secwatch.observer — SEC 8-K summary
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Issuer:     Fortune Brands Innovations, Inc. (FBIN)
CIK:        0001519751
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001193125-24-125053
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1519751/000119312524125053/0001193125-24-125053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1519751/000119312524125053/d818574d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-125053

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