Fortune Brands Innovations Q4 sales down 7% to $1.1B; guides FY2023 EPS $3.60-$3.80

Fortune Brands Innovations, Inc.

2022-FY EPS reported $5.23 revenue$4,723,000,000

Q4 2022 sales $1.1B (-7% YoY); GAAP EPS $0.99, adjusted EPS $1.07.
Full-year 2022 sales $4.7B (-2% YoY); GAAP EPS $4.11, adjusted EPS $4.24.
Water Innovations sales -9%; Outdoors & Security -5% in Q4.
Guides FY2023 sales down 5-7%; adjusted EPS $3.60-$3.80; free cash flow ~$475M.
Net debt $2.0B; repurchased $580M stock in 2022; net debt/EBITDA 2.1x.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Fortune Brands Innovations, Inc. reported fourth quarter and full year 2022 results: revenue $1.1 billion, EPS $0.99. Guidance initiated.

Period: fourth quarter and full year 2022
Revenue: $1.1 billion
EPS: $0.99
Guidance: initiated
Result: reported results

Exact text from the filing

and the team’s ability to deliver – regardless of the environment.” Fourth Quarter 2022 FBIN Results from Continuing Operations For the fourth quarter of 2022, FBIN sales were $1.1 billion, a decrease of 7 percent over the fourth quarter of 2021. Operating income was $182.2 million, compared to $195.4 million in the prior-year quarter, a decrease of 7 percent.

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Source: SEC EDGAR

accession 0001157523-23-000295

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