NYSE$FBIN

Fortune Brands Innovations Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Fortune Brands reported strong results amid COVID-19 environment.

Fortune Brands Home & Security reported a decrease of 9 percent year-over-year in sales, reaching $1.4 billion. EPS was $0.83, a decrease of 14 percent, while EPS before charges/gains decreased 9 percent to $0.94. The company's performance was driven by market recovery, share gains, and cost structure realignment.

  • Market recovery, share gains and cost structure realignment drove better than anticipated results.
  • Focus on employee safety and operational execution enabled strong outperformance
  • 2Q 2020 sales decreased 9 percent year-over-year to $1.4 billion
  • 2Q 2020 EPS of $0.83, a decrease of 14 percent; EPS before charges / gains decreased 9 percent to $0.94

Headline financials

Total Revenue

$1.38B

Previous: $1.51B-8.7%
EPS (adj)

$0.84

Previous: $0.98-14.3%
Operating Margin Before Charges/Gains

14.3%

No prior period
Capital Expenditures

-$42.3M

Previous: -$54.9M+23.0%
Free Cash Flow

$73.5M

Previous: $82.6M-11.0%
Net Income

$116M

Previous: $138M-15.8%
Operating Income

$173M

Previous: $202M-14.5%
Gross Profit

$483M

Previous: $538M-10.2%
Cash & Equivalents

$398M

Previous: $276M+44.2%
Total Assets

$6.33B

Previous: $6.34B-0.2%
Stock-Based Comp

$3.9M

Previous: $7.4M-47.3%

Revenue & EPS history

Fortune Brands · Revenue · Quarterly

$1.38B

Q2 2020-8.7%vs Q2 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Fortune Brands · $1.26B total across 3 segments · Q3 2023

  • Water
    $688M+8.3%
  • Outdoors
    $366M-34.6%
  • Security
    $207M-63.1%

Forward guidance

Due to the uncertainty caused by the high unemployment and recession resulting from the pandemic, the Company is maintaining suspension of any previous financial guidance and projections for 2020 and beyond.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

-0.6%

Avg return

Earnings day

-0.5%

Avg return

5 days after

-0.8%

Avg return

30 days after

53%

31 / 59 earnings

Positive

+14.3%

Q2 2024

Best reaction

-17.6%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.8%-8.3%+0.1%
Q4 2025-17.6%-13.6%-30.7%
Q3 2025+3.8%+3.9%+5.8%
Q1 2025-8.7%+8.7%-3.0%
Q4 2024-1.4%-0.2%-7.7%
Q3 2024-7.7%-8.5%-7.9%
Q2 2024+14.3%+17.9%+17.9%
Q1 2024-5.7%-2.8%-8.5%
Q4 2023-2.9%-3.3%+1.6%
Q3 2023-2.1%-2.3%+16.3%
Q2 2023-5.4%-5.0%-13.0%
Q1 2023+5.4%+7.0%+3.6%
Q4 2022-0.6%-6.0%-12.1%
Q3 2022+0.6%+2.5%+13.8%
Q2 2022+4.6%+4.9%-5.1%
Q1 2022-3.6%-3.9%-8.3%
Q4 2021-4.7%-3.6%-11.7%
Q3 2021+2.0%+4.3%+8.6%
Q2 2021+1.0%+3.8%+5.4%
Q1 2021+1.2%+1.9%+9.4%
Q4 2020-4.6%-1.5%+7.4%
Q3 2020+0.1%+3.4%+3.9%
Q2 2020+6.5%+8.5%+18.1%
Q1 2020-11.5%-20.4%+8.3%
Q4 2019-7.2%-5.1%-35.3%
Q3 2019+0.9%+1.9%+3.9%
Q2 2019-4.6%-1.8%-3.5%
Q1 2019+0.6%+5.6%+10.9%
Q4 2018-1.3%-2.2%-5.3%
Q3 2018-4.4%-5.2%-6.4%
Q2 2018+0.8%+1.8%-5.7%
Q1 2018-3.0%+1.8%-7.1%
Q4 2017-4.2%-2.3%-5.8%
Q3 2017-1.4%-3.0%+3.4%
Q2 2017+0.3%-1.8%-3.2%
Q1 2017-0.6%-0.8%+4.5%
Q4 2016+0.9%+0.9%+4.7%
Q3 2016-0.9%+2.3%+0.9%
Q2 2016+0.5%+0.7%+0.6%
Q1 2016+1.2%
Q4 2015+0.2%
Q3 2015+2.5%
Q2 2015+2.9%
Q1 2015-0.7%
Q4 2014-2.2%
Q3 2014+3.3%
Q2 2014+1.6%
Q1 2014+1.8%
Q4 2013+5.1%
Q3 2013-0.6%
Q2 2013+1.9%
Q1 2013-3.2%
Q4 2012+1.9%
Q3 2012-0.3%
Q2 2012+0.2%
Q1 2012-1.6%
Q2 2011+1.5%
Q4 2010+2.3%
Q3 2011+2.3%
Q1 2011
Q3 2010
Q2 2010
Q1 2010

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