secwatch.observer — SEC 8-K summary
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Issuer:     Fortune Brands Innovations, Inc. (FBIN)
CIK:        0001519751
Form:       8-K
Filed at:   2024-01-30T23:59:59+00:00
Accession:  0001157523-24-000132
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fortune Brands Q4 sales up 3% to $1.16B; EPS $0.64; issues 2024 guidance; authorizes $650M buyback
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- Q4 GAAP EPS $0.64 (-35% YoY); adjusted EPS $0.95 (-11% YoY); sales $1.16B (+3% reported, -3% organic).
- Full-year 2023 sales $4.6B (-2% reported, -6% organic); GAAP EPS $3.17 (-23%); adjusted EPS $3.91 (-8%).
- 2024 guidance: organic sales -1% to +1%; adjusted EPS $4.20-$4.40; operating margin before charges/gains 16.5%-17.5%.
- Board authorized $650M share repurchase through Jan 2026, in addition to $435M remaining under prior authorization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1519751/000115752324000132/0001157523-24-000132-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1519751/000115752324000132/a53889076.htm
  HTML page:      https://secwatch.observer/filing/0001157523-24-000132

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