What is the market's earnings forecast for Fortune Brands next quarter?

What is Fortune Brands's gross profit margin?

Did Fortune Brands beat or miss consensus estimates last quarter?

What is the revenue and EPS growth rate for Fortune Brands year over year?

What factors drove the changes in Fortune Brands's revenue and profit?

What does Fortune Brands do and what are its main business segments?

What guidance did Fortune Brands's management provide for the next earnings period?

What were the key takeaways from Fortune Brands's earnings call?

- **Revenue Resilience**: 2025 ex-China sales down 1%, Q4 point-of-sale outperformed market by 300bps.
- **Margin Reset**: 2026 operating margin 14.5-15.5% (vs. 15.7% in 2025), driven by $35M cost savings and tariff roll-over.
- **Leadership Transition**: Amit Banati appointed CEO, leveraging consumer-branded expertise to drive transformation.
- **Digital Growth**: Flo subscription launch, Yale Matter locks up 50% QoQ growth in Q4.
- **Tariff Headwinds**: 2026H1 P&L pressure from 2025 underabsorption, 2026H2 normalization expected.

**【CEO Summary Section】**
- **Revenue Performance**: Full year 2025 revenue was $4.5 billion (-3% YoY), with Q4 revenue at $1.1 billion (-2% YoY). Excluding China, Q4 sales were flat, reflecting market outperformance across segments.
- **Profitability Reset**: Announced $35 million annualized operating income savings by end-2026, excluding from 2026 guidance. Margins in Outdoors segment declined 400 bps YoY to 14.2%, with plans to return to 2024 levels.
- **Leadership Transition**: CEO Nick Fink stepping down in May 2026, succeeded by Amit Banati, Board member with consumer-branded experience.
- **Tariff Mitigation**: 2025 tariffs fully offset via pricing, but impacting 2026 margins through first-half P&L roll-over.

**【CFO Financial Commentary】**
- **Financial Highlights**: 2025 GAAP EPS $3.61 (-12% YoY), Q4 EPS $0.86 (-12% YoY). Free cash flow $367 million (120% conversion), with 2026 guidance of $400-450 million.
- **2026 Outlook**: Flat to +2% revenue growth, 14.5-15.5% operating margin (vs. 15.7% in 2025). Guidance excludes potential market recovery.
- **Balance Sheet Strength**: Net debt $2.3 billion (2.6x EBITDA), with $1.1 billion liquidity.
- **Cost Initiatives**: $80 million incremental SG&A in 2026 for brand investments and restructuring.

**【Q&A Highlights】**
- **Outdoors Margin Recovery**: 2024 levels targeted, with $35M savings initiatives underway.
- **Digital Portfolio Growth**: Flo subscription service launched, Yale Matter locks up 50% QoQ growth.
- **Tariff Impact Timing**: 2026H1 P&L pressure from 2025 underabsorption, with 2026H2 normalization.
- **China Strategy**: 2025 China sales <5% of total, 2026 guidance assumes low double-digit market decline.


Fortune Brands Innovations, Inc. (FBIN) Q4 2025 Earnings Call Transcript

- **Revenue Resilience**: Flat Q3 revenue ($1.1B) with 1% growth excluding China, outperforming market by 200 basis points.
- **Digital Breakthrough**: Digital portfolio nearing $300M annualized, Flow's leak protection service driving subscription growth.
- **Tariff Mitigation Success**: Fully offset 2025 tariffs, 2026 impact reduced to $200M via supply chain and pricing.
- **Segment Strength**: Water (+1% e-commerce), Outdoors (House of Rohl up low double digits), Security (Master Lock engagement +10%).
- **2026 Outlook**: Flat market expected, with outperformance driven by R&amp;R recovery and digital innovation.

**【CEO Summary Section】**
- **Sales Performance**: Q3 revenue was $1.1 billion, flat year-over-year, with 1% growth excluding China. Point-of-sale (POS) outperformed the market by 200 basis points, driven by strategic initiatives and brand strength.
- **Strategic Initiatives**: Completed headquarters consolidation 2 years ahead of schedule, hiring 500 associates, enhancing collaboration and execution. Digital transformation and advanced analytics enabled precise pricing and promotion strategies.
- **Market Outlook**: Despite cautious consumer sentiment, the company expects to outperform the market in 2025 and 2026, driven by housing recovery, luxury brand growth, and digital innovations like Flow's leak protection service.
- **Segment Highlights**: 
  - **Water**: Sales $619M (-3% YoY), outperforming market with strong e-commerce rebound and Flow's Connected Water growth.
  - **Outdoors**: Sales $345M (flat YoY), House of Rohl delivered low double-digit POS growth, while Fiberon saw sequential sales improvement.
  - **Security**: Sales $186M (+5% YoY), Master Lock brand engagement up double digits, Yale Smart Locks gaining traction.

**【CFO Financial Commentary】**
- **Financial Results**: Operating income $206M (-5% YoY), EPS $1.09. Free cash flow $177M, guiding to $400-420M for the year.
- **Segment Margins**: 
  - **Water**: 24.4% margin, disciplined pricing offsetting volume declines.
  - **Outdoors**: 15.5% margin, impacted by lower seasonal inventory builds.
  - **Security**: 17.8% margin, investments in R&D and marketing driving long-term growth.
- **Tariff Mitigation**: On track to fully offset 2025 and 2026 tariff impacts through supply chain optimization and pricing. China exposure reduced to ~10% of COGS.
- **Balance Sheet**: Net debt $2.4B, deleveraging to 2.7x net debt/EBITDA. Restructuring costs updated to $100-120M.

**【Q&A Highlights】**
- **Pricing Strategy**: Maintained disciplined, incremental pricing to offset tariffs, with no second-round increases planned. Focus on promotions and volume growth in 2026.
- **Digital Growth**: Digital portfolio nearing $300M annualized run rate, Flow subscription service launch poised for long-term revenue streams.
- **Margin Outlook**: 2026 guidance for flat market, with outperformance driven by R&amp;R recovery and digital initiatives. Margins expected to stabilize as volume growth resumes.
- **Tariff Impact**: 2026 annualized tariff impact reduced to ~$200M, with copper tariffs de minimis. Supply chain diversification and cost-out initiatives mitigating risks.

Fortune Brands Innovations, Inc. (FBIN) Q3 2025 Earnings Call Transcript

- **Market Leader**: Outperformed end markets by 200+ bps, gaining share in core water and outdoors categories. 
- **Digital Growth Engine**: Connected products on track for $250M+ sales, new subscription model to accelerate recurring revenue. 
- **Profitability Resilience**: 16.5% operating margin despite macro headwinds, $1.00 EPS vs. $0.95 prior year. 
- **Tariff Mitigation Success**: Fully offsetting $80M 2025 impact via supply chain, pricing, and cost-out actions. 
- **Segment Strength**: Water segment operating margin 25.6%, Security e-commerce share gains, Outdoors perfect aisle resets driving share.

**【CEO Summary Section】**
- **Market Outperformance**: Delivered 200+ basis points above-market growth, with strong share gains in water and outdoors businesses. 
- **Digital Business Momentum**: Connected products sales expected to reach $250M in 2025, with a new subscription pilot launching Q3. 
- **Tariff Mitigation**: On track to fully offset $80M 2025 tariff impact through supply chain, pricing, and cost-out actions. 
- **Water Segment Strength**: Moen brand gains share with builders and retail, House of Roll luxury business up high-single digits. 
- **Security Innovation**: New Yale Smart Lock with Google Home sees 60% website traffic growth, e-commerce channel gaining share. 

**【CFO Financial Commentary】**
- **Q2 Results**: Net sales $1.2B (-3% vs. 2024), EPS $1.00, operating margin 16.5%. 
- **Segment Margins**: 
  - Water: 25.6% (vs. 23.3% prior year) 
  - Outdoors: 12.8% (vs. 14.2% prior year) 
  - Security: 14.8% (vs. 16.4% prior year) 
- **Full Year Guidance**: 
  - Net sales flat to -2% 
  - EPS $3.75-$3.95 
  - Free cash flow ~$300M 
- **Balance Sheet**: Net debt $2.6B, leverage 2.8x, $235M cash on hand. 

**【Q&A Highlights】**
- **Connected Products**: Subscription pilot to test $300M+ run rate, 220K Q2 activations, 70%+ growth in Flow business. 
- **Tariff Strategy**: 60%+ of mitigation via supply chain, 10% China COGS, surgical pricing to preserve demand. 
- **Security Segment**: 60% website traffic growth, new retail wins in pipeline, 16.5-17.5% margin target. 
- **China Risk**: Water segment China sales -2% vs. 2024, managed to 0 EPS impact through cost control. 
- **2026 Outlook**: Digital business to exceed $300M, 1HQ transition complete, tariff mitigation framework proven.

Fortune Brands Innovations (FBIN)-31 Jul 25-2025 Q2 Earnings call transcript

- **Tariff Mitigation Success**: Full offset of $200M 2025 tariff impact via strategic pricing (+5-7%), cost-out, and supply chain shifts. 2026 $525M impact also fully mitigated.
- **Digital Growth Engine**: Flow sales +180% YoY, 200,000 device activations, and $300M+ digital sales target on track. Subscription model trials and Yale smart lock launches driving momentum.
- **Q1 Results Resilience**: $1B revenue (-7% YoY) with margins in line amid soft demand. Digital businesses outperform core segments.
- **Balance Sheet Strength**: $340M cash, $2.6B net debt, and $970M revolver. $225M share buybacks YTD.
- **New CFO Leadership**: John Baksht's expertise and smooth transition with David Barry's strategic shift to Security & Connected Products.

**【CEO Summary Section】**
- **Tariff Mitigation Strategy**: Anticipated $200M tariff impact in 2025 to be fully offset via supply chain moves, cost-out, and pricing. 2026 annualized impact of $525M also expected to be fully mitigated.
- **Digital Business Momentum**: Flow sales up 180% YoY, 200,000 device activations in Q1, and $300M+ digital sales target for 2025. New insurance partnerships (e.g., Liberty Mutual) and subscription model trials driving growth.
- **Q1 2025 Results**: Revenue $1B (-7% YoY), EPS $0.66. Water Innovations (-10%), Outdoors (-3%), Security (-4%) due to soft demand and inventory destocking.
- **Strategic Priorities**: Headquarters consolidation to enhance collaboration, hiring top talent, and maintaining fortress balance sheet with $340M cash and $2.6B net debt.

**【CFO Financial Commentary】**
- **Financial Performance**: GAAP net income $136M, operating margin 13.1%. Non-GAAP EPS $0.66. Free cash flow negative $113M (seasonal).
- **Tariff Framework**: 2025 EPS range $3.70-$4.20 based on volume scenarios. Low single-digit volume decline (+mid-single-digit pricing) → $4.20 EPS. High single-digit decline → $3.70 EPS. Includes $0.06-$0.08 EPS impact from China cash repatriation.
- **Balance Sheet**: $340M cash, $970M revolver availability. Share buybacks $225M YTD.

**【Q&A Key Highlights】**
- **Digital Business**: Flow subscription model trials successful; 40+ regional insurance partnerships signed. Yale smart locks with Google and ADT launching Q2.
- **China Strategy**: China COGS to drop to 10% by end-2025. Business now 'China for China' with stable, non-growth expectations.
- **CFO Transition**: New CFO John Baksht brings public company experience; smooth transition with David Barry focused on Security & Connected Products.
- **Tariff Execution**: 65% of business through wholesale/retail channels allows easier price pass-through. Supply chain moves (e.g., U.S. manufacturing) to impact P&L late 2025/2026.


Fortune Brands Innovations (FBIN)-6 May 25-2025 Q1 Earnings call transcript

- **Digital Dominance**: Digital sales grew to $214M in 2024, with Flo's 100%+ YoY growth and 4.7M users. Targeting $100M annualized Flo sales in 2025.
- **Margin Expansion**: Full year 2024 operating margin 16.9% (+90bps YoY), driven by cost optimization and digital investments.
- **China Restructuring**: 30% Q4 sales decline in China, but cost structure optimized for minimal P&L impact.
- **2025 Outlook**: Flat to +3% net sales, 16.5%-17.5% operating margin, and $4.15-$4.45 EPS. Digital to contribute 150bps of growth.
- **Tariff Mitigation**: China sourcing <10% by end-2025, North American manufacturing flexibility to offset Mexico/Canada tariffs.
- **Luxury Resilience**: House of Rohl (+2% Q4 organic sales) and LARSON product resets driving high-end growth.

**【CEO Summary Section】**
- **Revenue Performance**: Q4 2024 net sales of $1.1 billion (-5% YoY), with organic sales down 1% excluding China and hurricanes. Full year 2024 sales flat at $4.6 billion, with organic sales down 2% excluding China. Digital sales grew to $214 million (Q4 2024), driven by Flo's 100%+ YoY growth.
- **Margin Expansion**: Q4 operating margin 16.4% (+60bps YoY), full year margin 16.9% (+90bps YoY). Margin improvements from cost optimization, portfolio focus, and digital investments.
- **Strategic Initiatives**: 
  - **Digital Water**: Flo's 4.7 million users, 200+ new insurance partnerships, and 100%+ POS growth. Targeting $100M annualized sales in 2025.
  - **Security Transformation**: Yale partnerships (+14 in 2024), connected lockout-tagout platform launch, and Master Lock branding campaign.
  - **China Restructuring**: 30% Q4 sales decline, but cost structure optimized for minimal P&L impact.
- **2025 Outlook**: Flat to +3% net sales, 16.5%-17.5% operating margin, and $4.15-$4.45 EPS. Digital to contribute 150bps of growth.

**【CFO Financial Commentary】**
- **Q4 2024 Results**: GAAP EPS $0.98 (+3% YoY), free cash flow $212M. Full year free cash flow $475M (100%+ cash conversion).
- **Segment Performance**: 
  - **Water**: Q4 sales $645M (-3%), operating margin 23.7%. China down 30% Q4, but core business stable.
  - **Outdoors**: Q4 sales $303M (-2%), operating margin 18.2% (+430bps YoY). LARSON product resets driving growth.
  - **Security**: Q4 sales $157M (-17%), operating margin 9.3%. Software outage and destocking impacted results.
- **2025 Guidance**: 
  - **Sales**: Flat to +3% (Water: +4%, Outdoors: +3%, Security: +3%).
  - **Margins**: 16.5%-17.5% operating margin, 115%-125% free cash flow conversion.
  - **Tariffs**: China exposure <10% by end-2025, Mexico/Canada strategies to mitigate impact.

**【Q&A Highlights】**
- **Digital Growth**: Flo targeting $100M annualized sales in 2025, with 150bps of total company sales contribution. Connected Security partnerships to drive recurring revenue.
- **Tariff Mitigation**: China sourcing <10% by end-2025, North American manufacturing flexibility to offset Mexico/Canada tariffs.
- **Core Business**: 50bps above-market growth from core (excluding digital), driven by innovation and branding. Security margin recovery expected with new products and partnerships.
- **Market Outlook**: 2025 U.S. housing market -2% to +2%, with R&R and new construction stabilization. Consumer caution persists, but high-end luxury (House of Rohl) and digital products show resilience.

Actual																0.6922	0.8033	1.017	1.0683	1.1623	1.3332	1.2734	1.1281	1.1452	1.4272	1.5297	1.07	0.69	1.07	1.19	0.95	0.83	1.16	1.16	0.98	0.66	1	1.09	0.86
Forecast																0.5731	0.5196	0.9057	0.9999	0.8975	1.187	1.1834	1.1038	1.0755	1.3716	1.4767	1.475	0.5943	1.0293	1.113	0.9286	0.7476	1.1208	1.1453	1.0511	0.6559	0.9649	1.1031	0.9936
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+20.78%	+54.60%	+12.29%	+6.84%	+29.50%	+12.32%	+7.61%	+2.20%	+6.48%	+4.05%	+3.59%	-27.46%	+16.10%	+3.95%	+6.92%	+2.30%	+11.02%	+3.50%	+1.28%	-6.76%	+0.63%	+3.64%	-1.19%	-13.45%

Actual	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	1.40B	1.38B	1.65B	1.66B	1.77B	1.94B	1.99B	1.96B	1.92B	2.11B	2.05B	1.13B	1.04B	1.16B	1.26B	1.16B	1.11B	1.24B	1.16B	1.10B	1.03B	1.20B	1.15B	1.08B
Forecast	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	1.37B	1.30B	1.53B	1.62B	1.64B	1.89B	1.94B	1.93B	1.88B	2.06B	2.09B	1.95B	1.01B	1.17B	1.25B	1.14B	1.08B	1.28B	1.24B	1.15B	1.07B	1.19B	1.18B	1.14B
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+2.55%	+5.47%	+8.08%	+2.51%	+8.13%	+2.32%	+2.15%	+1.90%	+1.72%	+2.63%	-1.52%	-41.86%	+2.89%	-0.46%	+0.53%	+1.81%	+2.71%	-3.13%	-6.95%	-3.66%	-3.10%	+0.83%	-2.29%	-5.17%

FBIN

FBIN fundamentals

FBIN Q4 2025 Earnings

Earnings Call

You can ask Aime

FBIN

FBIN fundamentals

FBIN Q4 2025 Earnings

Earnings Call

FBIN Earnings Call Summary for Q4/20255:00 PM on Feb 12, 2026

FBIN Earnings Call Summary for Q3/20255:00 PM on Oct 30, 2025

FBIN Earnings Call Summary for Q2/20255:00 PM on Jul 31, 2025

FBIN Earnings Call Summary for Q1/20255:00 PM on May 6, 2025

FBIN Earnings Call Summary for Q4/20245:00 PM on Feb 6, 2025

You can ask Aime