NYSE$FBIN
Fortune Brands Innovations Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Fortune Brands delivered solid sales and margin performance with strong cash generation.
Fortune Brands Innovations reported a 3% increase in Q4 2023 sales, reaching $1.2 billion. EPS decreased by 35% to $0.64, while EPS before charges/gains decreased by 11% to $0.95.
- Q4 2023 sales were $1.2 billion, an increase of 3 percent over Q4 2022.
- Organic sales excluding the impact of the non-reoccurring 53rd week and FX were $1.1 billion, a decrease of 3 percent versus Q4 2022
- Q4 2023 earnings per share (EPS) were $0.64, a decrease of 35 percent versus a year ago
- Company announces new $650 million share repurchase authorization reflecting confidence in outlook and commitment to driving long-term shareholder value
Headline financials
Revenue & EPS history
Fortune Brands · Revenue · Quarterly
$1.16B
Revenue by segment
Fortune Brands · $1.26B total across 3 segments · Q3 2023
- Water$688M+8.3%54.6%
- Outdoors$366M-34.6%29.1%
- Security$207M-63.1%16.4%
Forward guidance
Full year 2024 financial guidance reflects expectation of outperformance as the company executes strategy of growing the core and accelerating connected products, and the defined pathway toward margin growth.
Tailwinds
- Net sales 3.5% to 5.5%
- Operating margin before charges / gains 16.5% to 17.5%
- EPS before charges / gains $4.20 to $4.40
- Cash flow from operations Around $720 million
- Free cash flow Around $520 million
Headwinds
- Global market -3% to 0%
- U.S. market -2% to 0%
- U.S. R&R -4% to -2%
- China market -9% to -7%
- Net sales [organic] -1% to 1%
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 Q4 2023
-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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