secwatch.observer — SEC 8-K summary
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Issuer:     Fortune Brands Innovations, Inc. (FBIN)
CIK:        0001519751
Form:       8-K
Filed at:   2023-02-16T23:59:59+00:00
Accession:  0001157523-23-000295
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1519751/000115752323000295/0001157523-23-000295-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1519751/000115752323000295/a53328945.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-000295

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