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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.
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.