Fortune Brands Innovations (NYSE:FBIN) Releases Earnings Results, Beats Estimates By $0.55 EPS

Fortune Brands Innovations (NYSE:FBIN) issued its quarterly earnings results on Tuesday. The company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.55, Zacks reports. Fortune Brands Innovations had a return on equity of 17.72% and a net margin of 6.12%.The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the business posted $1.00 earnings per share. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. 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 Trading Up 1.1%

NYSE:FBIN opened at $52.72 on Wednesday. Fortune Brands Innovations has a one year low of $32.34 and a one year high of $64.84. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.04 and a current ratio of 2.13. The firm has a market cap of $6.29 billion, a P/E ratio of 23.43, a P/E/G ratio of 3.36 and a beta of 1.31. The firm has a 50-day simple moving average of $46.65 and a 200-day simple moving average of $46.37.

Fortune Brands Innovations Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have weighed in on the company. Bank of America reduced their target price on Fortune Brands Innovations from $52.00 to $42.00 and set an “underperform” rating on the stock in a research note on Monday, April 20th. Barclays set a $54.00 price target on shares of Fortune Brands Innovations in a report on Wednesday. Royal Bank Of Canada reduced their price target on shares of Fortune Brands Innovations from $56.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, May 8th. Robert W. Baird set a $44.00 price objective on shares of Fortune Brands Innovations in a report on Friday, May 8th. Finally, Zacks Research raised shares of Fortune Brands Innovations from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Five equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Fortune Brands Innovations currently has a consensus rating of “Hold” and a consensus target price of $53.92.

Insider Buying and Selling at Fortune Brands Innovations

In other Fortune Brands Innovations news, Director Edward P. Garden acquired 320,067 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were purchased at an average cost of $40.60 per share, for a total transaction of $12,994,720.20. Following the completion of the purchase, the director owned 3,940,234 shares in the company, valued at approximately $159,973,500.40. This trade represents a 8.84% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last three months, insiders have purchased 786,367 shares of company stock valued at $28,653,958. 3.32% of the stock is currently owned by corporate insiders.

Institutional Trading of Fortune Brands Innovations

A number of hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its holdings in shares of Fortune Brands Innovations by 158.3% in 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. Brown Brothers Harriman & Co. lifted its stake in shares of Fortune Brands Innovations by 628.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 605 shares of the company’s stock worth $30,000 after purchasing an additional 522 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new position in Fortune Brands Innovations in the third quarter valued at about $31,000. Caitong International Asset Management Co. Ltd grew its stake in Fortune Brands Innovations by 180.7% in the third quarter. Caitong International Asset Management Co. Ltd now owns 741 shares of the company’s stock valued at $40,000 after purchasing an additional 477 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new position in Fortune Brands Innovations in the second quarter worth about $47,000. Hedge funds and other institutional investors own 87.60% of the company’s stock.

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.