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Fortune Brands Innovations (FBIN)
NYSE:FBIN
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.67Last Year’s EPS
0.83Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: -3.50%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture. While the company achieved strong free cash flow and improved margins, and saw notable growth in its digital business, it faced significant challenges in its security segment and in China, leading to overall sales declines. The strategic investments and operational improvements provide optimism for future growth.Company Guidance
In the Fortune Brands Fourth Quarter 2024 Earnings Call, the company provided detailed guidance for 2025, focusing on several key metrics and strategic actions. Fortune Brands reported fourth-quarter net sales of $1.1 billion, marking a 5% decrease compared to the same period in 2023, with organic sales down 1% when adjusted for specific impacts. Fourth-quarter earnings per share (EPS) were $0.98, reflecting a 3% increase from Q4 2023, while operating margin improved by 60 basis points to 16.4%. For the full year 2024, the company delivered net sales of $4.6 billion, flat versus the previous year, with full-year EPS of $4.12, up 5% over 2023. Free cash flow for the year was approximately $475 million, with a cash conversion rate exceeding 100% of net income. The guidance highlighted a focus on leveraging digital innovation, optimizing pricing, and enhancing the company's digital and luxury product segments, with expectations of outperforming the market in 2025. Moreover, the company announced a new $1 billion share repurchase authorization, indicating strong confidence in its cash generation capabilities and commitment to long-term shareholder value creation.Strong Free Cash Flow and Margin Improvement
2024 free cash flow was approximately $475 million with a cash conversion of more than 100% of net income. Full-year operating margins increased 90 basis points versus 2023.
Digital Business Growth
Digital sales were $214 million in 2024, with significant growth in the Flow business. At the end of 2024, the digital business had 4.7 million users, and Flow's retail and e-commerce POS was up over 100% versus Q4 2023.
Recognition and Strategic Investments
Fortune Brands was named to The Wall Street Journal's Top 250 Managed Companies list of 2024. Strategic investments were made in water filtration and connected lockout tagout platforms.
Operational and Structural Improvements
The company simplified its leadership structure and aligned its organization, leading to quicker decision-making and more direct involvement across the business.
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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 |
|---|---|---|---|
| Feb 06, 2025 | $69.06 | $68.09 | -1.40% |
| 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% |
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 Apr 24, 2025, TBA Not Confirmed.
What is Fortune Brands Innovations (FBIN) earnings time?
Fortune Brands Innovations (FBIN) earnings time is at Apr 24, 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 2025 (Q1) is 0.67.
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