FORTUNE BRANDS INNOVATIONS, INC.


Associated tags: House, Sentry Group, ESG, Master Lock, Construction & Property, Building Systems, Fortune Brands, NYSE, Residential Building & Real Estate, Commercial Building & Real Estate, Other Manufacturing, Manufacturing, Retail, Home Goods, Other Construction & Property

Locations: UNITED STATES, NORTH AMERICA, ILLINOIS

Fortune Brands to Proceed with Acquisition of Emtek and Schaub Premium Hardware Brands and the U.S. and Canadian Yale and August Residential Smart Lock Brands from ASSA ABLOY

Retrieved on: 
Saturday, May 6, 2023

“I am excited for Fortune Brands to proceed with the acquisition of the Emtek, Schaub, Yale and August brands.

Key Points: 
  • “I am excited for Fortune Brands to proceed with the acquisition of the Emtek, Schaub, Yale and August brands.
  • Fortune Brands’ closing of the Acquisition is conditioned on the successful closing of the Hardware and Home Improvement business transaction between Spectrum Brands and ASSA ABLOY.
  • Fortune Brands will retain the Business’ associates and locations as it further assesses how best to fully integrate them into Fortune Brands’ organization.
  • Fortune Brands plans to host a conference call prior to the close of the transaction to provide stakeholders with additional information.

Fortune Brands’ Results Solidly Ahead of Expectations Amid an Anticipated Challenging Macro Environment; Increases Full-Year 2023 EPS Guidance

Retrieved on: 
Wednesday, April 26, 2023

Fortune Brands Innovations, Inc. (NYSE: FBIN or “Fortune Brands” or the “Company”), an industry-leading home, security and commercial building products company, today announced first quarter 2023 results.

Key Points: 
  • Fortune Brands Innovations, Inc. (NYSE: FBIN or “Fortune Brands” or the “Company”), an industry-leading home, security and commercial building products company, today announced first quarter 2023 results.
  • “Our solid results for our first full quarter as Fortune Brands Innovations speak to the true potential of our new Company,” said Fortune Brands Chief Executive Officer Nicholas Fink.
  • “We took proactive steps to prepare for an expected challenging 2023, while also focusing on long-term growth.
  • Operating income was $131.8 million, compared to $179.8 million in the prior-year quarter, a decrease of 27 percent.

Fortune Brands Sets Date for First Quarter 2023 Earnings Announcement and Investor Conference Call

Retrieved on: 
Wednesday, April 5, 2023

Fortune Brands Innovations, Inc. (NYSE: FBIN or “Fortune Brands” or the “Company”), an industry-leading home, security and commercial building products company, will release first quarter 2023 financial results after the market close on Wednesday, April 26, 2023.

Key Points: 
  • Fortune Brands Innovations, Inc. (NYSE: FBIN or “Fortune Brands” or the “Company”), an industry-leading home, security and commercial building products company, will release first quarter 2023 financial results after the market close on Wednesday, April 26, 2023.
  • ET, Chief Executive Officer Nicholas Fink, Chief Financial Officer David Barry, and Vice President of Investor Relations and Corporate Affairs Leigh Avsec, will host a conference call to discuss first quarter 2023 results.
  • A live internet audio webcast of the conference call will be available on the Fortune Brands website at https://ir.fbin.com/upcoming-events .
  • A recorded replay of the call will be made available on the Company’s website shortly after the call has ended.

Fortune Brands Elects Stephanie Pugliese to Board of Directors

Retrieved on: 
Monday, March 6, 2023

Fortune Brands Innovations, Inc. (NYSE: FBIN or “Fortune Brands” or the “Company”), an industry-leading home, security and commercial building products company, today announced it has elected Stephanie Pugliese as a Class III member of the Board of Directors, for a term expiring at the Company’s 2023 Annual Meeting of Stockholders.

Key Points: 
  • Fortune Brands Innovations, Inc. (NYSE: FBIN or “Fortune Brands” or the “Company”), an industry-leading home, security and commercial building products company, today announced it has elected Stephanie Pugliese as a Class III member of the Board of Directors, for a term expiring at the Company’s 2023 Annual Meeting of Stockholders.
  • View the full release here: https://www.businesswire.com/news/home/20230306005612/en/
    “Stephanie is an experienced leader with keen commercial acumen, strategic vision and a proven track record of working with strong consumer brands,” said Fortune Brands Chief Executive Officer Nicholas Fink.
  • “We are so happy to have Stephanie join our Board, as her tremendous history of success in building brands and driving innovation through both legacy as well as digital and ecommerce models is well-matched with Fortune Brands’ digital transformation and focus on brands, innovation and channel management.”
    Pugliese served as President of Americas at Under Armour, Inc., a global sportswear brand, from September 2019 to March 2023.
  • Pugliese currently serves as a member of the Board of Directors of Cooper’s Hawk Winery and Restaurants, a privately held restaurant company.

Fortune Brands Delivers Solid Profit Results While Executing Transformational Actions Amidst a Challenging Environment

Retrieved on: 
Thursday, February 16, 2023

Fortune Brands Innovations, Inc. (NYSE: FBIN or “Fortune Brands” or the “Company”), an industry-leading home, security and commercial building products company, today announced fourth quarter and full-year 2022 results.

Key Points: 
  • Fortune Brands Innovations, Inc. (NYSE: FBIN or “Fortune Brands” or the “Company”), an industry-leading home, security and commercial building products company, today announced fourth quarter and full-year 2022 results.
  • “Our teams delivered impressive fourth quarter and full year results in the face of a challenging environment while executing several transformative initiatives,” said Fortune Brands Chief Executive Officer Nicholas Fink.
  • We head into 2023 well-prepared and will remain laser focused on delivering above-market sales results, preserving margin and generating cash.
  • A live internet audio webcast of the conference call will be available on the Fortune Brands website at ir.fbin.com/upcoming-events .

Fortune Brands Announces CFO Transition; Appoints David Barry as Company’s Next Chief Financial Officer

Retrieved on: 
Monday, January 23, 2023

Fortune Brands Innovations, Inc. (NYSE: FBIN or “Fortune Brands” or the “Company”), an industry-leading home, security and commercial building products company, today announced that David Barry has been appointed as Executive Vice President and Chief Financial Officer, effective March 2, 2023.

Key Points: 
  • Fortune Brands Innovations, Inc. (NYSE: FBIN or “Fortune Brands” or the “Company”), an industry-leading home, security and commercial building products company, today announced that David Barry has been appointed as Executive Vice President and Chief Financial Officer, effective March 2, 2023.
  • He shares my excitement for the opportunities we have at Fortune Brands Innovations,” said Fortune Brands Chief Executive Officer Nicholas Fink.
  • Prior to that, he was Chief Financial Officer and Senior Vice President for the Company’s Water segment from 2017 to 2021.
  • Prior to his time at Fortune Brands, Barry held various senior financial roles at J.M.

Moen® Smart Sprinkler Controller Makes Outdoor Watering Routines Effortless, All From The Palm of Your Hand

Retrieved on: 
Wednesday, January 4, 2023

NORTH OLMSTED, Ohio, Jan. 4, 2023 /PRNewswire/ -- Every lawn is unique. Its soil, the amount of sun and water it receives, the property grade and the region all have an impact on how much and how often it requires watering. Expanding its revolutionary Smart Water Network – an integrated system of products working to monitor and enhance users' experiences with water in the home while facilitating water conservation – Moen is excited to bring its smart home technology to the area of the home where water is most used* with a Smart Sprinkler Controller and Smart Wireless Soil Sensors, together a 2023 CES Innovation Award Honoree.

Key Points: 
  • With the Smart Sprinkler Controller's intelligent features, users can create custom watering schedules and control each zone independently so they can easily manage how much water each zone receives.
  • Moen's Smart Wireless Soil Sensors monitor precise data on zone moisture levels and are the only smart wireless soil sensors that work with the Moen Smart Sprinkler Controller.
  • "The Smart Sprinkler Controller and Smart Wireless Soil Sensors are an important expansion of Moen's Smart Water Network, providing users with peace of mind in knowing their outdoor irrigation system is being monitored 24/7.
  • For additional information on the Moen Smart Sprinkler Controller and Smart Wireless Soil Sensors, visit moen.com .

Fortune Brands Completes Separation of MasterBrand

Retrieved on: 
Thursday, December 15, 2022

Fortune Brands Innovations, Inc. (NYSE: FBIN or Fortune Brands or the Company), an industry-leading home, security and commercial building products company, announced it successfully completed the previously announced spin-off of its Cabinets business, MasterBrand, Inc. (MasterBrand), creating two independent, publicly traded companies.

Key Points: 
  • Fortune Brands Innovations, Inc. (NYSE: FBIN or Fortune Brands or the Company), an industry-leading home, security and commercial building products company, announced it successfully completed the previously announced spin-off of its Cabinets business, MasterBrand, Inc. (MasterBrand), creating two independent, publicly traded companies.
  • The separation was completed through the distribution of all outstanding shares of MasterBrand common stock to Fortune Brands common stockholders of record as of 5:00 p.m., Central Time, on Friday, December 2, 2022 (the Record Date).
  • The distribution of MasterBrand shares was completed at 5:00 p.m., Central Time, on Wednesday, December 14, 2022, with Fortune Brands common stockholders receiving one share of MasterBrand common stock for every share of Fortune Brands common stock held on the Record Date.
  • Leading up to the separation, the Company has outlined its go-forward path and strategy as Fortune Brands Innovations.