NYSE$FBIN
Fortune Brands Innovations Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Fortune Brands delivered strong operating margin and profit results, and updated its guidance to reflect a softening market environment.
Fortune Brands Home & Security, Inc. announced third quarter 2022 results, with sales increasing 3% to $2.1 billion and EPS before charges/gains increasing 20% to $1.79. The company updated its full-year guidance to reflect a softening market environment.
- 3Q 2022 sales of $2.1 billion, an increase of 3 percent versus a year ago
- 3Q 2022 earnings per share (EPS) of $1.57, an increase of 8 percent versus a year ago
- EPS before charges / gains of $1.79, an increase of 20 percent versus a year ago
- Full-year guidance updated to reflect a softening market environment
Headline financials
Revenue & EPS history
Fortune Brands · Revenue · Quarterly
$2.05B
Revenue by segment
Fortune Brands · $1.76B total across 3 segments · Q3 2022
- Water$635M—36.2%
- Outdoors$560M+6.1%31.9%
- Security$560M—31.9%
Forward guidance
The Company now anticipates delivering 2022 full-year sales growth in the range of 4.5 percent to 5.5 percent relative to a global home products market growing at 2 percent to 4 percent and a U.S. home products market growing at 3 percent to 5 percent. The Company now expects EPS before charges / gains for the full year to be in the range of $6.20 to $6.30. The Company now expects to generate free cash flow of approximately $400 million to $450 million.
Tailwinds
- Delivering 2022 full-year sales growth in the range of 4.5 percent to 5.5 percent
- Global home products market growing at 2 percent to 4 percent
- U.S. home products market growing at 3 percent to 5 percent
- EPS before charges / gains for the full year to be in the range of $6.20 to $6.30
- Generate free cash flow of approximately $400 million to $450 million
Headwinds
- Increasing headwinds in response to slowing new construction
- Increasing headwinds in response to slowing R&R activity
- Greater than expected channel inventory reductions
- Softer market in 2023
- Housing affordability weighed on the consumer
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 2022
-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
| Quarter | Report date | Reaction (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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