Latest news with #FortuneBrands
Globe and Mail
17-07-2025
- Business
- Globe and Mail
Fortune Brands Sets Date for Second Quarter Earnings Announcement and Investor Conference Call
Fortune Brands Innovations, Inc. (NYSE: FBIN or 'Fortune Brands' or the 'Company'), an industry-leading home, security and digital products company whose purpose is to elevate every life by transforming spaces into havens, will release second quarter 2025 financial results after the market close on Thursday, July 31, 2025. At 5:00 p.m. ET, Chief Executive Officer Nicholas Fink, Chief Financial Officer Jon Baksht, and Vice President of Finance and Investor Relations Curt Worthington, will host a conference call to discuss second quarter 2025 results. A live internet audio webcast of the conference call will be available on the Fortune Brands website at It is recommended that listeners log on at least 10 minutes prior to the start of the call. A recorded replay of the call will be made available on the Company's website shortly after the call has ended. About Fortune Brands Innovations Fortune Brands Innovations, Inc. is an industry-leading home, security and digital products company whose purpose is to elevate every life by transforming spaces into havens. The Company is a brand, innovation and channel leader focused on exciting, supercharged categories in the home products, security and commercial building markets. The Company's portfolio of brands includes Moen, House of Rohl, Aqualisa, SpringWell, Therma-Tru, Larson, Fiberon, Master Lock, SentrySafe and Yale residential. Fortune Brands is headquartered in Deerfield, Illinois and trades on the NYSE as FBIN. To learn more, visit
Yahoo
24-06-2025
- Business
- Yahoo
Q1 Rundown: Masco (NYSE:MAS) Vs Other Home Construction Materials Stocks
As the Q1 earnings season comes to a close, it's time to take stock of this quarter's best and worst performers in the home construction materials industry, including Masco (NYSE:MAS) and its peers. Traditionally, home construction materials companies have built economic moats with expertise in specialized areas, brand recognition, and strong relationships with contractors. More recently, advances to address labor availability and job site productivity have spurred innovation that is driving incremental demand. However, these companies are at the whim of residential construction volumes, which tend to be cyclical and can be impacted heavily by economic factors such as interest rates. Additionally, the costs of raw materials can be driven by a myriad of worldwide factors and greatly influence the profitability of home construction materials companies. The 12 home construction materials stocks we track reported a satisfactory Q1. As a group, revenues were in line with analysts' consensus estimates. While some home construction materials stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 1.4% since the latest earnings results. Headquartered just outside of Detroit, MI, Masco (NYSE:MAS) designs and manufactures home-building products such as glass shower doors, decorative lighting, bathtubs, and faucets. Masco reported revenues of $1.80 billion, down 6.5% year on year. This print fell short of analysts' expectations by 2%. Overall, it was a disappointing quarter for the company with a significant miss of analysts' adjusted operating income estimates. 'During the first quarter, we delivered solid adjusted operating profit margin of 16.0 percent and adjusted earnings per share of $0.87, and we returned $196 million to shareholders through dividends and share repurchases,' said Masco President and CEO, Keith Allman. The market was likely pricing in the results, and the stock is flat since reporting. It currently trades at $61.79. Read our full report on Masco here, it's free. Aiming to build safer and stronger buildings, Simpson (NYSE:SSD) designs and manufactures structural connectors, anchors, and other construction products. Simpson reported revenues of $538.9 million, up 1.6% year on year, outperforming analysts' expectations by 2%. The business had an exceptional quarter with a solid beat of analysts' EBITDA estimates and an impressive beat of analysts' EPS estimates. The market seems content with the results as the stock is up 2.8% since reporting. It currently trades at $157.80. Is now the time to buy Simpson? Access our full analysis of the earnings results here, it's free. Targeting a wide customer base of residential and commercial customers, Fortune Brands (NYSE:FBIN) makes plumbing, security, and outdoor living products. Fortune Brands reported revenues of $1.03 billion, down 6.9% year on year, falling short of analysts' expectations by 2.8%. It was a softer quarter as it posted a miss of analysts' organic revenue estimates and a slight miss of analysts' EBITDA estimates. As expected, the stock is down 2.4% since the results and currently trades at $51.44. Read our full analysis of Fortune Brands's results here. Founded in the 1960s as a general wood-making company, JELD-WEN (NYSE:JELD) manufactures doors, windows, and other related building products. JELD-WEN reported revenues of $776 million, down 19.1% year on year. This number surpassed analysts' expectations by 0.8%. It was an exceptional quarter as it also recorded a solid beat of analysts' organic revenue estimates and an impressive beat of analysts' adjusted operating income estimates. JELD-WEN had the slowest revenue growth among its peers. The stock is down 30.2% since reporting and currently trades at $3.91. Read our full, actionable report on JELD-WEN here, it's free. Initially in the defense industry, Griffon (NYSE:GFF) is a now diversified company specializing in home improvement, professional equipment, and building products. Griffon reported revenues of $611.7 million, down 9.1% year on year. This result missed analysts' expectations by 1%. Taking a step back, it was still a strong quarter as it put up an impressive beat of analysts' EBITDA estimates and a solid beat of analysts' EPS estimates. The stock is up 4.4% since reporting and currently trades at $70.73. Read our full, actionable report on Griffon here, it's free. Thanks to the Fed's series of rate hikes in 2022 and 2023, inflation has cooled significantly from its post-pandemic highs, drawing closer to the 2% goal. This disinflation has occurred without severely impacting economic growth, suggesting the success of a soft landing. The stock market thrived in 2024, spurred by recent rate cuts (0.5% in September and 0.25% in November), and a notable surge followed Donald Trump's presidential election win in November, propelling indices to historic highs. Nonetheless, the outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. The path forward holds both optimism and caution as new policies take shape. Want to invest in winners with rock-solid fundamentals? Check out our 9 Best Market-Beating Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.
Yahoo
05-06-2025
- Business
- Yahoo
A Look Back at Home Construction Materials Stocks' Q1 Earnings: Fortune Brands (NYSE:FBIN) Vs The Rest Of The Pack
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let's take a look at how home construction materials stocks fared in Q1, starting with Fortune Brands (NYSE:FBIN). Traditionally, home construction materials companies have built economic moats with expertise in specialized areas, brand recognition, and strong relationships with contractors. More recently, advances to address labor availability and job site productivity have spurred innovation that is driving incremental demand. However, these companies are at the whim of residential construction volumes, which tend to be cyclical and can be impacted heavily by economic factors such as interest rates. Additionally, the costs of raw materials can be driven by a myriad of worldwide factors and greatly influence the profitability of home construction materials companies. The 11 home construction materials stocks we track reported a mixed Q1. As a group, revenues were in line with analysts' consensus estimates. While some home construction materials stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 2.2% since the latest earnings results. Targeting a wide customer base of residential and commercial customers, Fortune Brands (NYSE:FBIN) makes plumbing, security, and outdoor living products. Fortune Brands reported revenues of $1.03 billion, down 6.9% year on year. This print fell short of analysts' expectations by 2.8%. Overall, it was a softer quarter for the company with a miss of analysts' organic revenue estimates and a slight miss of analysts' EBITDA estimates. The stock is down 3.2% since reporting and currently trades at $51.03. Read our full report on Fortune Brands here, it's free. Aiming to build safer and stronger buildings, Simpson (NYSE:SSD) designs and manufactures structural connectors, anchors, and other construction products. Simpson reported revenues of $538.9 million, up 1.6% year on year, outperforming analysts' expectations by 2%. The business had an exceptional quarter with a solid beat of analysts' EBITDA estimates and an impressive beat of analysts' EPS estimates. The market seems content with the results as the stock is up 3.6% since reporting. It currently trades at $159.01. Is now the time to buy Simpson? Access our full analysis of the earnings results here, it's free. Headquartered just outside of Detroit, MI, Masco (NYSE:MAS) designs and manufactures home-building products such as glass shower doors, decorative lighting, bathtubs, and faucets. Masco reported revenues of $1.80 billion, down 6.5% year on year, falling short of analysts' expectations by 2%. It was a disappointing quarter as it posted a significant miss of analysts' adjusted operating income estimates. Interestingly, the stock is up 3.3% since the results and currently trades at $63.36. Read our full analysis of Masco's results here. Starting as a small millwork shop, American Woodmark (NASDAQ:AMWD) is a cabinet manufacturing company that helps customers from inspiration to installation. American Woodmark reported revenues of $400.4 million, down 11.7% year on year. This number came in 6.6% below analysts' expectations. Overall, it was a softer quarter as it also logged full-year EBITDA guidance missing analysts' expectations. American Woodmark had the weakest performance against analyst estimates among its peers. The stock is down 1.3% since reporting and currently trades at $55.84. Read our full, actionable report on American Woodmark here, it's free. Initially in the defense industry, Griffon (NYSE:GFF) is a now diversified company specializing in home improvement, professional equipment, and building products. Griffon reported revenues of $611.7 million, down 9.1% year on year. This result missed analysts' expectations by 1%. Aside from that, it was a strong quarter as it recorded a solid beat of analysts' EBITDA estimates and an impressive beat of analysts' EPS estimates. The stock is up 2.5% since reporting and currently trades at $69.43. Read our full, actionable report on Griffon here, it's free. As a result of the Fed's rate hikes in 2022 and 2023, inflation has come down from frothy levels post-pandemic. The general rise in the price of goods and services is trending towards the Fed's 2% goal as of late, which is good news. The higher rates that fought inflation also didn't slow economic activity enough to catalyze a recession. So far, soft landing. This, combined with recent rate cuts (half a percent in September 2024 and a quarter percent in November 2024) have led to strong stock market performance in 2024. The icing on the cake for 2024 returns was Donald Trump's victory in the U.S. Presidential Election in early November, sending major indices to all-time highs in the week following the election. Still, debates around the health of the economy and the impact of potential tariffs and corporate tax cuts remain, leaving much uncertainty around 2025. Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Fast Company
02-06-2025
- Business
- Fast Company
This company asked most corporate employees to relocate to Chicago. The majority declined
In January, Fortune Brands Innovations, whose portfolio includes home and security brands such as Moen and Master Lock, announced it was consolidating its regional U.S. offices into one state-of-the-art campus in Deerfield, Illinois. As part of that effort, they are requiring the majority of corporate employees to move to the Chicago suburb. When asked to relocate, most of these employees declined—but the company said it expected that, and in a conversation about the transition, CEO Nicholas Fink framed the changes ahead as a positive for the company. He added that while many opted out of relocation, the company still exceeded industry benchmarks for the number of people who said 'yes' to the move. 'To be candid, it's a big change for a lot of people,' says Fink, who declined to share more specific figures. 'There are people who are committed to their communities and their families and aren't interested in a move. . . . And then there are people who are very excited to be a part of this.' The company asked employees from eight sites across the U.S., as well as some remote employees, to relocate. It will eventually ask employees from a ninth site to relocate as well. The company's manufacturing facilities, distribution centers, and international sites, as well as its digital-focused San Francisco office, will remain open. The extended deadline for Fast Company's Brands That Matter Awards is this Friday, June 6, at 11:59 p.m. PT. Apply today.
Yahoo
22-05-2025
- Business
- Yahoo
Fortune Brands, Whirlpool, Align Technology, Tandem Diabetes, and STAAR Surgical Shares Plummet, What You Need To Know
A number of stocks fell in the afternoon session after the major indices pulled back (Nasdaq -1.3%, S&P 500 - 1.4%) as Treasury yields rose, reflecting market anxiety over a draft federal budget that could worsen the already wide US fiscal deficit. A poor auction for 20-year U.S. Treasury bonds further raised concerns, as weak demand implies investors are becoming more cautious about holding long-dated U.S. debt. As a reminder, the driver of a stock's value is the sum of its future cash flows discounted back to today. With lower interest rates (yields), investors can apply higher valuations to their stocks; when yields rise, that math works in reverse. Adding to the cautious mood were earnings results from retail giants Target and Lowe's, both of which reported weak earnings that missed expectations, pointing to a potential slowdown in consumer spending and further weighing on sentiment. Lastly, some influential voices such as Jamie Dimon (JPMorgan) and Steve Cohen (Point72) have made cautious comments about market, which can sometimes become self-fulfilling prophecies as investors increase their cautiousness and skittishness. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Home Construction Materials company Fortune Brands (NYSE:FBIN) fell 5.4%. Is now the time to buy Fortune Brands? Access our full analysis report here, it's free. Electrical Systems company Whirlpool (NYSE:WHR) fell 5.5%. Is now the time to buy Whirlpool? Access our full analysis report here, it's free. Dental Equipment & Technology company Align Technology (NASDAQ:ALGN) fell 5.4%. Is now the time to buy Align Technology? Access our full analysis report here, it's free. Healthcare Technology for Patients company Tandem Diabetes (NASDAQ:TNDM) fell 8.2%. Is now the time to buy Tandem Diabetes? Access our full analysis report here, it's free. Medical Devices & Supplies - Specialty company STAAR Surgical (NASDAQ:STAA) fell 5.4%. Is now the time to buy STAAR Surgical? Access our full analysis report here, it's free. Tandem Diabetes's shares are extremely volatile and have had 31 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. Tandem Diabetes is down 39.5% since the beginning of the year, and at $21.70 per share, it is trading 59.4% below its 52-week high of $53.43 from May 2024. Investors who bought $1,000 worth of Tandem Diabetes's shares 5 years ago would now be looking at an investment worth $247.63. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
