Fortune Brands Innovations, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 30, 2023
January 30, 2024 at 04:05 pm EST
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Fortune Brands Innovations, Inc. reported earnings results for the fourth quarter and full year ended December 30, 2023. For the fourth quarter, the company reported sales was USD 1,161.3 million compared to USD 1,131.9 million a year ago. Net income was USD 81.3 million compared to USD 109.9 million a year ago. Diluted earnings per share from continuing operations was USD 0.64 compared to USD 0.99 a year ago. Diluted earnings per share was USD 0.64 compared to USD 0.85 a year ago.
For the full year, the company reported sales was USD 4,626.2 million compared to USD 4,723 million a year ago. Net income was USD 404.5 million compared to USD 686.7 million a year ago. Diluted earnings per share from continuing operations was USD 3.17 compared to USD 4.11 a year ago. Diluted earnings per share was USD 3.17 compared to USD 5.23 a year ago.
Fortune Brands Innovations, Inc. is a home, security and commercial building products company. The Company has three segments. Water Innovations segment manufactures or assembles and sells faucets, accessories, kitchen sinks and waste disposal, predominantly under the Moen, ROHL, Riobel, Victoria+Albert, Aqualisa and Shaws brands. Outdoors segment manufactures and sells fiberglass and steel entry door systems, storm, screen and security doors, composite decking, railing and cladding under the Fiberon brand, urethane millwork under the Fypon brand, and wide-opening exterior door systems and outdoor enclosures under the Solar Innovations brand. Security segment manufactures, sources and distributes locks, safety and security devices, and electronic security products and fire-resistant safes and security containers. The Company, through SpringWell Water Filtration Systems, provides residential whole-home water filtration and water softening solutions via direct-to-consumer channels.
FORTUNE BRANDS INNOVATIONS, INC. 
