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FBIN — Fortune Brands Innovations News Story

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Fortune Brands Innovations Inc reports results for the quarter ended June 30 - Earnings Summary

Fortune Brands Innovations Inc FBIN.N reported quarterly adjusted earnings of $1.00​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $1.16.  The mean expectation of seventeen analysts for the quarter was for earnings of 97 cents per share. Wall Street expected results to range from 89 cents to $1.13 per share.

Revenue fell 3% to $1.20 billion from a year ago; analysts expected $1.20 billion.

Fortune Brands Innovations Inc's reported EPS for the quarter was 83 cents​.

The company reported quarterly net income of $100.3 million.

Fortune Brands Innovations Inc shares had risen by 5.8% this quarter and lost 20.3% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 13.3% in the last three months.​

In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy," 13 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the construction supplies & fixtures peer group is  "buy."

Wall Street's median 12-month price target for Fortune Brands Innovations Inc is $64.00, about 14.8% above its last closing price of $54.54

This summary was machine generated from LSEG data July 31 at 09:54 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDINGESTIMATEACTUALBEAT, MET, MISSED
Jun. 30 20250.971.00Beat
Mar. 31 20250.660.66Met
Dec. 31 20241.060.98Missed
Sep. 30 20241.141.16Beat

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