Fortune Brands Innovations (NYSE:FBIN) Issues Quarterly Earnings Results

Fortune Brands Innovations (NYSE:FBIN) issued its quarterly earnings results on Thursday. The company reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53, FiscalAI reports. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.01 billion. Fortune Brands Innovations had a return on equity of 18.54% and a net margin of 6.70%.The company’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.66 earnings per share.

Here are the key takeaways from Fortune Brands Innovations’ conference call:

• Updated 2026 guidance reset to reflect a measured pullback: full‑year net sales now expected to be down low single digits, EPS of $3.00–$3.30 and operating margin of 13.5%–14.5%, driven by higher commodity and freight costs and a conservative sales outlook.
• The company doubled its targeted annualized cost savings to $70 million (from $35M) and expects to capture $15 million of those savings in 2026, representing over 150 bps of potential annual margin improvement.
• First‑quarter results were weak: sales of $1.0B (‑2%), operating income $112M (‑18%) and operating margin down 200 bps to 11.1%; free cash flow was negative $140M and net leverage stood at ~2.9x (net debt ~$2.5B), with a stated target to reduce leverage below 2.5x.
• Leadership and governance changes continue: the board reopened the permanent CEO search while naming Dave Barry as Interim CEO and Ashley George as Interim CFO, adding director Ed Garden and saying the board is actively engaged in value‑creation oversight.
• Management outlined operational priorities to accelerate new product development, fix sales & operations planning, and optimize capacity, citing early wins (e.g., Therma‑Tru product launch at ~125% of plan, Yale Pro 2 and Master Lock Elite launches) and expecting ~300 bps of margin improvement in H2 as tariffs normalize and cost actions ramp.

Fortune Brands Innovations Trading Down 2.9%

FBIN traded down $1.12 during mid-day trading on Friday, reaching $37.96. The stock had a trading volume of 8,733,496 shares, compared to its average volume of 2,810,856. The firm’s fifty day simple moving average is $42.14 and its two-hundred day simple moving average is $49.20. The stock has a market capitalization of $4.55 billion, a P/E ratio of 15.37, a P/E/G ratio of 1.95 and a beta of 1.40. Fortune Brands Innovations has a 52 week low of $36.07 and a 52 week high of $64.84. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.89 and a current ratio of 1.84.

Fortune Brands Innovations Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 22nd will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, May 22nd. Fortune Brands Innovations’s dividend payout ratio (DPR) is presently 42.11%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Royal Bank Of Canada reduced their target price on Fortune Brands Innovations from $56.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday. Wolfe Research set a $64.00 price objective on shares of Fortune Brands Innovations in a research note on Friday, February 13th. Robert W. Baird set a $44.00 price objective on shares of Fortune Brands Innovations in a report on Friday. Bank of America dropped their target price on Fortune Brands Innovations from $52.00 to $42.00 and set an “underperform” rating for the company in a report on Monday, April 20th. Finally, Zacks Research lowered shares of Fortune Brands Innovations from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. Four research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $52.50.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. lifted its holdings in Fortune Brands Innovations by 0.8% in the fourth quarter. Osaic Holdings Inc. now owns 24,447 shares of the company’s stock valued at $1,223,000 after buying an additional 198 shares during the period. Geneos Wealth Management Inc. grew its holdings in Fortune Brands Innovations by 30.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,108 shares of the company’s stock worth $57,000 after acquiring an additional 256 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Fortune Brands Innovations by 158.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 527 shares of the company’s stock worth $27,000 after acquiring an additional 323 shares during the period. Royal Bank of Canada raised its position in shares of Fortune Brands Innovations by 0.8% during the 1st quarter. Royal Bank of Canada now owns 41,713 shares of the company’s stock valued at $2,539,000 after acquiring an additional 324 shares during the last quarter. Finally, Cresset Asset Management LLC lifted its stake in shares of Fortune Brands Innovations by 8.1% in the 3rd quarter. Cresset Asset Management LLC now owns 4,600 shares of the company’s stock valued at $246,000 after purchasing an additional 345 shares during the period. 87.60% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Fortune Brands Innovations

Here are the key news stories impacting Fortune Brands Innovations this week:

• Neutral Sentiment: Fortune Brands reported first-quarter EPS of $0.53 and revenue of $1.01 billion, both in line with Wall Street estimates, which suggests the quarter was solid but not enough to spark a positive surprise.
• Neutral Sentiment: The company said sales grew in brands such as Moen, House of Rohl, and Therma-Tru, but also pointed to “inconsistent execution” and a challenging external environment, which clouds the near-term outlook.
• Positive Sentiment: RBC Capital kept an outperform rating on Fortune Brands Innovations and still sees upside from current levels, even though it lowered its price target from $56 to $50. Benzinga report on RBC price target cut
• Negative Sentiment: Management lowered FY2026 EPS guidance to $3.00-$3.30, below the consensus estimate of $3.35, signaling more caution about profitability for the rest of the year.
• Negative Sentiment: Year-over-year EPS fell from $0.66 to $0.53 and revenue declined 2.1%, reinforcing concerns that growth is slowing.

About Fortune Brands Innovations

Fortune Brands Innovations (NYSE: FBIN), formerly known as Fortune Brands Home & Security, is a global leader in water innovations, specializing in the design, manufacturing and marketing of plumbing fixtures, fittings and related products. Headquartered in Deerfield, Illinois, the company leverages two iconic brands—Moen and House of Rohl—to deliver high-quality kitchen and bathroom solutions across residential and commercial markets. With a focus on performance, reliability and aesthetic design, FBIN’s portfolio spans faucets, showerheads, accessories and water filtration systems.

The company’s products are sold through a diversified network of retail partners, wholesale distributors and online channels across North America, Europe, Asia-Pacific and Latin America.