Fortune Brands Innovations, Inc. ( (FBIN) ) has released its Q4 earnings. Here is a breakdown of the information Fortune Brands Innovations, Inc. presented to its investors.
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Fortune Brands Innovations, Inc. is a leading innovation company in the home products, security, and commercial building markets, dedicated to enhancing living spaces and improving lives through its diverse brand portfolio. The company is headquartered in Deerfield, Illinois, and trades on the NYSE under the symbol FBIN.
Fortune Brands reported its financial results for the fourth quarter and full-year 2024, highlighting solid margin improvements and strong cash flow despite challenging market conditions. The company also announced a new $1 billion share repurchase authorization, reflecting its confidence in continued cash generation and long-term shareholder value.
In the fourth quarter of 2024, Fortune Brands’ sales totaled $1.1 billion, a 5% decrease from the previous year, with organic sales down by 1% excluding impacts from China and other disruptions. The earnings per share (EPS) saw a significant 31% increase to $0.84, with EPS before charges/gains up by 3% to $0.98. For the full year, sales remained flat at $4.6 billion, while EPS increased by 18% to $3.75, and EPS before charges/gains rose by 5% to $4.12. The company generated $668 million in operating cash flow and $475 million in free cash flow for the year.
The company aims to continue outperforming the market in 2025 by focusing on expanding margins, investing in strategic priorities, and maintaining strong cash flow. This forward-looking strategy is supported by a robust balance sheet and a commitment to shareholder value through its share repurchase program.
Looking ahead, Fortune Brands’ management is optimistic about its growth prospects, driven by strategic initiatives and market conditions. The company plans to navigate near-term challenges while executing foundational strategies to achieve market-leading growth and enhance shareholder returns.
