财务数据和关键指标变化 - 第二季度销售额为12亿美元,同比增长7%,剔除收购影响后有3%的有机销售下降 [13] - 剔除中国市场,有机销售增长1% [13] - 营业利润增长9%,营业利润率提升40个基点至17.4% [15] - 每股收益为1.16美元,同比增长8% [15] 各条业务线数据和关键指标变化 水创新业务 - 销售额增长7%,剔除收购影响后下降5%,剔除中国市场有机销售增长低个位数 [78] - 美国Moen业务有中单位数有机销售增长,零售销售增长中单位数 [52][53] - 豪华品牌House of Rohl销售基本持平,市场下降中单位数 [54] - Flo智能水监测和关闭设备零售和电商销售增长130% [56] - 中国销售下降超过35% [57] 户外业务 - 销售增长4%,营业利润率提升420个基点 [58][60] - Therma-Tru门窗和Fiberon木塑地板销售增长中单位数 [60][61] 安全业务 - 销售增长12%,有机销售下降7%,主要由于零售和电商疲软 [63][64] - 营业利润率提升330个基点至18.9% [65] - 数字安全产品销售占比接近20% [69] 各个市场数据和关键指标变化 - 美国单户新建住宅市场预计2024年增长8-10%,开工增长高个位数,竣工增长低个位数 [91] - 美国装修改造市场预计下降4-3% [91] - 中国市场预计下降15-20% [91] 公司战略和发展方向及行业竞争 - 公司聚焦核心业务和加速数字产品发展,取得了良好的销售和利润表现 [12][70] - 数字产品业务预计2024年下半年将为公司带来150个基点的有机销售增长,未来有望超过10亿美元销售 [18][19] - 公司与保险公司、加州水务局等达成多项战略合作,加速Flo智能水监测设备的推广 [20-30] - 公司收购Yale和August后,正在加快数字安全产品的转型和发展 [67-69] - 公司正在优化业务结构,加大对高增长领域的投资,同时提升敏捷性和效率 [50][70] 管理层对经营环境和未来前景的评论 - 宏观经济环境仍存在不确定性,但公司有信心在当前动荡的市场中表现出色 [43][71] - 公司品牌和创新优势有助于在当前环境中表现良好,单户新建和豪华市场仍是增长动力 [44-46][49] - 装修改造市场有望逐步企稳,但短期内仍将保持动态 [46-48] - 中国市场持续疲软,但公司已重塑业务,未来有望恢复增长 [48][49] 其他重要信息 - 公司2024年全年销售增长2.5-4.5%,有机销售下降2%至持平,营业利润率17-17.5% [93-94] - 公司将继续优化成本结构,同时加大对数字产品等重点领域的投资 [94-95] - 公司资产负债表稳健,2024年底净负债率预计约2.25倍 [87] - 公司2024年第三季度销售预计下降2.5%,第四季度增长3%,其中数字产品带来约200个基点增长 [96-97] 问答环节重要的提问和回答 问题1 **Susan Maklari 提问** 询问数字产品业务的具体发展情况和对利润的影响 [102-104] **Nicholas Fink 和 David Barry 回答** - 数字产品业务2024年下半年有望带来150个基点的有机销售增长,未来有望超过10�亿美元销售 [103-104] - 数字产品业务毛利率较高,有利于公司整体利润率提升 [105] 问题2 **Adam Baumgarten 提问** 询问安全业务利润率在下半年的变化趋势 [110-111] **David Barry 和 Nicholas Fink 回答** - 安全业务利润率在下半年可能会有一定波动,公司将继续投资于Master Lock和Yale/August品牌 [111-112] - 公司的目标是将安全业务打造成一个高增长的平台,利润率的波动是为了实现这一目标 [112] 问题3 **Matthew Bouley 提问** 询问户外业务利润率改善的原因,以及安全业务销售下调的原因 [125-126] **David Barry 和 Nicholas Fink 回答** - 户外业务利润率改善主要由于产品组合改善和生产效率提升 [126] - 安全业务销售下调主要是由于零售和电商渠道的销售疲软,但下半年有望恢复 [126-127]

For the quarter ended June 2024, Fortune Brands Innovations (FBIN) reported revenue of $1.24 billion, up 6.6% over the same period last year. EPS came in at $1.16, compared to $1.07 in the year-ago quarter. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Here is how Fortune Brands Innovations performed in the just repor ...

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Another stock from the same industry, Haverty Furniture (HVT) , has yet to report results for the quarter ended June 2024. Fortune Brands Innovations (FBIN) came out with quarterly ear ...

This maker of products for the home, like faucets, cabinets, windows and doors has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 5.68%. Price and EPS Surprise Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combinati ...

FBIN is optimistic about the strategic move as it believes that this partnership will bring in top-tier connected solutions that will aid in increasing safety, improving efficiency and enhancing compliance at a global level. The partnership should help in transforming workplaces from mechanical to cLOTO and expand the reach for these solutions in the global market. LOTO solutions help improve workers' safety by preventing potentially dangerous equipment from releasing hazardous energy. Inorganic Growth Init ...

monsitj Investment Thesis Fortune Brands Innovations, Inc. (NYSE:FBIN) has good revenue and margin growth prospects. The company's revenue growth should benefit from an increased level of housing completions given the healthy housing start levels in the back half of last year. In addition, the company is also focused on enhancing its product portfolio with consistent innovations within connected offerings like FLO Smart Water Monitor and Shutoffs, Connected sprinklers, and Smart Locks. These offerings are g ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find compa ...

财务数据和关键指标变化 - 第一季度销售额为11亿美元,同比增长7%,剔除收购影响后有3%的有机销售下降 [50] - 营业利润增长22%,营业利润率提升200个基点至15.1% [50] - 每股收益增长20%至0.83美元 [50] 各条业务线数据和关键指标变化 水创新业务 - 销售额增长5%,剔除收购影响后有7%的有机销售下降 [52] - 中国销售额中单位数下降,剔除汇率影响后小幅增长 [52] - 营业利润增长10%,营业利润率提升100个基点至22.6% [53] 户外业务 - 销售额增长9%,门窗和Fiberon批发渠道表现强劲 [54][55] - 营业利润增长150%,营业利润率提升680个基点至12% [56] 安全业务 - 销售额增长9%,有机销售下降8%,受到消费疲软和渠道去库存影响 [57] - 营业利润增长22%,营业利润率提升170个基点至15.7% [57] 各个市场数据和关键指标变化 - 美国新房建设开工和许可证活跃,但完工进度仍然滞后 [21][22] - 装修改造市场预计2024年下降2%-4% [23][24] - 中国市场从投机性新建向装修改造转型,公司正在积极应对 [26][27] 公司战略和发展方向 - 聚焦核心业务和加速数字化产品,提升运营效率和投资回报 [7][9] - 通过收购SpringWell进军4亿美元的家用水过滤和水质市场 [10] - 加强品牌、创新和渠道领导力,提升市场份额和盈利能力 [28][29] 管理层对经营环境和未来前景的评论 - 尽管宏观环境动荡,但公司有信心实现全年业绩目标 [46][64] - 新房建设和装修改造市场需求依然强劲,公司产品有望持续受益 [18][20][23] - 中国市场从新建向装修改造转型,公司正在积极应对并寻找新的增长机会 [26][27] 问答环节重要的提问和回答 问题1 **John Lovallo 提问** 询问公司整合和协同效应的进展情况 [69][70][71][72] **Nick Fink 回答** - 公司运营模式的重新设计提升了效率和协同,如品牌和创新整合、数字化连接产品团队的整合等 [70][71][72] - 这些举措加快了公司的增长动能 [70][71][72] 问题2 **Phil Ng 提问** 询问公司的销售情况,特别是4月份的趋势 [88][89][90] **Nick Fink 和 Dave Barry 回答** - 4月份零售和电商销售有所改善,但整体市场仍然动荡 [88][89][90] - 新房建设相关渠道销售保持增长,装修改造市场仍有波动 [89][90] 问题3 **Stephen Kim 提问** 询问新水设施启动对利润率的影响 [108][109] **Dave Barry 回答** - 新设施启动将在第二季度带来25-50个基点的利润率压力 [108] - 公司正在积极优化供应链和库存,以提升整体运营效率 [122][123]

Fortune Brands Innovations (FBIN) reported $1.11 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 6.7%. EPS of $0.83 for the same period compares to $0.69 a year ago.The reported revenue represents a surprise of +2.16% over the Zacks Consensus Estimate of $1.09 billion. With the consensus EPS estimate being $0.76, the EPS surprise was +9.21%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations ...

Exhibit 99.1 Fortune Brands Delivers First Quarter Sales and Margin Results Reflecting Strong Execution; Reaffirms Full Year Guidance Highlights: ● Q1 2024 sales were $1.1 billion, an increase of 7 percent over Q1 2023. Organic sales were $1.0 billion, a decrease of 3 percent versus Q1 2023 ● Q1 2024 earnings per share (EPS) were $0.76, an increase of 13 percent versus a year ago; EPS before charges / gains were $0.83, an increase of 20 percent versus Q1 2023 ● Company reaffirms initial 2024 guidance, with ...