Fortune Brands Q2 sales $1.24B (+7% reported, -3% organic); EPS $1.06 (+33%), non-GAAP EPS $1.16

Fortune Brands Innovations, Inc.

2024-Q2 EPS reported $1.82 revenue$2,349,500,000

Q2 GAAP EPS $1.06 (+33% YoY), non-GAAP EPS $1.16; operating margin 16.1% GAAP, 17.4% ex-items.
Water Innovations organic sales -5% YoY; Outdoors +4% organic; Security organic -7% despite reported +12% from acquisitions.
Updated FY2024 guidance: net sales organic -2% to flat (from -1% to +1%); EPS before charges/gains narrowed to $4.25-$4.35.
China market outlook lowered to -20% to -15% (prior -9% to -7%); U.S. R&R -4% to -3% and SFNC raised to +8% to +10%.
Generated $262M operating cash flow, $223M free cash flow; repurchased $55M shares in quarter, $190M YTD.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.