Fortune Brands Significantly Expands Margin in the Third Quarter; Executes on Focused Set of Strategic Priorities Amidst a Challenging Environment
Fortune Brands Innovations, Inc. (FBIN)
Company Research
Source: Business Wire
Highlights:Q3 2024 sales were $1.2 billion, a decrease of 8 percent versus Q3 2023; organic sales excluding the impact of China were down 5 percentQ3 2024 earnings per share (EPS) were $1.09, an increase of 2 percent versus a year ago; EPS before charges / gains were $1.16, a decrease of 3 percent versus Q3 2023Company updates full-year 2024 guidance to reflect current market conditions and impact of recent hurricanes DEERFIELD, Ill.--(BUSINESS WIRE)--Fortune Brands Innovations, Inc. (NYSE: FBIN or “Fortune Brands” or the “Company”), an industry-leading innovation company whose purpose is to elevate every life by transforming spaces into havens, today announced third quarter 2024 results.“Our teams continued to execute in a very dynamic market. We again delivered margin expansion despite the unfavorable macroeconomic environment,” said Fortune Brands Chief Executive Officer Nicholas Fink. “We are focused on a key set of strategic priorities, in both our core product lines and our d
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FBIN
News
- Fortune Brands Innovations, Inc. (NYSE: FBIN) had its price target lowered by analysts at Robert W. Baird from $94.00 to $90.00. They now have a "neutral" rating on the stock.MarketBeat
- Fortune Brands Innovations, Inc. (NYSE: FBIN) had its price target lowered by analysts at UBS Group AG from $98.00 to $97.00. They now have a "buy" rating on the stock.MarketBeat
- Fortune Brands Innovations, Inc. (NYSE: FBIN) had its price target raised by analysts at Truist Financial Co. from $82.00 to $92.00. They now have a "buy" rating on the stock.MarketBeat
- Fortune Brands Innovations, Inc. (NYSE: FBIN) had its price target lowered by analysts at Evercore ISI from $80.00 to $78.00. They now have an "in-line" rating on the stock.MarketBeat
- Fortune Brands Innovations, Inc. (NYSE: FBIN) had its price target raised by analysts at BMO Capital Markets from $84.00 to $95.00. They now have a "market perform" rating on the stock.MarketBeat
FBIN
Earnings
- 11/6/24 - Beat
FBIN
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form 144
- 11/8/24 - Form SC
- FBIN's page on the SEC website