Fortune Brands Innovations (FBIN) Q2 2025 Earnings Call July 31, 2025 05:00 PM ET Speaker0Afternoon, everyone. My name is Paul, and I will be your conference operator today. Welcome to the Fortune Brands Second Quarter twenty twenty five Earnings Conference Call. All lines are muted to prevent background noise. Following the speakers' remarks, we will open the call for a Q and A session.At this time, I'll turn the call over to Curt Worthington, Vice President of Finance and Investor Relations. Curt, please ...

Core Insights - Home Depot Inc. (HD) is leveraging its omnichannel strategy as a key driver for long-term growth, integrating physical retail with digital convenience to meet changing customer preferences [1] Omnichannel Strategy - In Q1 fiscal 2025, over 45% of online orders were fulfilled through stores, indicating the company's commitment to seamless integration between digital and physical platforms [2][10] - The company is enhancing app experience, search relevance, and online checkout as part of its omnichannel initiatives [2] - Home Depot is investing in improved delivery capabilities, a frictionless returns experience, and expanded Pro customer features to enhance the customer journey [3] Sales Performance - Despite advancements in omnichannel execution, overall comparable sales decreased by 2.8% in Q1 due to macroeconomic pressures and weak DIY demand [4][10] - The effectiveness of the omnichannel strategy in driving conversion and ticket size will be crucial for determining its transformative potential [5] Competitive Landscape - Competitors like Lowe's Companies Inc. (LOW) and Williams-Sonoma Inc. (WSM) are also enhancing their omnichannel strategies to remain competitive [6] - Lowe's reported that over 60% of online orders were fulfilled through stores, with improvements in mobile app functionality and same-day delivery capabilities [7] - Williams-Sonoma achieved a 3.4% increase in comparable brand revenue in Q1, supported by strong cross-channel engagement and inventory optimization [8] Financial Metrics - Home Depot's shares have increased by 3.8% over the past year, outperforming the industry growth of 1.8% [9] - The company trades at a forward price-to-earnings ratio of 23.66X, higher than the industry's 21.47X [11] - The Zacks Consensus Estimate indicates a year-over-year earnings decline of 1.3% for fiscal 2025, with a projected growth of 9.2% for fiscal 2026 [12]

MINNEAPOLIS, July 31, 2025 (GLOBE NEWSWIRE) -- Tile Shop Holdings, Inc. (Nasdaq: TTSH) (the "Company"), a specialty retailer of natural stone tiles, man-made and luxury vinyl tiles, setting and maintenance materials, and related accessories, today announced that the Company will release financial results for the second quarter ended June 30, 2025, at 7:00 a.m. Eastern Time on Thursday, August 7, 2025. The Company will host a conference call via webcast for investors and other interested parties beginning at ...

Financial Data and Key Metrics Changes - The company's net sales decreased by 2% in the second quarter, but were in line with the prior year when excluding the Kichler divestiture and currency impacts [13][22] - Gross margins increased by 10 basis points to 37.7%, while operating profit grew by $14 million to $413 million, resulting in an operating profit margin increase of 100 basis points to 20.1% [13][24] - Earnings per share (EPS) grew by 8% to $1.3 per share [13][24] Business Line Data and Key Metrics Changes - Plumbing sales increased by 4% in local currency, with North American Plumbing sales up by 5% driven by favorable pricing and volume [14][25] - International plumbing sales increased by 1% in local currency, with operating profit for the segment at $276 million and an operating margin of 21% [15][25] - Decorative Architectural segment sales decreased by 12%, with total paint sales down mid-single digits due to lower volume [15][27] Market Data and Key Metrics Changes - The global repair and remodel market is anticipated to decline by low single digits, with the company expecting to outperform the market [19][33] - The company expects its sales to be roughly flat, excluding the impacts of divestiture and currency, with lower volumes offset by pricing [19][33] Company Strategy and Development Direction - The company aims to strengthen its portfolio of brands and enhance consumer experiences while driving profitable growth [8][20] - The focus is on leveraging digital strategies, including e-commerce and digital marketing, to accelerate top-line growth [83] - The company is committed to maintaining cost discipline while investing in future growth opportunities [30][34] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the dynamic geopolitical and macroeconomic environment, emphasizing the need for mitigation actions against tariffs and commodity cost increases [12][17] - The company anticipates some uncertainty in near-term market conditions but remains optimistic about structural factors supporting long-term growth [20][34] - Management expects headwinds in the second half of the year, particularly related to tariff costs and commodity inflation [35] Other Important Information - The company plans to allocate approximately $450 million towards share repurchases or acquisitions in 2025, with a focus on bolt-on acquisitions [38][41] - The balance sheet remains strong, with gross debt to EBITDA at two times and $1.3 billion in liquidity [28][29] Q&A Session Summary Question: Allocation of $450 million to repurchases and acquisitions - Management indicated that acquisitions would be bolt-on in nature, focusing on core areas, with the majority of the allocation expected for share repurchases [38][41] Question: Sustainability of propane growth - The propane business has grown significantly, and management believes there is still room for growth, particularly through partnerships with The Home Depot [42][43] Question: Pre-buy activity in plumbing - Some pre-buy activity was noted in plumbing, primarily related to tariff price increases, but overall channel inventories remain healthy [48][50] Question: DIY paint consumption trends - Management highlighted that existing home sales, which are at a three-decade low, are a major driver of softness in the DIY market [54][56] Question: Performance of plumbing brands - Upper premium and luxury brands are performing well, while mid-tier brands are experiencing some trade-down [61][63] Question: Mitigation actions against tariffs - Management is employing pricing, cost reductions, and sourcing changes to mitigate tariff impacts, with a focus on reducing exposure to China [74][104] Question: Working capital dynamics - Working capital is impacted by tariffs and inflation, with a focus on maintaining lean inventory while managing tariff-related costs [118][119]

Financial Data and Key Metrics Changes - For the second quarter, net sales decreased by 2%, but were in line with the prior year when excluding the Kichler divestiture and currency impacts [11][19] - Gross margins increased by 10 basis points to 37.7% [11][20] - Operating profit grew by $14 million to $413 million, with an operating profit margin increase of 100 basis points to 20.1% [11][20] - Earnings per share grew by 8% to $1.3 per share [11][20] Business Line Data and Key Metrics Changes - Plumbing sales increased by 4% in local currency, with North American Plumbing sales up by 5% driven by favorable pricing and volume [12][22] - International plumbing sales increased by 1% in local currency, with operating profit for the segment at $276 million and an operating margin of 21% [12][22] - Decorative Architectural segment sales decreased by 12%, or 4% excluding the Kichler divestiture, with overall paint sales down mid-single digits [13][24] - Pro paint sales increased mid-single digits, while DIY paint sales decreased high single digits [14][24] Market Data and Key Metrics Changes - The global repair and remodel market is anticipated to decline by low single digits in 2025 [16][30] - The company expects its sales in 2025 to decrease by low single digits, impacted by the Kichler divestiture, with currency having a favorable impact of approximately 1% [30] Company Strategy and Development Direction - The new CEO plans to engage with stakeholders to strengthen the brand portfolio and drive profitable growth [6][18] - The company aims to leverage digital strategies, including e-commerce and digital marketing, to accelerate top-line growth while maintaining strong margins [80] - The focus remains on achieving additional growth and benefiting from the structural factors of the housing market, such as aging housing stock and high home equity levels [17][18] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the dynamic geopolitical and macroeconomic environment, which has impacted sales and margins [10][15] - The company anticipates continued pressure on DIY paint sales due to low existing home turnover and macroeconomic conditions [14][24] - Despite near-term uncertainties, the long-term outlook for repair and remodel activity remains strong [17][18] Other Important Information - The company has a strong balance sheet with gross debt to EBITDA at two times and $1.3 billion in liquidity [25] - The company returned $167 million to shareholders in the second quarter through dividends and share repurchases [26] - The company plans to invest approximately $175 million in capital expenditures and anticipates deploying at least $450 million towards share repurchases or acquisitions in 2025 [27] Q&A Session Summary Question: Allocation of $450 million to repurchases and acquisitions - Management indicated that acquisitions would be bolt-on in nature, focusing on core areas, with the majority of the $450 million likely allocated to share repurchases [34][36][38] Question: Sustainability of propane growth - The propane business has grown significantly, and management believes there is still room for growth, particularly through partnerships with The Home Depot [39][40] Question: Pre-buy activity in plumbing - Some pre-buy activity was noted in plumbing due to anticipated price increases, but overall channel inventories remain healthy [44][46] Question: DIY paint consumption trends - Management highlighted that existing home sales, which are at a three-decade low, are a major driver of softness in DIY paint sales [51][52] Question: Brand performance in plumbing - Upper premium and luxury brands are performing well, while mid-tier brands are experiencing some trade-down [58][60] Question: Mitigation actions against tariffs - Management is implementing cost reductions, pricing actions, and sourcing changes to mitigate tariff impacts, with a focus on reducing exposure to China [71][100] Question: Future tariff impacts - Management stated it is premature to estimate the impact of potential future tariffs, but they are focused on providing guidance based on currently enacted tariffs [84][86] Question: Working capital dynamics - The increase in working capital is largely driven by tariffs and material cost inflation, with a focus on lean inventory management [112][114]

The new collaboration brings Park’s vibrant, painterly aesthetic to tile for the first time MINNEAPOLIS, July 30, 2025 (GLOBE NEWSWIRE) -- The Tile Shop (Nasdaq: TTSH), a specialty retailer of natural stone and man-made tiles, is proud to announce the launch of an exclusive new collaboration with acclaimed artist and designer Laura Park. The Tile Shop x Laura Park, available now, showcases Park’s signature bold brushwork, joyful color palettes, and modern abstract style across a fresh, artistic range of ti ...

EAST HANOVER, N.J., July 30, 2025 /PRNewswire/ -- FGI Industries Ltd. (Nasdaq: FGI) ("FGI" or the "Company"), a leading global supplier of kitchen and bath products, today announced that it will issue financial results for the second quarter 2025 after the market close on Monday, August 11, 2025. Management will conduct a conference call on Tuesday, August 12, 2025, at 9:00 am Eastern Time to discuss the quarterly results.A webcast of the conference call and accompanying presentation materials will be avail ...

Core Viewpoint - Universal Safety Products, Inc. reported significant financial improvements for the fourth quarter and fiscal year ended March 31, 2025, following the sale of its smoke alarm and carbon monoxide alarm business, while exploring new business opportunities to enhance shareholder value [1][2]. Financial Performance - For the fourth quarter, sales increased by $1,780,152 (40.0%) to $6,226,621 compared to $4,446,469 in the same period last year, with net income of $1,302,551 or $0.56 per share, reversing a net loss of $776,671 or $0.34 per share from the previous year [5][6]. - For the fiscal year, sales rose by $4,045,881 (20.7%) to $23,563,554 from $19,517,673, with net income of $500,684 or $0.22 per share, compared to a net loss of $695,790 or $0.30 per share for the prior year [5][6]. Business Developments - The company completed the sale of its smoke alarm and carbon monoxide alarm business to Feit Electric Company on May 22, 2025, and plans to continue marketing other product lines [1]. - The company has filed its Annual Report on Form 10-K with the SEC, addressing previous non-compliance issues with NYSE American LLC listing standards [3]. Assets and Liabilities - As of March 31, 2025, total assets amounted to $9,816,279, an increase from $8,344,750 in the previous year, with cash increasing to $348,074 from $65,081 [8][9]. - Total current liabilities rose to $4,652,568 from $3,658,393, primarily due to an increase in the line of credit [9].

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The market expects Fortune Brands Innovations (FBIN) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on July 31, might help the stock move higher if these key numbers ...