. The recent acquisition will increase the company's scale in connected products and expand offerings in the luxury home products market. The company generated strong operating and free cash flow in the quarter.
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Fortune Brands Innovations, Inc. has completed the acquisition of Emtek and Schaub premium and luxury door and cabinet hardware business, as well as the U.S. and Canadian Yale and August residential smart locks business. The acquisition will increase Fortune Brands' scale in connected products and expand its offering in the luxury home products market. The purchase price was $800 million, with a net purchase price of $700 million. The Acquisition is expected to generate net sales of $190 million to $210 million and earnings per share of $0.02 to $0.04 for the second half of 2023.
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Fortune Brands Innovations (NYSE: FBIN) reported Q1 2023 sales of $1.0 billion, down 9% year-over-year. Q1 earnings per share (EPS) were $0.67, a 29% decrease compared to Q1 2022. Adjusted EPS, before charges and gains, was $0.69, down 24%. Operating income fell to $131.8 million, a 27% drop from the previous year, with an operating margin of 12.7% compared to 15.8% in Q1 2022. Notably, sales in the Water Innovations and Outdoors segments decreased by 8% and 16%, respectively, while the Security segment saw a 2% increase. The company anticipates a full-year EPS before charges/gains adjustment to $3.65 to $3.85, despite forecasting a 6.5% to 8.5% decline in the global housing market.

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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 $68.33 as of January 1, 2025.

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

The market cap of Fortune Brands Innovations (FBIN) is approximately 8.5B.

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

8.49B
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