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Fortune Brands Innovations, Inc. (FBIN) is a leading company specializing in home, security, and commercial building products. It operates through three main business segments, offering innovative solutions for water management, outdoor living, and security needs. FBIN's portfolio includes a diverse range of products designed to enhance homes and buildings globally.
- Water - Manufactures faucets, kitchen sinks, waste disposals, water filtration systems, and smart home products under brands like Moen, ROHL, Riobel, Victoria+Albert, Perrin & Rowe, and SpringWell.
- Outdoors - Produces fiberglass and steel entry door systems, composite decking, railing, cladding, and outdoor enclosures through brands such as Therma-Tru, Larson, Fiberon, Fypon, and Solar Innovations.
- Security - Offers locks, safety devices, electronic security products, fire-resistant safes, and connected smart home locks under brands like Master Lock, American Lock, Yale, August, and SentrySafe.
- How will you manage the ramp-up in digital business growth to ensure a smooth transition from the 100bps impact in H1 to the targeted 150bps additive growth across the full year, particularly in Q1 versus later quarters?
- With Security margins under pressure due to issues like the third-party software outage and ongoing destocking, what specific initiatives will you implement to restore above-market core growth and improve margin performance?
- Given the reduced CapEx outlook now approaching maintenance levels, could you elaborate on how your recent capacity investments and facility openings will drive sustainable growth alongside achieving your longer-term 2%-3% of sales target?
- In light of the exposure to tariffs and the initiatives to reduce China cost exposure below 10%, what concrete strategies are you deploying to manage incremental tariff impacts in Mexico and Canada, and how will these strategies translate into pricing and supply chain adjustments?
- Considering the sequential headwinds expected from inventory adjustments and non-recurring items impacting margins in Q1, can you clarify how these factors will influence operating margins throughout the year and what measures are in place to sustain margin expansion beyond these one-time effects?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
This competitor operates in the Water segment, manufacturing and selling faucets, accessories, kitchen sinks, and waste disposals, competing on innovation, quality, price, and service responsiveness. | |
Kohler | This competitor is part of the Water segment, focusing on faucets, accessories, kitchen sinks, and waste disposals, and competes on innovation, quality, price, and service responsiveness. |
LIXIL Group | This competitor is involved in the Water segment, offering products such as faucets, accessories, kitchen sinks, and waste disposals, competing on innovation, quality, price, and service responsiveness. |
InSinkErator | Owned by Whirlpool Corporation, this competitor operates in the Water segment, specializing in waste disposals and competing on innovation, quality, price, and service responsiveness. |
This competitor is part of the Water segment, competing in faucets, accessories, kitchen sinks, and waste disposals, focusing on innovation, quality, price, and service responsiveness. | |
Hgill | This competitor operates in the Water segment, focusing on faucets, accessories, kitchen sinks, and waste disposals, and competes on innovation, quality, price, and service responsiveness. |
Jomoo | This competitor is involved in the Water segment, offering products such as faucets, accessories, kitchen sinks, and waste disposals, competing on innovation, quality, price, and service responsiveness. |
Masonite | This competitor operates in the Outdoors segment, manufacturing fiberglass and steel entry door systems, storm, screen, and security doors, and competes on innovation, quality, price, and service responsiveness. |
This competitor is part of the Outdoors segment, focusing on entry door systems, storm, screen, and security doors, and competes on innovation, quality, price, and service responsiveness. | |
Andersen | This competitor operates in the Outdoors segment, specializing in entry door systems, storm, screen, and security doors, and competes on innovation, quality, price, and service responsiveness. |
This competitor is involved in the Outdoors segment, offering composite decking, railing, and cladding products, competing on innovation, quality, price, and service responsiveness. | |
This competitor operates in the Outdoors segment, focusing on composite decking, railing, and cladding products, and competes on innovation, quality, price, and service responsiveness. | |
Plastpro | This competitor is part of the Outdoors segment, specializing in entry door systems, storm, screen, and security doors, and competes on innovation, quality, price, and service responsiveness. |
Pella | This competitor operates in the Outdoors segment, manufacturing entry door systems, storm, screen, and security doors, and competes on innovation, quality, price, and service responsiveness. |
Abus | This competitor operates in the Security segment, specializing in locks, safety, and security devices, competing on innovation, quality, price, and service responsiveness. |
This competitor is part of the Security segment, focusing on locks, safety, and security devices, and competes on innovation, quality, price, and service responsiveness. | |
Hampton | This competitor operates in the Security segment, specializing in locks, safety, and security devices, competing on innovation, quality, price, and service responsiveness. |
Kwikset | This competitor is part of the Security segment, focusing on locks, safety, and security devices, and competes on innovation, quality, price, and service responsiveness. |
Schlage | This competitor operates in the Security segment, specializing in locks, safety, and security devices, competing on innovation, quality, price, and service responsiveness. |
First Alert | This competitor is involved in the Security segment, offering fire-resistant safes, security containers, and commercial cabinets, competing on innovation, quality, price, and service responsiveness. |
Magnum | This competitor operates in the Security segment, focusing on fire-resistant safes, security containers, and commercial cabinets, and competes on innovation, quality, price, and service responsiveness. |
Fortress | This competitor is part of the Security segment, specializing in fire-resistant safes, security containers, and commercial cabinets, and competes on innovation, quality, price, and service responsiveness. |
Stack-On | This competitor operates in the Security segment, manufacturing fire-resistant safes, security containers, and commercial cabinets, and competes on innovation, quality, price, and service responsiveness. |
Fire King | This competitor is involved in the Security segment, offering fire-resistant safes, security containers, and commercial cabinets, competing on innovation, quality, price, and service responsiveness. |
Recent press releases and 8-K filings for FBIN.
- Jonathan Baksht has been appointed as Executive Vice President and Chief Financial Officer, effective May 5, 2025.
- The company will release its Q1 2025 financial results after market close on May 6, 2025, followed by an investor conference call.
- Baksht brings extensive CFO experience from his previous roles at Pactiv Evergreen and Valaris, positioning him to drive the company’s financial strategy.
- Q4 Financial Performance: Net sales of $1.1 billion (down 5%), operating margins between 16.1% and 16.4% , with EPS at $0.98 (up 3%) .
- Full-Year 2024 Highlights: Net sales flat at $4.6 billion, EPS increased to $4.12, and free cash flow reached approximately $475 million .
- Share Repurchase: The Board approved a new $1 billion share repurchase authorization .
- Cash Flow Strength: Delivered strong operating and free cash flow performance for both Q4 and full-year 2024 .
- Strategic Initiatives & Outlook: Emphasizing portfolio optimization, digital transformation (e.g., the Flo platform), plans for a new headquarters, and streamlined leadership to drive growth in 2025 .
- Consolidates its U.S. regional offices into a single, state-of-the-art headquarters in Deerfield, Illinois to accelerate innovation and digital solutions.
- Simplifies its executive leadership structure by eliminating the Group President role and creating new direct reporting lines, enhancing operational efficiency.
- Reassigns CFO Dave Barry as President, Security and Connected Products, reinforcing leadership for both legacy security and digital business streams.