Fortune Brands Delivers First Quarter Sales and Margin Results Reflecting Strong Execution; Reaffirms Full Year Guidance
Fortune Brands Innovations, Inc. (FBIN)
Company Research
Source: Business Wire
Highlights:Q1 2024 sales were $1.1 billion, an increase of 7 percent over Q1 2023. Organic sales were $1.0 billion, a decrease of 3 percent versus Q1 2023Q1 2024 earnings per share (EPS) were $0.76, an increase of 13 percent versus a year ago; EPS before charges / gains were $0.83, an increase of 20 percent versus Q1 2023Company reaffirms initial 2024 guidance, with a focus on above-market sales performance, margin expansion and cash generation DEERFIELD, Ill.--(BUSINESS WIRE)--Fortune Brands Innovations, Inc. (NYSE: FBIN or “Fortune Brands” or the “Company”), an industry leading innovation company focused on creating smarter, safer and more beautiful homes and improving lives, today announced first quarter 2024 results.“Our first quarter sales and margin results came in above our expectations as our teams executed our strategy of growing the core and accelerating in connected products,” said Fortune Brands Chief Executive Officer Nicholas Fink. “By leveraging our Fortune Brands Ad
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FBIN
News
- Fortune Brands Declares Quarterly DividendBusiness Wire
- Fortune Brands Innovations, Inc. (NYSE: FBIN) had its price target lowered by analysts at Evercore ISI from $79.00 to $78.00. They now have an "in-line" rating on the stock.MarketBeat
- Fortune Brands Innovations, Inc. (NYSE: FBIN) had its price target raised by analysts at Robert W. Baird from $85.00 to $86.00. They now have a "neutral" rating on the stock.MarketBeat
- Fortune Brands Innovations, Inc. (NYSE: FBIN) had its price target lowered by analysts at Robert W. Baird from $86.00 to $85.00. They now have a "neutral" rating on the stock.MarketBeat
- Introducing Yale Approach with Yale Keypad: Yale’s First Retrofit Smart Security SolutionGlobeNewswire
FBIN
Earnings
- 4/30/24 - Beat
FBIN
Sec Filings
- 5/10/24 - Form 8-K
- 5/8/24 - Form 4
- 5/8/24 - Form 4
- FBIN's page on the SEC website