secwatch.observer — SEC 8-K summary
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Issuer:     Fortune Brands Innovations, Inc. (FBIN)
CIK:        0001519751
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0001157523-23-001175
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fortune Brands Q2 EPS before charges $1.07, raises FY23 guidance, completes $800M acquisition
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- Q2 2023 sales $1.164B down 7% YoY; reported EPS $0.80, EPS before charges/gains $1.07.
- Completed acquisition of Emtek/Schaub/Yale/August for $800M ($700M net of tax benefits).
- Full-year EPS before charges/gains guidance raised to $3.75-$3.90 from $3.65-$3.85.
- Full-year free cash flow guidance raised to ~$575M from ~$475M.
- Net debt to EBITDA before charges/gains 2.9x; operating cash flow $428M, free cash flow $358M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1519751/000115752323001175/0001157523-23-001175-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1519751/000115752323001175/a53486939.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001175

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