FBIN changes
Pick any two versions below to diff them.
- Price
- $45.89 → $49.17(+7.1%)
- Discount category
- Below intrinsic value → Close to intrinsic value
- Recent events
- Nov added: 6, 2026: Fortune Brands elected Victor Grizzle to its board, effective January 1, 2027. David Mackay will retire from the board on December 9, 2026. Nov 3, 2026: Fortune Brands reported Q3 2026 results. Sales fell 3.1% to $1.11 billion, and Water Innovations sales fell 5.5%. GAAP EPS was $0.42, after a $0.47 asset impairment charge. EPS before charges was $1.14, including a $0.28 net tax benefit and $0.14 of net tariff refunds. The operating margin before charges fell to 14.0% from 17.9%. Free cash flow was $331 million, and the company bought back $40 million of shares. It cut its 2026 outlook to sales of $4,205 million to $4,275 million and EPS before charges of $3.20 to $3.30. It will exit its commercial business in China by Q3 2027 and reduce the EMEA operations of a Water business by Q4 2027. Oct 27, 2026: Fortune Brands named David Barry, its Chief Operating Officer, President of Moen. House of Rohl now reports directly to the CEO. Peter DuBois joined as Chief Information Officer on November 2, 2026. Oct 15, 2026: Fortune Brands agreed to sell its Fiberon composite decking business to a subsidiary of Inteplast Group for $160 million in cash. It expects to close within 60 days, subject to regulatory approval. It expects an additional non-cash impairment of about $175 million to $205 million, after a $221 million impairment of Fiberon at June 27, 2026. Sep added: 29, 2026: Fortune Brands declared a cash dividend of $0.26 per share. It is payable on December 9, added: 2026, to shareholders of record on November 20, 2026. Sep 9, 2026: Fortune Brands named Peter Clifford CFO, effective September 21, 2026. He was CFO and Chief Operations Officer of AZEK and CFO of Filtration Group. Aug 4, 2026: Fortune Brands reported Q2 2026 results. Sales fell 4.1% to $1.15 billion. GAAP EPS was a loss of $0.19, with a $1.44 impairment charge and a $0.52 benefit from tariff refunds. EPS before charges was $1.35. Water Innovations sales fell 6.5%. It raised its 2026 EPS outlook before charges to $3.22 to $3.52 from $3.00 to $3.30, which includes $0.52 of tariff refunds and new spending to improve execution. Jul 24, 2026: The Chief Legal Officer, Hiranda Donoghue, agreed to leave the company on July 31, 2026. Jun 29, 2026: Fortune Brands appointed Jesse Singh as CEO. He led AZEK from 2016 to 2025. The interim CEO, David Barry, became Chief Operating Officer. The Board Chair took direct oversight of the Fiberon business during its strategic review. May 7, 2026: Fortune Brands reported Q1 2026 results. Sales fell 2% to $1.0 billion. EPS before charges fell 20% to $0.53. It cut its 2026 EPS outlook before charges to $3.00 to $3.30 from $3.35 to $3.65, because of higher commodity costs and more cautious consumers.