Fortune Brands Announces Third Quarter Results, Taking Action to Revitalize the Company's Performance
Fortune Brands reported Q3 2026 sales of $1,113.7 million, down 3.1% year-over-year, with GAAP EPS of $0.42 (including a $0.47 impairment) and non-GAAP EPS of $1.14, up 4.6%. The company cut full-year EPS guidance to $3.20-$3.30 from a $3.37 prior midpoint, citing softer single-family new construction, portfolio-optimization drag, and channel-inventory reductions; Q4 sales are guided to $925M-$995M.
Key figures
- Eps
- 0.42
- Guidance
- FY2026 net sales $4,205M-$4,275M; FY EPS before charges/gains $3.20-$3.30 (down from $3.37 prior midpoint); Q4 net sales $925M-$995M, Q4 EPS $0.19-$0.29
- Revenue Yoy
- -3.1%
- Fcf q3
- 331100000
- Liquidity
- $1.3 billion
- Q3 buyback
- $40 million
- Non gaap eps
- 1.14
- Fiberon sale price
- $160 million
- Net debt to ebitda
- 2.5x
- Sga savings target
- $70 million annualized by Q1 2027
- Operating income gaap
- 60400000
- Operating cash flow q3
- 347000000
- Operating income non gaap
- 155500000
- Fiberon impairment to date
- 233000000
- Additional fiberon impairment estimate
- $175 million to $205 million
- Divested business annualized operating loss
- $50 million to $55 million on revenue of $320 million to $330 million
AI analysis
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