ATLANTA, Oct. 10, 2024 (GLOBE NEWSWIRE) -- FORTNA, a leading automation and software company for the full logistics value chain, in collaboration with Moen, a prominent brand of Fortune Brands Innovations, today opened a state-of-the-art distribution center in North Las Vegas utilizing a FORTNA-designed AutoStore solution. This ribbon-cutting event marks a significant milestone in optimizing operations on the west coast for Moen. The new center is a strategic fit designed to enhance Moen's ability to servic ...

SAN FRANCISCO, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Yale, a leader in smart home security, today launched the "Secure Start" contest, designed to help provide financial and security support for new renters. As rent prices climb and the moving process becomes more challenging—with hefty security deposits and the need for reliable home protection—Yale aims to ease some of these burdens. Starting today, a unique Instagram contest is open, offering a chance to help cover five winners' security deposits and equip t ...

NEW AGREEMENT STRENGTHENS PARTNERSHIP DELIVERING EXCEPTIONAL EXPERIENCES TO HOMEBUYERS WITH UNMATCHED QUALITY AND DURABILITY NORTH OLMSTED, Ohio, Sept. 30, 2024 /PRNewswire/ -- Two leading companies in the home building industry are solidifying their relationship to deliver exceptional plumbing solutions within quality energyefficient homes to homebuyers across the country. Moen, the leader in water experiences, has signed a multiyear agreement with Meritage Homes, the fifth-largest public homebuilder in th ...

Tra 41 � - 1 e th T 11 p0 2019 12 27.1 19 17-1 nnen 71.9 ,56 10.9 18.0 125 4 5 22 E Adam Gault FBIN's Historical Net Sales Growth (Company Data, GS Analytics Research) Investment Thesis I last covered Fortune Brands Innovations, Inc. (NYSE:FBIN) in May with a buy rating and the stock has done well since then giving a total return of -10% versus S&P 500's (SPY) >5% increase. I continue to see more upside for the company driven by good execution, market share gains, and new partnerships for its connected prod ...

Tony Anderson Summary I am positive on Fortune Brands Innovations (NYSE:FBIN). My summarized thesis is that the FBIN growth outlook seems positive in its key market (the US), as the macro situation is likely to get better. Moreover, growth could be structurally higher in the near-to-medium term as it leverages its partnership strategy to grow its digital product sales. As such, FBIN deserves to trade at a premium for its history. Company overview FBIN is a home goods retailer that sells a wide assortment of ...

Good afternoon, everyone, and welcome to the Fortune Brands Innovations' second quarter earnings call. Hopefully, everyone has had a chance to review the earnings release. The earnings release and the audio replay of this call can be found on the Investors section of our fbin.com website. I want to remind everyone that the forward-looking statements we make on the call today, either in our prepared remarks or in the associated question-and-answer session, are based on current expectations and market outlook ...

For the quarter ended June 2024, Fortune Brands Innovations (FBIN) reported revenue of $1.24 billion, up 6.6% over the same period last year. EPS came in at $1.16, compared to $1.07 in the year-ago quarter. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Here is how Fortune Brands Innovations performed in the just repor ...

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Another stock from the same industry, Haverty Furniture (HVT) , has yet to report results for the quarter ended June 2024. Fortune Brands Innovations (FBIN) came out with quarterly ear ...

This maker of products for the home, like faucets, cabinets, windows and doors has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 5.68%. Price and EPS Surprise Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combinati ...

FBIN is optimistic about the strategic move as it believes that this partnership will bring in top-tier connected solutions that will aid in increasing safety, improving efficiency and enhancing compliance at a global level. The partnership should help in transforming workplaces from mechanical to cLOTO and expand the reach for these solutions in the global market. LOTO solutions help improve workers' safety by preventing potentially dangerous equipment from releasing hazardous energy. Inorganic Growth Init ...