NYSE$FBIN

Fortune Brands Innovations Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Fortune Brands reported strong sales and profit growth driven by end market strength, share gains, and operational performance.

Fortune Brands Home & Security reported a strong third quarter with sales increasing 13% year-over-year to $1.7 billion and EPS increasing 56% to $1.17.

  • Strong end market, share gains and exceptional operational performance drove better than anticipated results
  • Continued focus on employee safety and serving customers enabled operational excellence
  • 3Q 2020 sales increased 13 percent year-over-year to $1.7 billion
  • 3Q 2020 EPS of $1.17, an increase of 56 percent; EPS before charges / gains increased 25 percent to $1.19

Headline financials

Total Revenue

$1.65B

Previous: $1.46B+13.2%
EPS (adj)

$1.19

Previous: $0.76+56.6%
Operating Margin Before Charges/Gains

14.8%

Previous: 13.9%+6.5%
Capital Expenditures

-$66.2M

Previous: -$82.4M+19.7%
Free Cash Flow

$98.4M

Previous: $23.2M+324.1%
Net Income

$165M

Previous: $106M+55.9%
Operating Income

$240M

Previous: $168M+43.0%
Gross Profit

$581M

Previous: $524M+10.8%
Cash & Equivalents

$465M

Previous: $336M+38.2%
Total Assets

$6.52B

Previous: $6.29B+3.7%
Stock-Based Comp

$18.5M

Previous: $8.4M+120.2%

Revenue & EPS history

Fortune Brands · Revenue · Quarterly

$1.65B

Q3 2020+13.2%vs Q3 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

The Company expects net sales growth between 4 percent and 5 percent and earnings per share of $4.03 to $4.11, with an operating margin of approximately 14 percent. The Company expects to generate free cash flow of approximately $590 to $620 million for the full year 2020, which includes accelerated investments in capacity to support our customers.

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 Q3 2020

Historical avgQ3 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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