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Fortune Brands Innovations (FBIN)
NYSE:FBIN
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Earnings Data
Report Date
Jan 29, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.05Last Year’s EPS
$0.95Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -17.07%
|Next Earnings Date:Jan 29, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong margin improvements and growth in digital products despite a challenging market environment. Sales declines, particularly in China, and hurricane impacts led to a cautious outlook. However, strategic initiatives and margin enhancements indicate potential for future growth.Company Guidance
In the Fortune Brands Third Quarter 2024 Earnings Call, the company provided detailed guidance, highlighting key metrics and strategic priorities. The company reported net sales of $1.2 billion, a decline of 8% year-over-year, with organic sales down 5% excluding China. The operating margin improved by 130 basis points to 18.7%, while earnings per share were $1.16. The digital products portfolio showed promising growth, with retail and e-commerce point-of-sale performance up 80% compared to the previous year. The company has secured agreements covering approximately 8 million policyholders, potentially translating to over $160 million in sales for their Flo Smart Water Monitor and Shutoff. The company revised its full-year 2024 EPS guidance to $4.17 to $4.23, considering choppy market conditions and hurricane impacts but remains confident in its long-term strategy, focusing on digital transformation and strategic growth categories. Looking ahead to 2025, Fortune Brands anticipates slightly positive market growth, planning for well over $1 billion in digital sales by 2030, with a focus on maintaining margin improvements and strategic investments.Strong Margin Performance
Operating margin for Q3 2024 was 18.7%, up 130 basis points from Q3 2023. This improvement resulted from continuous improvement initiatives and cost reductions.
Digital Product Success
The digital products portfolio saw significant wins with around 20,000 new users of Flo Smart Water Monitor and Shutoff, and retail and e-commerce POS performance was up 80% compared to Q3 2023.
Outdoors Segment Margin Improvement
Despite a 6% decline in sales, the Outdoors segment saw margins improve by 320 basis points over the previous year.
Security Segment Margin Improvement
The Security segment saw a 250 basis point increase in operating margin despite a 14% decline in sales, due to cost optimization and supply chain improvements.
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FBIN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FBIN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $84.01 | $78.87 | -6.12% |
| Jul 25, 2024 | $71.72 | $78.25 | +9.10% |
| Apr 30, 2024 | $72.40 | $70.43 | -2.72% |
| Jan 30, 2024 | $79.78 | $76.62 | -3.96% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Fortune Brands Innovations (FBIN) report earnings?
Fortune Brands Innovations (FBIN) is schdueled to report earning on Jan 29, 2025, TBA Not Confirmed.
What is Fortune Brands Innovations (FBIN) earnings time?
Fortune Brands Innovations (FBIN) earnings time is at Jan 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FBIN EPS forecast?
FBIN EPS forecast for the fiscal quarter 2024 (Q4) is $1.05.
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