Fortune Brands Innovations, Inc. provides home and security products for residential home repair, remodeling, new construction, and security applications in the United States and internationally. The company operates through three segments: Water, Outdoors, and Security. The Water segment manufactures or assembles, and sells faucets, accessories, kitchen sinks, and waste disposals under the Moen, ROHL, Riobel, Victoria+Albert, Perrin & Rowe, Aqualisa, Shaws, Emtek, and Schaub brands. The Outdoors segment manufactures and sells fiberglass and steel entry door systems under the Therma-Tru brand; storm, screen, and security doors under the Larson brand; composite decking, railing, and cladding under the Fiberon brand; and urethane millwork under the Fypon brand. The Security segment manufactures, sources, and distributes locks, safety and security devices, and electronic security products under the Master Lock, American Lock, Yale, and August brands; and fire-resistant safes, security containers, and commercial cabinets under the SentrySafe brand. The company sells its products through various sales channels, including kitchen and bath dealers, wholesalers oriented toward builders or professional remodelers, industrial and locksmith distributors, do-it-yourself remodeling-oriented home centers, showrooms, e-commerce, and other retail outlets. Fortune Brands Innovations, Inc. was incorporated in 1988 and is headquartered in Deerfield, Illinois.
Connected Innovation | Fortune Brands Innovations focuses on connected products, driving potential for above-market growth and margin improvements in the long term |
Market Resilience | Despite housing challenges, FBIN outperforms Q2 expectations with improved margins, particularly in Security and North American Water segments |
Navigating Headwinds | Company faces international challenges and housing market pressures, but maintains profitability through strategic cost management and operational efficiency |
Future Outlook | Analyst price targets range from $81 to $100, with FBIN narrowing FY2024 EPS guidance to $4.25-$4.35, reflecting cautious optimism amid economic uncertainties |
Metrics to compare | FBIN | Sector Sector - Average of metrics from a broad group of related Consumer Cyclicals sector companies | Relationship RelationshipFBINPeersSector | |
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P/E Ratio | 21.5x | 24.2x | 11.9x | |
PEG Ratio | 4.08 | −0.09 | 0.03 | |
Price/Book | 4.0x | 2.9x | 1.4x | |
Price / LTM Sales | 2.1x | 1.5x | 1.2x | |
Upside (Analyst Target) | 17.2% | −2.5% | 19.8% | |
Fair Value Upside | Unlock | 1.4% | 5.8% | Unlock |