Fortune Brands Delivers Solid 2023 Sales and Margin Performance with Strong Cash Generation; Issues 2024 Guidance; Announces $650 Million Share Repurchase Authorization
Fortune Brands Innovations, Inc. (FBIN)
Company Research
Source: Business Wire
Highlights: Q4 2023 sales were $1.2 billion, an increase of 3 percent over Q4 2022. Organic sales excluding the impact of the non-reoccurring 53rd week and FX were $1.1 billion, a decrease of 3 percent versus Q4 2022Q4 2023 earnings per share (EPS) were $0.64, a decrease of 35 percent versus a year ago; EPS before charges / gains were $0.95, a decrease of 11 percent versus Q4 2022, reflecting the impact of one-time separation items and the 53rd weekFull-year 2023 sales were $4.6 billion, a decrease of 2 percent over 2022. Organic sales excluding the impact of the non-reoccurring 53rd week and FX were $4.4 billion, a decrease of 6 percent versus full year 2022Full-year 2023 EPS were $3.17, a decrease of 23 percent versus 2022; EPS before charges / gains were $3.91, a decrease of 8 percent versus 2022, reflecting the impact of one-time separation items and the 53rd week Company announces new $650 million share repurchase authorization reflecting confidence in outlook and commitment to d
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FBIN
News
- 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
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FBIN
Earnings
- 1/30/24 - Beat
FBIN
Sec Filings
- 4/24/24 - Form DEFA14A
- 4/2/24 - Form 4
- 3/22/24 - Form ARS
- FBIN's page on the SEC website