secwatch.observer — SEC 8-K summary
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Issuer:     Fortune Brands Innovations, Inc. (FBIN)
CIK:        0001519751
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0000950170-24-086506
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1519751/000095017024086506/0000950170-24-086506-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1519751/000095017024086506/fbin-20240725.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-086506

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer