---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-000619"
form_type: "8-K"
ticker: "FBIN"
cik: "0001519751"
company_name: "Fortune Brands Innovations, Inc."
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T12:42:26.266704+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Fortune Brands Q1 sales $1.0B (-9% YoY), EPS $0.67; raises full-year EPS guidance to $3.65-$3.85

## Summary
- Q1 sales $1.0B, down 9% YoY; GAAP EPS $0.67 (-29%), adjusted EPS $0.69 (-24%).
- Full-year EPS guidance raised $0.05 to $3.65-$3.85; revenue view unchanged (-5% to -7%).
- Segment sales: Water -8%, Outdoors -16%, Security +2%; operating margins before charges 21.6%, 5.2%, 14.0%.
- Repurchased ~$100M in common stock; net debt $2.1B, net debt/EBITDA 2.3x.
- Free cash flow positive in Q1; management cites proactive cost actions and inventory reductions.

## SEC filing metadata
- accession: 0001157523-23-000619
- form_type: 8-K
- ticker: FBIN
- cik: 0001519751
- company_name: Fortune Brands Innovations, Inc.
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1519751/000115752323000619/0001157523-23-000619-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1519751/000115752323000619/a53386964.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000619
- JSON: https://secwatch.observer/filing/0001157523-23-000619.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000619.txt

## Key facts
- Earnings Releases
  Fortune Brands Innovations, Inc. reported first quarter 2023 results: revenue $1.0 billion, EPS $0.67. Guidance raised.
  - Period: first quarter 2023
  - Revenue: $1.0 billion
  - EPS: $0.67
  - Guidance: raised
  - Result: reported results
  source text: Fortune Brands’ Results Solidly Ahead of Expectations Amid an Anticipated Challenging Macro Environment; Increases Full-Year 2023 EPS Guidance Highlights: Q1 2023 sales were $1.0 billion, a decrease of 9 percent versus Q1 2022 Q1 2023 earnings per share (EPS) were $0.67, a decrease of 29 percent versus a year ago; EPS before charges / gains were $0.69, a decrease of 24 percent versus Q1 2022 Full-year EPS range adjusted upward to reflect operating outperformance and share repurchases
  evidence_url: https://www.sec.gov/Archives/edgar/data/1519751/000115752323000619/0001157523-23-000619-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.