Fortune Brands Innovations, Inc. (FBIN) Form 10-Q — Nov 4, 2026
Fortune Brands Innovations (FBIN) filed its Q3 2026 10-Q showing net sales of $1,113.7 million, down 3.1% year over year, and YTD net income of $51.6 million versus $222.4 million a year ago, driven largely by $303.1 million of asset impairment charges. The company recorded $223.3 million of YTD impairments on the Fiberon business ahead of an announced $160 million cash sale to a subsidiary of Inteplast Group, with an additional loss of $175-205 million expected in Q4 2026. Water segment impairments of $69.5 million were recorded in Q3 tied to an EMEA footprint rationalization and lower expected cash flows.
Key figures
- Eps
- 0.43
- Net Income
- 51600000
- Total Debt
- 2296600000
- Revenue Yoy
- -3.2%
- Cash Position
- 230900000
- Shares Outstanding
- 118475656
- Q3 net income
- 49900000
- Q3 diluted eps
- 0.42
- Q3 net sales yoy
- -3.1%
- Dividend declared
- $0.26 per share payable December 9, 2026
- Fiberon sale price
- $160 million cash
- Buyback 39wk shares
- 1900000
- Senior notes principal
- 2200000000
- Fiberon impairment 39wk
- 233000000
- Operating cash flow 39wk
- 430600000
- Water segment impairments q3
- 69500000
- Ytd asset impairment charges
- 303100000
- Expected loss on fiberon sale
- $175 million to $205 million
- Ieepa tariff refunds recorded
- $145.5 million reduction to Cost of products sold
- Prior year operating cash flow
- 270400000
- Share repurchase authorization remaining
- 742100000
AI analysis
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