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

Fortune Brands Innovations (NYSE:FBIN) posted its earnings results on Tuesday. The company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.55, Zacks reports. Fortune Brands Innovations had a return on equity of 19.36% and a net margin of 3.39%.The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the company earned $1.00 EPS. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. Fortune Brands Innovations updated its FY 2026 guidance to 3.220-3.520 EPS.

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

• Underlying performance remained weak: Q2 sales fell 4% to $1.2 billion, led by a 6.5% decline in Water, where service issues, prior share losses, and soft new-construction demand pressured volume and margins.
• The company lowered its underlying full-year EPS outlook to $2.70–$3.00 from the prior $3.00–$3.30 range, citing execution-related volume losses and incremental investments; reported guidance of $3.22–$3.52 includes a $0.52 tariff-refund benefit.
• Management is investing in service, supply-chain stability, and new product development, while targeting approximately $70 million of annualized cost savings by Q1 2027 and simplifying the organization by moving marketing and brand teams back into the business units.
• Security sales grew 3.8%, with new products contributing roughly 200 basis points of growth, while early results for Master Lock’s Elite padlock and Moen’s SwivelControl faucet were encouraging; management also sees longer-term expansion opportunities in connected products, doors, and repair-and-remodel channels.
• Fortune Brands is conducting a strategic review of Fiberon and evaluating other portfolio areas, with advisors retained but no timeline or specific transaction outcome provided.

Fortune Brands Innovations Stock Performance

Shares of NYSE FBIN opened at $50.81 on Thursday. The firm has a fifty day moving average price of $46.91 and a 200-day moving average price of $46.30. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.13 and a quick ratio of 1.04. The stock has a market cap of $6.06 billion, a PE ratio of 41.26, a price-to-earnings-growth ratio of 3.40 and a beta of 1.31. Fortune Brands Innovations has a 1 year low of $32.34 and a 1 year high of $64.84.

Fortune Brands Innovations Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Friday, August 21st will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, August 21st. Fortune Brands Innovations’s dividend payout ratio is presently 46.22%.

Insider Buying and Selling at Fortune Brands Innovations

In other news, Director Edward P. Garden bought 403,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was bought at an average price of $33.40 per share, with a total value of $13,460,200.00. Following the acquisition, the director owned 3,556,867 shares of the company’s stock, valued at approximately $118,799,357.80. This represents a 12.78% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders have acquired 786,367 shares of company stock worth $28,653,958. 3.32% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Fortune Brands Innovations

Institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada increased its stake in Fortune Brands Innovations by 0.8% during the first quarter. Royal Bank of Canada now owns 41,713 shares of the company’s stock worth $2,539,000 after acquiring an additional 324 shares during the last quarter. Empowered Funds LLC raised its position in Fortune Brands Innovations by 20.5% in the 1st quarter. Empowered Funds LLC now owns 10,335 shares of the company’s stock worth $629,000 after purchasing an additional 1,761 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Fortune Brands Innovations by 83.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 852 shares of the company’s stock worth $52,000 after acquiring an additional 388 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Fortune Brands Innovations by 7.6% during the 2nd quarter. Cetera Investment Advisers now owns 10,382 shares of the company’s stock worth $534,000 after acquiring an additional 731 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted 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 valued at $27,000 after acquiring an additional 323 shares during the period. 87.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FBIN has been the topic of several recent analyst reports. Royal Bank Of Canada increased their price objective on Fortune Brands Innovations from $50.00 to $57.00 and gave the company an “outperform” rating in a research report on Wednesday. JPMorgan Chase & Co. decreased their price objective on shares of Fortune Brands Innovations from $42.00 to $39.00 and set a “neutral” rating for the company in a report on Friday, May 15th. Evercore set a $56.00 target price on shares of Fortune Brands Innovations in a report on Wednesday. UBS Group boosted their target price on shares of Fortune Brands Innovations from $63.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $68.00 price objective on shares of Fortune Brands Innovations in a report on Wednesday. Five analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $55.33.

Fortune Brands Innovations Company Profile

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.