UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 27, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to_______ Commission file number 1-35166 Fortune Brands Innovations, Inc. (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Incorpora ...

Group 1 - The company behind Moen faucets and Master Lock is expected to experience significant growth over the next decade [1]

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Core Insights - A multi-sensory installation is featured prominently at the International Builders' Show, showcasing collaboration among Therma-Tru, Larson, Fiberon, Fypon, and Solar Innovations [1] Company Collaboration - Therma-Tru, Larson, Fiberon, Fypon, and Solar Innovations are uniting for this installation, indicating a trend of collaboration within the building materials industry [1]

Fortune Brands (NYSE: FBIN) stock imploded on Friday, falling 18% through noon ET after missing on both top and bottom lines in its Q4 report last night. Heading into the report, analysts forecast Fortune Brands would earn $1 a share on sales above $1.1 billion. Fortune actually earned $0.86 per share on sales just under $1.1 billion. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical tech ...

Fortune Brands Innovations, Inc. (NYSE:FBIN) reported an earnings per share (EPS) of $0.63, missing the estimated $0.99.The company's revenue for the quarter was approximately $1.08 billion, falling short of the estimated $1.14 billion.Despite the setbacks, FBIN's financial metrics such as a price-to-earnings (P/E) ratio of approximately 25.10 and a current ratio of about 1.84 indicate a strong financial foundation.Fortune Brands Innovations, Inc. (NYSE:FBIN), a prominent player in the home, security, and d ...

Core Insights - The company is undergoing a "comprehensive profitability reset" with significant volume deleverage expected in 2025 and a planned leadership transition [1][3][6] 2025 Results - Full-year sales were $4.5 billion, down 3% year-over-year, with a 1% decline excluding China [5][7] - Operating income decreased to $699 million, down 10%, and earnings per share (EPS) fell to $3.61, down 12% [5][7] - Margins were pressured by lower volumes, higher manufacturing costs, and tariffs, with operating margin at 15.7%, down 120 basis points [7][11] 2026 Outlook - Management guides for net sales growth of approximately flat to 2%, operating margin of about 14.5% to 15.5%, and EPS of $3.35 to $3.65 [4][13] - The outlook assumes continued tariff impacts, with mitigated tariff costs expected to be around $151 million in 2026, an increase of over $100 million year-over-year [14] - Free cash flow is projected to be about $400 million to $450 million, with capital expenditures of roughly $110 million to $140 million [16] Leadership Transition - Amit Banati has been appointed as CEO effective May, succeeding Nick Fink, who is departing [2][6] - The board has been evaluating succession continuously and views Banati as a proven leader with significant experience [2][3] Segment Performance - In Q4, sales in the Water segment were $617 million, down 4%, while the Security segment saw a 6% increase in sales to $166 million [10][15] - The Outdoors segment reported a 3% decline in sales to $295 million, with operating income down 24% [15] - The company has seen improved market share performance, outperforming the market by approximately 130 basis points for the full year, excluding China [12]

分组1 - Fortune Brands Innovations reported quarterly earnings of $0.86 per share, missing the Zacks Consensus Estimate of $1 per share, and down from $0.98 per share a year ago, representing an earnings surprise of -13.86% [1][2] - The company posted revenues of $1.08 billion for the quarter, missing the Zacks Consensus Estimate by 5.29%, and down from $1.1 billion year-over-year, having topped consensus revenue estimates just once in the last four quarters [3] - The stock has gained approximately 26.1% since the beginning of the year, significantly outperforming the S&P 500's gain of 1.4% [4] 分组2 - The earnings outlook for Fortune Brands Innovations is uncertain, with current consensus EPS estimates of $0.73 on $1.05 billion in revenues for the coming quarter, and $4.03 on $4.61 billion in revenues for the current fiscal year [8] - The estimate revisions trend for the company was unfavorable ahead of the earnings release, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [7] - The Building Products - Air Conditioner and Heating industry, to which the company belongs, is currently in the bottom 8% of Zacks industries, suggesting that the overall industry outlook may negatively impact the stock's performance [9]

Leadership Transition - The company has announced the appointment of Amit Banati as the new CEO, effective in May, following a structured succession process to ensure continuity and optimal performance [3][4][12] - Nick Fink, the current CEO, has led the company since 2020 and will transition to a new opportunity outside the company [10][4] - The board believes Amit Banati is an exceptional choice due to his experience on the board and his background in commercial and financial leadership [3][12] Financial Performance Overview - For the full year 2025, total company sales were $4.5 billion, down 3%, primarily due to lower volumes across segments amid a challenging market environment [22] - Consolidated operating income decreased to $699 million, down 10%, with an operating margin of 15.7%, reflecting lower sales volume and higher manufacturing costs [23] - In Q4 2025, total company sales were $1.1 billion, down 2%, with a consolidated operating income of $158 million, down 13% [25][27] Cost Management and Profitability Initiatives - The company has initiated a comprehensive profitability reset, reducing the headquarters workforce by around 10% and capturing $60 million in continuous improvement savings [6][7] - An estimated annualized run-rate operating income savings of $35 million is expected by year-end 2026, although this is not included in the 2026 guidance [7][40] - The company is focused on identifying further opportunities to structurally improve performance and return to expected profitability levels [7][21] Market Outlook and Guidance - The company anticipates global market declines of low single digits for 2026, with expectations for modest recovery later in the year [38][39] - The guidance for 2026 includes net sales growth of approximately flat to 2%, with operating income margin expected to be around 14.5% to 15.5% [40] - The company expects to generate free cash flow of approximately $400 million to $450 million in 2026, supported by operating performance and working capital initiatives [42] Segment Performance Highlights - In the Water segment, sales for Q4 were $617 million, down 4%, with point-of-sale performance slightly above the market [27][30] - The Outdoors segment experienced sales of $295 million, down 3%, with operating income down 24% due to lower volume and product mix [31][33] - The Security segment saw sales increase by 6% in Q4, with operating income up 52%, reflecting strong execution and improved manufacturing costs [34]

Financial Data and Key Metrics Changes - For the full year 2025, total company sales were $4.5 billion, down 3%, with a decline primarily due to lower volumes across segments, reflecting a challenging market environment [24][25] - Consolidated operating income was $699 million, down 10%, and operating margin was 15.7%, down 120 basis points, largely due to lower sales volume and higher manufacturing costs [25][26] - Earnings per share were $3.61, down 12% [26] Business Line Data and Key Metrics Changes - Water segment sales for Q4 were $617 million, down 4%, with significant pressure in wholesale as customers managed inventory levels [28] - Outdoor segment sales for Q4 were $295 million, down 3%, driven largely by modest volume declines [31] - Security segment sales for Q4 were $166 million, up 6%, due to higher volume and pricing actions [33] Market Data and Key Metrics Changes - The U.S. housing market fundamentals remain strong, with aging housing and high levels of home equity, but near-term demand remains uncertain [20][21] - The company estimates that the U.S. market for its products will decline low single digits in 2026, driven primarily by repair and remodel activity [37][38] Company Strategy and Development Direction - The company is focused on a comprehensive profitability reset, including a 10% reduction in headquarters workforce and initiatives to optimize operating costs [9][10] - A new CEO, Amit Banati, will take over in May, with a focus on continuing the company's transformation and driving long-term value creation [5][6][13] - The company is committed to investing in its people, systems, and brand building while ensuring operational discipline [11][12] Management's Comments on Operating Environment and Future Outlook - Management acknowledges macroeconomic uncertainty and low consumer confidence, with no near-term demand inflection expected [22][39] - The company anticipates a modest market recovery in 2026, with net sales growth expected to be flat to 2% [38][39] - Management is confident in the company's ability to execute its strategy and deliver shareholder value despite current challenges [42][43] Other Important Information - The company successfully extended its $1.25 billion senior unsecured revolving credit facility for an additional five-year term [36] - Free cash flow generation for the full year was $367 million, representing cash conversion of over 120% [36] Q&A Session Questions and Answers Question: What is driving the expected decline in margin despite flat to up 2% sales outlook? - Management indicated that increased tariff costs and under absorption from the balance sheet will lead to margin compression in the first half of 2026 [48][49] Question: What makes Amit Banati the best candidate for CEO? - The board highlighted Amit's strong background in consumer-branded products and his proven leadership in delivering profitable growth [54][55] Question: How did the company approach market growth assumptions for 2026? - Management built a model for 2026 that reflects current trends without assuming a market recovery, focusing on internal initiatives to drive profitability [60][62]