Fortune Brands Innovations, Inc. - FBIN STOCK NEWS

Fiberon has announced the issuance of an Environmental Product Declaration (EPD) for its Wildwood composite cladding, highlighting its commitment to sustainability. This third-party verified EPD details the environmental impacts throughout the product's lifecycle, from raw material extraction to disposal. Wildwood is compliant with various environmental standards and utilizes at least 94% recycled materials, preventing over one million trees from being cut down annually. The manufacturing process uses a closed-loop water system, conserving vast amounts of water. Fiberon's innovative approach ensures that Wildwood requires no chemical treatments, enhancing air quality and durability.

Therma-Tru, in partnership with LARSON, has won a Good Design Award for its Impressions integrated storm and entry door system from The Chicago Athenaeum Museum of Architecture and Design. This innovative system integrates the storm door flush into the brickmould portion of the frame, creating a seamless look and enhanced functionality. The door features an interchangeable screen and a revolutionary hidden closer with Click&Hold technology for smooth operation. Therma-Tru's recognition reinforces its commitment to design excellence and innovation in the home products sector.

Fortune Brands Innovations, Inc. (NYSE: FBIN) has elected Stephanie Pugliese as a Class III member of its Board of Directors, effective until the 2023 Annual Meeting of Stockholders. Pugliese brings extensive experience from her previous roles, notably as President of Americas at Under Armour from September 2019 to March 2023, and as President and CEO of Duluth Holdings. Her appointment underscores the Board’s commitment to diversity and aligns with the company’s focus on brand innovation and digital transformation.

Fortune Brands Innovations (FBIN) reported a 4% increase in full-year 2022 sales to $4.7 billion, despite a 2% decline in Q4 sales compared to the previous year, resulting in $1.1 billion for the quarter. Q4 earnings per share (EPS) were $0.85, down 34% due to reorganization expenses; however, EPS before charges rose 18% to $1.56. The company anticipates full-year 2023 sales to decrease by 5% to 7% and aims for EPS of $3.60 to $3.80. The CEO emphasized margin preservation and cash generation, aiming to navigate a challenging market environment.

Fiberon has launched the Fiberon Ascendant platform aimed at enhancing customer loyalty through tailored programs for trade professionals. This initiative includes the Fiberon Certified Installer Program, which offers tiered rewards and exclusive warranties, and the Accredited Dealer Program, providing educational tools and co-marketing resources. The Outdoor Education Center supports installers and dealers with product knowledge. This platform emphasizes Fiberon's commitment to customer engagement and aims to improve business quality for installers and dealers alike.

NORTH OLMSTED, Ohio, Feb. 9, 2023 /PRNewswire/ -- Moen has launched the Moen Designer Council to enhance product development and support kitchen and bath designers across the U.S. The council aims to engage a select group of professionals to guide Moen in addressing industry needs, emphasizing user-centric design. Key features include open discussions on design challenges, previews of upcoming products, and peer support. The council will meet virtually twice in 2023 and offer an all-expenses-paid visit to Moen’s headquarters. Applications are open until March 31, 2023, with notifications in early April.

House of Rohl, a subsidiary of Fortune Brands Innovations (NYSE: FBIN), has launched new luxury plumbing collections at KBIS 2023. The lineup includes trend-inspired bathroom designs and versatile kitchen fixtures aimed at enhancing home aesthetics. Key offerings feature the Victoria + Albert Color Stories, Lussari Collection, and innovative sinks like the Allia Fine Fireclay Workstation Sink. Group Product Manager Justin Storm emphasizes the importance of high design and functionality in meeting modern homeowners' needs. The collections reflect a commitment to craftsmanship and luxurious design across all home spaces.

Therma-Tru has unveiled its 2023 fiberglass and steel product lineup, including an innovative integrated storm and entry door system, new decorative glass designs, and expanded finish options. The Impressions integrated storm and entry door system features a flush design with an interchangeable screen for ventilation and comes in various colors. New decorative glass options – Calix, Latitude, and Echelon – enhance contemporary aesthetics. Additionally, new sizes and styles of Craftsman Shaker-style entry doors are introduced. The PrismaGuard premium finish now includes twelve new colors, responding to homeowner trends.

Fypon has announced an expanded product offering including new styles of beam mantels and additional sizes for raised panel and louvered shutters. The beam mantels are made from durable, low-maintenance polyurethane, providing homeowners with stylish options that complement various architectural styles. The new offerings feature classic, stepped, and smooth designs, with a weight load capacity of 200 lbs. The shutters are now available in sizes that match common entry door heights, allowing for a sophisticated look. Fypon aims to enhance home aesthetics with these new products, appealing to a wide range of design preferences.