10-Q · May 7, 2026
Fortune Brands Innovations reported a disappointing Q1 2026 with net sales of $1.011 billion and EPS of $0.20, significantly missing expectations of $1.011 billion in revenue and $0.54 in EPS. The company attributed the…
Earnings analysis · 10-Q
FBIN earnings analysis
Filed November 4, 2026 · Our reading of the company's report
The latest report
Fortune Brands reported Q3 revenue of $1.1137 billion and GAAP EPS of $0.42, missing consensus estimates of $1.1229 billion and $0.74, respectively. The company also recorded $73.8 million of impairment charges and…
Read full summary
Fortune Brands reported Q3 revenue of $1.1137 billion and GAAP EPS of $0.42, missing consensus estimates of $1.1229 billion and $0.74, respectively. The company also recorded $73.8 million of impairment charges and lowered full-year EPS-before-charges-and-gains guidance to $3.20-$3.30 from a prior midpoint of $3.37. Repurchases continued and controls remained effective, but weaker end-market expectations and portfolio actions leave the near-term outlook negative.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.42
What stood out
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Share repurchases continued
The company repurchased 922,097 shares during the quarter at an average price of $43.38, leaving $742,075,122 available under the $1.0 billion authorization expiring February 4, 2027.
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Disclosure controls remained effective
Management concluded that disclosure controls and procedures were effective as of September 26, 2026, and reported no material changes to internal controls during the thirteen weeks ended September 26, 2026.
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No new market-risk changes
The filing reports no material changes to the market-risk disclosures previously included in the 2025 Form 10-K, reducing evidence of a newly disclosed market-risk issue in the quarter.
What to watch
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Revenue and GAAP EPS missed estimates
Q3 revenue was $1.1137 billion, 0.82% below the $1.1229 billion consensus estimate, while reported GAAP EPS was $0.42 versus the $0.74 estimate.
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Impairments and portfolio actions
The company recorded $73.8 million of asset impairment charges, and ongoing portfolio optimization actions and alignment costs are expected to weigh on near-term results.
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Lower full-year outlook
Full-year EPS-before-charges-and-gains guidance was reduced to $3.20-$3.30 from a prior midpoint of $3.37, while revenue guidance was $4.205-$4.275 billion, reflecting lower core-business and end-market expectations.
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Litigation and remediation exposure
The filing states that ordinary litigation matters could be decided unfavorably, although management believes the likelihood of a material loss is remote; environmental remediation liabilities also involve uncertain estimates across multiple sites.
Management's outlook
Full-year 2026 EPS-before-charges-and-gains guidance was lowered to $3.20-$3.30 from a prior midpoint of $3.37. Revenue guidance was set at $4.205-$4.275 billion. The outlook reflects weaker core-business and end-market expectations, portfolio optimization actions and alignment costs, partly offset by a $0.28 net tax benefit and $0.07 of net tariff refunds.
Earlier filings 4
10-K · February 23, 2026
Fortune Brands positions itself as an industry leader across three segments (Water, Outdoors, Security) and emphasizes growth via brand investment, digital/connected products and its 'Fortune Brands Advantage' operating…
10-Q · October 30, 2025
Fortune Brands reported Q3 net sales of $1,149.2 million, down 0.5% versus the prior-year quarter, with operating income falling to $125.9 million (down 38.6% YoY) and diluted EPS of $0.59 versus $1.09 a year ago.…
10-Q · July 31, 2025
Fortune Brands reported Q2 net sales of $1,203.3 million, down 3.0% year-over-year, while consolidated operating income fell 13.8% to $171.6 million and net income declined to $100.3 million for the quarter. Management…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.