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Fortune Brands Innovations ( (FBIN) ) just unveiled an update.
On January 22, 2025, Fortune Brands Innovations announced plans to consolidate its U.S. regional offices into a new headquarters in Deerfield, Illinois, expected to be completed by December 31, 2026. This move aims to enhance innovation and operational efficiency while incurring restructuring charges estimated between $50 million to $80 million. Additionally, the company is restructuring its executive leadership to improve growth and efficiency, eliminating the Group President role and appointing David Barry as President of Security and Connected Products. Cheri Phyfer will transition to an advisory role until July 1, 2025, following her departure.
More about Fortune Brands Innovations
Fortune Brands Innovations, Inc. is an industry-leading innovation company dedicated to creating smarter, safer, and more beautiful homes, focusing on home products, security, and commercial building markets. Their portfolio includes renowned brands such as Moen, House of Rohl, Aqualisa, SpringWell, Therma-Tru, Larson, Fiberon, Master Lock, SentrySafe, and Yale residential. Headquartered in Deerfield, Illinois, the company trades on the NYSE as FBIN.
YTD Price Performance: 10.03%
Average Trading Volume: 1,215,275
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $9.24B
Find detailed analytics on FBIN stock on TipRanks’ Stock Analysis page.
