Fortune Brands Innovations, Inc. (FBIN)

NYSE: FBIN · Real-Time Price · USD
74.90
+1.36 (1.85%)
Nov 20, 2024, 4:00 PM EST - Market closed
1.85%
Market Cap 9.30B
Revenue (ttm) 4.67B
Net Income (ttm) 448.10M
Shares Out 124.23M
EPS (ttm) 3.55
PE Ratio 21.12
Forward PE 16.89
Dividend $0.96 (1.28%)
Ex-Dividend Date Nov 22, 2024
Volume 1,732,236
Open 73.85
Previous Close 73.54
Day's Range 73.64 - 75.26
52-Week Range 62.54 - 90.54
Beta 1.57
Analysts Buy
Price Target 91.36 (+21.98%)
Earnings Date Nov 6, 2024

About FBIN

Fortune Brands Innovations, Inc. provides home and security products for residential home repair, remodeling, new construction, and security applications in the United States and internationally. The company operates through three segments: Water, Outdoors, and Security. The Water segment manufactures or assembles, and sells faucets, accessories, kitchen sinks, and waste disposals under the Moen, ROHL, Riobel, Victoria+Albert, Perrin & Rowe, Aqualisa, Shaws, Emtek, and Schaub brands. The Outdoors segment manufactures and sells fiberglass and st... [Read more]

Sector Industrials
Founded 1988
Employees 11,700
Stock Exchange NYSE
Ticker Symbol FBIN
Full Company Profile

Financial Performance

In 2023, FBIN's revenue was $4.63 billion, a decrease of -2.05% compared to the previous year's $4.72 billion. Earnings were $404.50 million, a decrease of -41.10%.

Financial Statements

Analyst Forecast

According to 12 analysts, the average rating for FBIN stock is "Buy." The 12-month stock price forecast is $91.36, which is an increase of 21.98% from the latest price.

Price Target
$91.36
(21.98% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Fortune Brands Innovations: Growth Should Recover In FY25

I maintain a buy rating on Fortune Brands Innovations, expecting growth recovery in FY25 driven by improved housing demand and a successful connected product strategy. Despite an 8.4% sales decline, m...

14 days ago - Seeking Alpha

Fortune Brands Innovations, Inc. (FBIN) Q3 2024 Earnings Call Transcript

Fortune Brands Innovations, Inc. (FBIN) Q3 2024 Earnings Call Transcript

14 days ago - Seeking Alpha

Fortune Brands Significantly Expands Margin in the Third Quarter; Executes on Focused Set of Strategic Priorities Amidst a Challenging Environment

DEERFIELD, Ill.--(BUSINESS WIRE)-- #FBIN--Fortune Brands Innovations, Inc. (NYSE: FBIN or “Fortune Brands” or the “Company”), an industry-leading innovation company whose purpose is to elevate every l...

14 days ago - Business Wire

Moen and FORTNA Celebrate the Opening of New North Las Vegas Greenfield Distribution Center

The new Moen facility, designed and delivered by FORTNA, optimizes operational performance The new Moen facility, designed and delivered by FORTNA, optimizes operational performance

5 weeks ago - GlobeNewsWire

Fortune Brands Sets Date for Third Quarter Earnings Announcement and Investor Conference Call

DEERFIELD, Ill.--(BUSINESS WIRE)-- #FBIN--Fortune Brands Innovations, Inc. (NYSE: FBIN or “Fortune Brands” or the “Company”), an industry-leading innovation company focused on creating smarter, safer ...

6 weeks ago - Business Wire

Yale's “Secure Start” Program Helps Cover Renter Home Security Needs

A majority of renters say receiving one month of free rent would bring peace of mind; Yale offers a financial helping hand and renter-friendly security with the retrofit Yale Approach Lock A majority ...

7 weeks ago - GlobeNewsWire

Moen Expands Two-Decade-Long Partnership with Meritage Homes as the Exclusive Plumbing Partner

NEW AGREEMENT STRENGTHENS PARTNERSHIP DELIVERING EXCEPTIONAL EXPERIENCES TO HOMEBUYERS WITH UNMATCHED QUALITY AND DURABILITY NORTH OLMSTED, Ohio , Sept. 30, 2024 /PRNewswire/ -- Two leading companies ...

7 weeks ago - PRNewsWire

Fortune Brands Declares Quarterly Dividend

DEERFIELD, Ill.--(BUSINESS WIRE)-- #FBIN--Fortune Brands Innovations, Inc. (NYSE: FBIN or “Fortune Brands” or the “Company”), an industry-leading innovation company focused on creating smarter, safer ...

2 months ago - Business Wire

Tortoise Capital Announces Index Updates for Third Quarter 2024 and Change of Methodology for the Tortoise North American Pipeline Indexsm (TNAP)

OVERLAND PARK, KS / ACCESSWIRE / September 13, 2024 / Tortoise Capital today announced upcoming additions and deletions to its indices as part of its regular quarterly rebalancing for the third quarte...

Other symbols: CWTGEVOSJWTXO
2 months ago - Accesswire

Fortune Brands: Good Execution And Interest Rate Cycle Reversal Should Drive Upside

FBIN Stock has outperformed since my previous buy rating. I see continued upside with revenues benefiting from market share gains, new partnerships, and a more favorable macro environment. The company...

3 months ago - Seeking Alpha

Fortune Brands Innovations: Growth Could Be Structurally Higher In Near-Medium Term

FBIN has a positive growth outlook due to the improving US macro situation and partnership strategy for digital product sales. Recent earnings results show growth across all segments, with strong marg...

3 months ago - Seeking Alpha

Fortune Brands Innovations, Inc. (FBIN) Q2 2024 Earnings Call Transcript

Fortune Brands Innovations, Inc. (NYSE:FBIN) Q2 2024 Earnings Conference Call July 25, 2024 5:00 PM ET Company Participants Leigh Avsec - Vice President, Investor Relations and Corporate Affairs Nich...

4 months ago - Seeking Alpha

Fortune Brands Delivers Solid Sales and Strong Margin Results in the Second Quarter; Updates Full Year Guidance

DEERFIELD, Ill.--(BUSINESS WIRE)-- #FBIN--Fortune Brands Innovations, Inc. (NYSE: FBIN or “Fortune Brands” or the “Company”), an industry-leading innovation company focused on creating smarter, safer ...

4 months ago - Business Wire

Fortune Brands Sets Date for Second Quarter Earnings Announcement and Investor Conference Call

DEERFIELD, Ill.--(BUSINESS WIRE)-- #FBIN--Fortune Brands Innovations, Inc. (NYSE: FBIN or “Fortune Brands” or the “Company”), an industry-leading innovation company focused on creating smarter, safer ...

5 months ago - Business Wire

Fortune Brands Innovations Marks Progress and Opportunities Related to Positive Sustainable and Social Impacts in Newly Published 2023 ESG Report

DEERFIELD, Ill.--(BUSINESS WIRE)-- #FBIN--Fortune Brands Innovations, Inc. (NYSE: FBIN or “Fortune Brands” or the “Company”), an industry-leading innovation company focused on creating smarter, safer ...

5 months ago - Business Wire

Moen Announces Agreement with California Water Efficiency Partnership

NORTH OLMSTED, Ohio--(BUSINESS WIRE)--Moen, the leader in water experiences in the home, today announced it has signed an agreement with the California Water Efficiency Partnership (“CalWEP”) to advan...

5 months ago - Business Wire

Moen Signs Strategic Agreement with Amica Insurance to Boost Usage of Leak Detection Technology

NORTH OLMSTED, Ohio--(BUSINESS WIRE)--Moen, the leader in water experiences in the home, today announced an initiative with Amica Insurance aimed to encourage policyholders to adopt Flo Smart Water Mo...

5 months ago - Business Wire

Fortune Brands Enters Strategic Partnership with Value Hybrid to Develop Connected Lockout Tagout Solutions; Acquires Minority Stake

DEERFIELD, Ill.--(BUSINESS WIRE)-- #FBIN--Fortune Brands Innovations, Inc. (NYSE: FBIN or “Fortune Brands” or the “Company”), an industry-leading innovation company focused on creating smarter, safer ...

5 months ago - Business Wire

Moen Enters into Strategic Arrangement with Homeowners Insurance Provider to Help Control Rising Costs

NORTH OLMSTED, Ohio--(BUSINESS WIRE)--Moen, the leader in water experiences in the home, today announced an initiative with a major insurance provider designed to drive adoption of Flo Smart Water Mon...

5 months ago - Business Wire

Fortune Brands: Good Growth Prospects And Potential P/E Multiple Re-Rating

Fortune Brands Innovations Inc. has good revenue and margin growth prospects. The company is focused on enhancing its product portfolio with connected offerings, which are gaining traction with custom...

7 months ago - Seeking Alpha

Fortune Brands Innovations, Inc. (FBIN) Q1 2024 Earnings Call Transcript

Fortune Brands Innovations, Inc. (NYSE:FBIN) Q1 2024 Earnings Conference Call April 30, 2024 5:00 PM ET Company Participants Leigh Avsec – Vice President-Investor Relations and Corporate Affairs Nick...

7 months ago - Seeking Alpha

Fortune Brands Delivers First Quarter Sales and Margin Results Reflecting Strong Execution; Reaffirms Full Year Guidance

DEERFIELD, Ill.--(BUSINESS WIRE)-- #FBIN--Fortune Brands Innovations, Inc. (NYSE: FBIN or “Fortune Brands” or the “Company”), an industry leading innovation company focused on creating smarter, safer ...

7 months ago - Business Wire

Dividend Income Summary: Lanny's March 2024 Summary

2023 was up 24%. 3 months down in 2024 and the S&P 500 is already up 6%, down from the plus 10% they were at.

Other symbols: AFLCMICTVADDFSDOWEBAY
7 months ago - Seeking Alpha

Fortune Brands Sets Date for First Quarter Earnings Announcement and Investor Conference Call

DEERFIELD, Ill.--(BUSINESS WIRE)-- #FBIN--Fortune Brands Innovations, Inc. (NYSE: FBIN or “Fortune Brands” or the “Company”), an industry-leading innovation company focused on creating smarter, safer ...

8 months ago - Business Wire

Fortune Brands Acquires SpringWell; Increases Presence in High-Growth Water Filtration Market and Further Expands Whole Home Water Offering

DEERFIELD, Ill.--(BUSINESS WIRE)-- #FBIN--Fortune Brands Innovations, Inc. (NYSE: FBIN or “Fortune Brands” or the “Company”), an industry-leading innovation company focused on creating smarter, safer ...

9 months ago - Business Wire