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 ...

Group 1: Strategic Partnerships and Acquisitions - Fortune Brands Innovations, Inc. (FBIN) has entered into a partnership with Value Hybrid Global, S.L. to enhance its Master Lock brand's capabilities in connected lockout tagout (cLOTO) solutions, which are expected to improve safety and efficiency globally [9][10] - The partnership aims to transform workplaces from mechanical systems to cLOTO, thereby expanding the reach of these solutions in the global market [2] - FBIN's recent acquisitions, including a 100% stake in Wise Water Solutions LLC for $105.2 million, are expected to capture opportunities in the $4 billion U.S. residential water filtration market [11] Group 2: Financial Performance - Fortune Brands' first-quarter net sales reached $1.11 billion, reflecting a 7% year-over-year increase, largely driven by recent acquisitions [4] - Despite a 14.1% decline in shares over the past three months, FBIN's strategic investments and cost reduction initiatives are anticipated to drive growth momentum in upcoming quarters [12][15] Group 3: Market Position and Growth Outlook - The company focuses on both inorganic and organic growth opportunities, leveraging its market position to gain momentum despite uncertain economic conditions [15] - The Zacks Consensus Estimate for WING's 2024 sales and earnings per share indicates growth of 27.5% and 36.7%, respectively, from the previous year [6]

monsitj Investment Thesis Fortune Brands Innovations, Inc. (NYSE:FBIN) has good revenue and margin growth prospects. The company's revenue growth should benefit from an increased level of housing completions given the healthy housing start levels in the back half of last year. In addition, the company is also focused on enhancing its product portfolio with consistent innovations within connected offerings like FLO Smart Water Monitor and Shutoffs, Connected sprinklers, and Smart Locks. These offerings are g ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find compa ...

Fortune Brands Innovations (FBIN) reported $1.11 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 6.7%. EPS of $0.83 for the same period compares to $0.69 a year ago.The reported revenue represents a surprise of +2.16% over the Zacks Consensus Estimate of $1.09 billion. With the consensus EPS estimate being $0.76, the EPS surprise was +9.21%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations ...

"Our first quarter sales and margin results came in above our expectations as our teams executed our strategy of growing the core and accelerating in connected products," said Fortune Brands Chief Executive Officer Nicholas Fink. "By leveraging our Fortune Brands Advantage capabilities and focusing on accelerated growth through building leading brands, driving meaningful innovation, and creating value for our channel partners, we will continue to position the Company for outperformance in any environment." ...

SAN FRANCISCO, April 11, 2024 (GLOBE NEWSWIRE) -- Yale, a leader in smart home security, today announced the launch of the retrofit Yale Approach™ Lock with Wi-Fi and the wireless Yale Keypad. Easy to install on the back of most deadbolts, Yale Approach paired with the Yale Keypad is the ultimate do-it-yourself smart lock system for first-time users or renters who typically cannot change their locks. Both products are available for purchase in the U.S. today at ShopYaleHome.com and August.com, with Amazon a ...

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 30, 2023 ☐ 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 ...

New brand introductions and latest launches reinforce the House of Rohl brand commitment to artistry, curation and a life well-crafted IRVINE, Calif., Feb. 27, 2024 /PRNewswire/ -- This year at KBIS, House of Rohl® is excited to announce the expansion of its brand portfolio and the debut of new luxury plumbing collections that seamlessly blend richness, heritage and design. House of Rohl proudly welcomes the recently acquired brands Emtek® and Schaub, leaders in personalized hardware for cabinets and doors, ...

Fiberon has announced its product lineup, including a new color for Wildwood composite cladding, updated customization options for CitySide railing and a collection for Concordia PE composite decking. (Photo: Business Wire)Fiberon has announced its product lineup, including a new color for Wildwood composite cladding, updated customization options for CitySide railing and a collection for Concordia PE composite decking. (Photo: Business Wire)MAUMEE, Ohio--(BUSINESS WIRE)--Fiberon has announced its product l ...