Fortune Brands Innovations Q1 sales $1.1B (+7% YoY); EPS $0.76 (+13%); reaffirms FY2024 guidance

Fortune Brands Innovations, Inc.

2024-Q1 EPS reported $0.76 revenue$1,109,600,000

Q1 2024 GAAP EPS $0.76 vs $0.67 prior year; adjusted EPS $0.83 (+20%).
Reported sales $1.1B (+7%) including acquisitions; organic sales $1.0B (-3%).
Water Innovations sales $625M (+5%) but organic -7%; Security sales $169M (+9%).
Reaffirmed FY2024 guidance: organic sales -1% to +1%, EPS before charges $4.20-$4.40, CFO ~$720M.
Repurchased $100M shares in Q1; net debt $2.7B, net debt/EBITDA 2.9x.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Fortune Brands Innovations, Inc. updated its first quarter 2024 guidance (reaffirmed).

Period: first quarter 2024
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On April 30, 2024, Fortune Brands Innovations, Inc. (the “Company”) issued a press release reporting the Company’s first quarter 2024 results, as well as reaffirming certain guidance for 2024.

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Source: SEC EDGAR

accession 0001193125-24-125053

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