Fortune Brands Innovations, Inc. (FBIN) Form 8-K — Nov 3, 2026
Fortune Brands Innovations reported Q3 2026 net sales of $1.11 billion, down 3.1% year over year, with GAAP EPS of $0.42 (down 28.8%) including a $0.47 impairment charge. EPS before charges/gains was $1.14, up 4.6%, though this included a $0.28 net tax benefit and $0.14 of net tariff refunds. The company announced a multi-year 'Back to Business' turnaround: a $160 million sale of the Fiberon decking business to a subsidiary of Inteplast Group, exit of China commercial operations by Q3 2027, and EMEA footprint rationalization — businesses that together generate a $50-55M annualized operating loss on $320-330M of revenue. New CFO, CIO and Chief Legal Officer leadership is in place.
Key figures
- Eps
- 0.42
- Guidance
- FY2026 net sales $4,205M-$4,275M; Q4 net sales $925M-$995M; FY EPS before charges/gains $3.20-$3.30 (down from $3.37 midpoint); Q4 EPS before charges/gains $0.19-$0.29; FY operating cash flow $480M-$500M; FY free cash flow $380M-$410M
- Net Income
- 49.9
- Total Debt
- 2296.6
- Revenue Yoy
- -3.1%
- Cash Position
- 230.9
- Net debt
- $2.1 billion
- Liquidity
- ~$1.3 billion ($231M cash + $1.1B revolver availability)
- Free cash flow q3
- $331.1M
- Fiberon sale price
- $160 million to a subsidiary of Inteplast Group Corporation
- Net debt to ebitda
- 2.5x
- Sga savings target
- $70 million annualized by Q1 2027
- Share repurchases q3
- $40 million
- Impairment charges ytd
- $303.1M
- Operating cash flow q3
- $347.0M
- Gaap operating income q3
- $60.4M (-52.0%)
- Asset impairment charges q3
- $73.8M
- Eps before charges gains q3
- $1.14
- Upcoming fiberon impairment
- $175M-$205M
- Eps before charges gains yoy
- +4.6%
- Guidance bridge eps reduction
- Midpoint lowered from $3.37 to $3.25
- Operating margin before charges gains
- 14.0%
- Governance leadership transition costs ytd
- $44.2M
- Divested businesses annualized operating loss
- $50M-$55M on revenue of $320M-$330M
AI analysis
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