Strategic Transformation Milestone
Fortune Brands Innovations welcomed over 500 associates to their new headquarters in Chicago, achieving hiring commitments two years ahead of schedule. The consolidation aims to drive growth and efficiency.
Digital Portfolio Growth
The digital portfolio is on track to approach $300 million in annualized sales by the end of 2025, with strong growth in the Flow segment and the introduction of a new subscription service.
Market Outperformance
Sales in the Water segment were down 3%, but excluding China, net sales were flat, with point-of-sale results up low single digits against a slightly down market.
LARSON and Fiberon Success
LARSON achieved double-digit sales growth, and Fiberon saw the highest monthly sellout for the year in September, with strong performance in both retail and wholesale.
Security Segment Growth
Sales in the Security segment increased by 5%, driven by strong growth in e-commerce and commercial business, with new retail placements secured.