NO LONGER ONLY AVAILABLE FOR LARGE CARRIERS, PROVIDERS CAN NOW SIGN UP TO OFFER THE MOEN® FLO SMART WATER MONITOR AND SHUTOFF TO POLICYHOLDERS AT NO COSTNORTH OLMSTED, Ohio, April 14, 2025 /PRNewswire/ -- Moen, a leader in water experiences in the home, has launched an Insurance Partner Program for insurance providers of all sizes, including regional carriers, to help limit water damage claims across all states with its Moen® Flo Smart Water Monitor and Shutoff. Water damage is a leading cause of insurance ...

Core Insights - Moen has partnered with Liberty Mutual Insurance to offer discounts on the Flo Smart Water Monitor and Shutoff devices, aiming to reduce water damage claims and waste significantly [1][2] Company Overview - Moen is recognized as the leading consumer faucet brand in North America, providing a wide range of innovative products for kitchen and bath applications, including leak detection solutions [6] - The company is part of Fortune Brands Innovations, Inc., which focuses on various home products and security markets [7] Industry Context - Water damage claims are a significant financial burden for insurers, with over $15 billion paid out annually, and these claims account for 24% of all homeowner insurance claims [2][8] - The initiative aims to address the estimated one trillion gallons of water wasted annually in the U.S. due to leaks, highlighting a growing concern for water conservation [3][8] Product Features - The Flo Smart Water Monitor and Shutoff continuously monitors water pressure and flow, detecting leaks as small as a drop per minute, and can automatically shut off water to prevent major damage [4] - Users can track water usage and set conservation goals through the Moen Smart Water Network App, enhancing water-saving efforts [4]

Tile Shop Holdings, Inc (NASDAQ:TTSH) Q4 2024 Results Conference Call February 27, 2025 9:00 AM ET Company Participants Ken Cooper - Investor Relations Cab Lolmaugh - Chief Executive Officer Mark Davis - Chief Financial Officer Ken Cooper Good day, and thank you for standing by. Welcome to the Q4 2024 Tile Shop Holdings, Inc. Earnings Conference Call. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star one one on yo ...

Financial Data and Key Metrics Changes - The company reported diluted earnings of $0.44 per share for Q4 2024, including a net benefit of $6.8 million from a derivative litigation settlement [14] - For the full year 2024, diluted earnings were $1.90 per share, which also included the $0.05 benefit from the settlement [15] - Q4 2024 gross profit rose by 8.9%, with a gross margin rate of 43.5%, while the full-year gross margin rate increased to 43.3% from 42.1% [56] - Selling and store operating expenses increased by 10.1% in Q4 2024, while general and administrative expenses decreased by 5.4% [57][59] - Adjusted EBITDA for Q4 2024 increased by 11.1% to $119.8 million, while full-year adjusted EBITDA declined by 7.0% to $512.5 million [63][65] Business Line Data and Key Metrics Changes - Total sales for Q4 2024 increased by 5.7% year-over-year, while comparable store sales decreased by 0.8%, showing improvement from previous quarters [23][24] - The company opened 10 new warehouse format stores in Q4 2024, totaling 30 new stores for the fiscal year [19] - Spartan Surfaces experienced a 17.9% decline in Q4 sales, primarily due to weakness in the multifamily residential market [46] Market Data and Key Metrics Changes - The company noted that existing home sales rose for the third consecutive month in December 2024, despite elevated mortgage interest rates [24] - The west division showed encouraging comparable store sales trends, with modest growth year-over-year [28] Company Strategy and Development Direction - The company aims to open 25 new warehouse format stores in fiscal 2025, focusing on strategic growth despite industry pressures [20][21] - Investments in innovative merchandise and technology are prioritized to enhance customer experience and drive long-term growth [15][30] - The company is diversifying its supply chain to reduce reliance on China, with the U.S. now being the largest country of manufacture [34] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about long-term growth opportunities in hard-surface flooring due to supply and demand imbalances in housing [16] - The company is carefully planning for fiscal 2025 amid geopolitical uncertainties and mixed economic indicators, with total sales expected to range from $4.740 billion to $4.900 billion [68][70] - Management highlighted the importance of existing home sales for driving growth in same-store sales [100] Other Important Information - The company achieved a record high net promoter score in January 2025, reflecting strong customer service [53] - The company plans to continue investing in technology and e-commerce to enhance customer engagement [37] Q&A Session Summary Question: What is driving the slightly weaker performance quarter-to-date? - Management attributed the slowdown to weather impacts, noting that sales typically recover over time [80] Question: How should we think about the incrementality or flow-through to the model? - Management indicated that better-than-expected sales lead to strong flow-through, with expectations of high 30s flow-through if sales exceed projections [84][86] Question: What are the expectations for housing backdrop and its impact on sales? - Management expects a slow recovery in housing, with benefits from immature stores contributing to sales growth [99][100] Question: How will the company manage supply chain costs and pricing in 2025? - The company plans to negotiate with suppliers, diversify sourcing, and adjust prices as necessary to manage costs [128]

Fortune Brands Innovations (FBIN) Q4 2024 Earnings Call February 06, 2025 05:00 PM ET Company Participants Leigh Avsec - Chief of Staff & Executive VP - External AffairsNicholas Fink - CEODavid Barry - Executive VP & CFOAdam Baumgarten - Managing Director Conference Call Participants Susan Maklari - Senior Equity Research AnalystMatthew Bouley - Senior Equity Research AnalystMichael Rehaut - AnalystJohn Lovallo - Analyst Operator Good afternoon, everyone. My name is Joe, and I will be your conference operat ...

The Home Depot (HD) Q3 2025 Earnings Call November 12, 2024 09:00 AM ET Company Participants Isabel Janci - VP of Investor Relations & TreasurerEdward Decker - Chairman, President & CEOAnn-Marie Campbell - Senior Executive Vice PresidentBilly Bastek - Executive Vice President – MerchandisingRichard Mcphail - Executive Vice President & CFOChuck Grom - Managing DirectorSteven Zaccone - Director, Equity Research, Hardlines RetailChip Devine - Senior Vice President of Outside SalesHector Padilla - Executive Vic ...