secwatch.observer — SEC 8-K summary
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Issuer:     Fortune Brands Innovations, Inc. (FBIN)
CIK:        0001519751
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0001157523-23-001544
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fortune Brands Q3 sales up 5% to $1.26B; raises mid-point of FY2023 adjusted EPS guide
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- Q3 GAAP EPS $1.07 (-2% YoY); adjusted EPS $1.19 (+3% YoY) on sales of $1.261B (+5% total, -4% organic).
- Water Innovations organic sales -4%, Security organic +6%, Outdoors organic -9%.
- Full-year adjusted EPS guidance mid-point raised to $3.85 (range $3.80-$3.90); free cash flow outlook raised to ~$630M.
- Repurchased $30M shares in Q3, $150M YTD; net debt $2.4B, net debt/EBITDA 2.6x.
- Recently acquired brands (Emtek, Schaub, Yale, August) performing above expectations; integration on track.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1519751/000115752323001544/0001157523-23-001544-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1519751/000115752323001544/a53676144.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001544

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