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Fortune Brands Innovations Inc
DUS:2FB

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Fortune Brands Innovations Inc Logo
Fortune Brands Innovations Inc
DUS:2FB
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Price: 37.6 EUR
Market Cap: €4.7B

Fortune Brands Innovations Inc
Investor Relations

Fortune Brands Innovations makes branded products that go into homes, especially around water and entryways. Its best-known products include kitchen and bath faucets, showers, sinks, and related plumbing fixtures, as well as doors and other home hardware used in new construction and remodeling. The company does not sell services; it sells physical products through wholesale and retail channels. Its main customers are homebuilders, remodelers, contractors, distributors, and home improvement retailers, plus homeowners who buy replacement products. Fortune Brands makes money when these customers buy its brands for installation in new homes, renovation projects, or repairs. That means its sales are tied to both housing activity and the steady need to replace worn-out fixtures and home components. What makes the business model different is that it sits close to the point where a house is finished and lived in. Its products are often chosen by builders, then installed and replaced over long periods, so the company can benefit from both new construction and a large installed base of homes. Strong brand names matter here because buyers often ask for specific products by brand when they plan kitchens, bathrooms, doors, and security-related home hardware.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
May 7, 2026
AI Summary
Q1 2026

Guidance reset: Fortune Brands cut its 2026 outlook, now expecting net sales to be down low single digits and EPS of $3.00 to $3.30, as management reset expectations to match a softer housing backdrop and weaker near-term execution.

Cost actions: The company doubled its annualized cost-savings target from $35 million to $70 million and expects to capture $15 million of that in 2026, with the rest flowing in later.

Q1 pressure: First-quarter sales were $1 billion, down 2%, with operating income down 18% to $112 million and operating margin down 200 basis points to 11.1%.

Macro headwinds: Management said housing affordability, consumer confidence, commodities and freight all worsened, and that weak single-family new construction continues to weigh on the business.

Portfolio focus: New interim CEO David Barry said the company will sharpen execution, improve service levels, reduce structural costs and focus capital on the highest-return businesses and brands.

Brand push: Fortune is investing behind major brands like Moen, Therma-Tru, Master Lock and Yale, including new campaigns and product launches aimed at restoring growth and share.

Key Financials
Sales
$1 billion
Earnings per share
$0.53
Operating income
$112 million
Operating margin
11.1%
Water sales
$564 million
Water operating income
$106 million
Water operating margin
18.8%
Outdoors sales
$294 million
Outdoors operating income
$22 million
Outdoors operating margin
7.4%
Security sales
$153 million
Security operating income
$22 million
Security operating margin
14.2%
Free cash flow
negative $140 million
Net debt
approximately $2.5 billion
Net debt-to-EBITDA
2.9x
Liquidity
over $900 million available
Undrawn revolver capacity
approximately $695 million
Shareholder returns
$75 million
Cost savings run rate
$70 million
2026 inflation headwind
approximately $180 million
Tariff impact
$100 million
Price growth
mid-single digits
Earnings Call Recording
Other Earnings Calls

Management

Mr. Nicholas Ian Fink J.D.
CEO & Director
No Bio Available
Ms. Cheri M. Phyfer
Executive VP & Group President
No Bio Available
Mr. David V. Barry
Executive VP & CFO
No Bio Available
Ms. Hiranda S. Donoghue
Executive VP, Chief Legal Officer & Corporate Secretary
No Bio Available
Ms. Karen Ries
Senior VP & Chief Accounting Officer
No Bio Available
Leigh Avsec
VP of Investor Relations & Corporate Affairs
No Bio Available
Mr. Mark-Hans Richer
Chief Marketing Officer
No Bio Available
Ms. Kristin E. Papesh
Executive VP & Chief HR Officer
No Bio Available
Mr. Brett E. Finley
Advisor
No Bio Available
Mr. Dong Gu Lee
Executive VP and Chief Growth & Digital Officer
No Bio Available

Contacts

Address
ILLINOIS
Deerfield
520 Lake Cook Road
Contacts
+18474844400
www.fbin.com
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