secwatch.observer — SEC 8-K summary
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Issuer:     Fortune Brands Innovations, Inc. (FBIN)
CIK:        0001519751
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0000950170-24-122307
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fortune Brands Q3 sales down 8% YoY; EPS $1.09, guidance lowered for FY2024
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- Q3 net sales $1.155B, down 8% YoY; organic sales ex-China down 5%.
- EPS $1.09 (GAAP) +2% YoY; EPS before charges/gains $1.16, down 3%.
- Operating margin expanded 220 bps to 17.8%; non-GAAP margin 18.7%.
- Updated FY2024 guidance: net sales flat to 1% (prior 2.5-4.5%); EPS before charges/gains $4.17-$4.23 (prior $4.25-$4.35).
- Free cash flow guidance lowered to ~$475M (from ~$500M); cite hurricanes and channel destocking.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1519751/000095017024122307/0000950170-24-122307-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1519751/000095017024122307/fbin-20241106.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-122307

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