Earnings ·
Reports Q3 EPS of $0.42, updates full-year guidance to $3.20-$3.30 as sales decline 3.1%
FBINFortune Brands Innovations, Inc.
Fortune Brands Innovations reported third-quarter net sales of $1.1 billion, a 3.1% decrease from the prior year period. GAAP earnings per share were $0.42, impacted by a $0.47 asset impairment charge; adjusted EPS before charges and gains was $1.14. The company announced portfolio optimization actions, including an agreement to sell its Fiberon business, exiting commercial operations in China, and rationalizing its EMEA footprint. Leadership changes were implemented to strengthen execution. Full-year 2026 guidance for net sales was updated to a range of $4.205 billion to $4.275 billion, with adjusted EPS expected between $3.20 and $3.30. Fortune Brands Innovations is an industry-leading home, security and digital products company.