Fortune Brands Innovations, Inc. (FBIN) Earnings
Fortune Brands Innovations, Inc. is expected to report next earnings on July 30, 2026 (in NaN days), with a consensus EPS estimate of $0.81. FBIN has beaten EPS estimates in 8 of its last 12 reported quarters (average surprise -3.2% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $0.53 | $0.53 | +0.0% | $1.0B | +0.3% |
| Feb 12, 2026 | $1.00 | $0.86 | -13.7% | $1.1B | -5.1% |
| Oct 30, 2025 | $1.10 | $1.09 | -0.9% | $1.1B | +1.1% |
| Jul 31, 2025 | $0.98 | $1.00 | +2.0% | $1.2B | +1.9% |
| Feb 6, 2025 | $1.05 | $0.98 | -6.7% | $1.1B | -3.6% |
| Jul 25, 2024 | $1.12 | $1.16 | +3.6% | $1.2B | -3.1% |
| Apr 30, 2024 | $0.74 | $0.83 | +12.2% | $1.1B | +2.7% |
| Jan 30, 2024 | $0.93 | $0.95 | +2.2% | $1.2B | +7.8% |
| Oct 25, 2023 | $1.09 | $1.19 | +9.2% | $1.3B | +0.3% |
| Jul 27, 2023 | $1.01 | $1.07 | +5.9% | $1.2B | -0.2% |
| Feb 16, 2023 | $0.99 | $1.07 | +8.1% | $1.4B | -30.2% |
| Oct 26, 2022 | $1.72 | $1.79 | +4.1% | $2.1B | -1.5% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 7, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
• Guidance reset based on measured assessment of performance and external environment, with sales growth in line with market and margin improvement driven by improving price cost dynamic and cost reduction efforts. • Full year net sales expected to be down low single digits in both first and second half, with slight improvement in year-over-year growth rate from first to second half. • Second quarter ramping seasonally but still impacted by weaker new construction and near-term performance challenges. • Cost saves initiatives with full annualized $70 million expected by first quarter of 27, ramping across second half, focusing on SG&A, manufacturing, trade spend, etc. • Board highly engaged and collaborative, looking for new board members with deep perspective, financial expertise, CEO expertise, and building products expertise. • Efforts to improve service levels and inventory through best-in-class process, and focus on retail, e-tail with new product development and commercialization improvements.
Guidance
• Net sales expected to be down low single digits both first half and second half, aligned with market, with slight improvement from first half to second half. • Revenue expected to be split 50-50 first half to second half. • Second quarter sales at midpoint implied down in mid-single-digit range, with sequential margin improvement of 200 - 250 basis points from first quarter. • Full year price expected to be up mid-single digits. • Operating margin expected to improve year-over-year in fourth quarter as comped price-cost headwind and share challenges, and initiatives deliver. • Guidance assumes current tariff environment persists for full year, with no tariff benefit in back half from change in environment.
Segment performance
All three product segments are down about two and a half to three points in revenue. Second quarter sales at midpoint implied down in mid-single-digit range, with sequential margin improvement of 200 - 250 basis points from first to second quarter. Water segment ex-China had 1.5% year-over-year growth, with China mix and single-family new construction mix as headwinds, and focus on retail and e-commerce to improve share. Outdoors segment saw growth in ThermaTru despite new construction headwinds, and Larson had positive POS but lapping big load-ins of new products. Security segment had 6% downtrend due to partial inventory reductions and timing of new product launches, with new products and commercialization of Master Lock brand expected to drive momentum.
Risks & headwinds
• Share dynamics in water segment affected by business mix, China mix, and single-family new construction mix. • Dependence on price increases in some areas with considerations of inelastic demand but also risk of losing share if over-reliance on price continues. • Tariff and inflation dynamics with timing disconnects between tariffs hitting P&L and price taken, and need to continue action on productivity initiatives. • Progress on reducing China source exposure is a risk if not achieved as planned. • Execution risk in implementing best-in-class processes for service levels and inventory, and in driving share recovery in retail and e-tail channels.
Analyst Q&A
Q: Asks about new board dynamics and seeking new board members,
A: Board has constructive engagement with Ed Garden, looking for board members with deep perspective, financial expertise, etc.
Q: Asks about share dynamics in water segment,
A: Attributed to China mix, single-family new construction mix, and need to improve retail and e-commerce focus.
Q: Asks about pricing and pricing tailwind,
A: Discussed over-reliance on gross price, need to use all levers, price expected up mid-single digits full year.
Q: Asks about tariff dynamics and CEO search,
A: Tariff net neutral, progress on diversifying supply chain, CEO search top priority but no exact timing.
Q: Asks about sales guide reduction and price opportunity,
A: Sales guide reduction due to volume, opportunity for surgical price in some areas.
Q: Asks about service levels, inventory, retail/e-tail focus,
A: Service levels due to process gaps, retail/e-tail focus on new product development and commercialization.
Q: Asks about security sell-out trends and momentum,
A: Security downtrend due to inventory and new product launch timing, new products and Master Lock brand commercialization expected to drive momentum.
Q: Asks about outdoors and water channel commentary,
A: Outdoors saw growth in ThermaTru, water with no significant restocking.
Q: Asks about fuel surcharges and offsetting freight impact,
A: Incremental $40 million mostly from freight, customers prefer gross price increases