Fortune Brands Innovations, Inc.

Listed Company

FBINCIK 0001519751NYSELarge AcceleratedMillwood, Veneer, Plywood, & Structural Wood MembersDelawareFY ends Dec 27

Period

FY 2025

Revenue

$4.46B

Net Income

$298.80M

Total Assets

$6.52B

Equity

$2.39B

Shares Out

119.99M

Op. Cash Flow

$478.60M

Business

Fortune Brands Innovations, Inc. is a branded innovation company that designs, manufactures, sources and sells residential and commercial products to elevate living spaces. It offers faucets, sinks, waste disposals, entry and storm doors, composite decking, millwork, locks, safes, electronic access solutions and related accessories, plus digital and connected products and services. The company operates through three reportable segments: Water, Outdoors and Security. It sells primarily in North America and China and distributes via dealers, wholesalers, home centers, retailers, showrooms, e-commerce and direct-to-consumer channels.

Summary from filing dated 2025-02-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
NET SALES	4,463	4,609	4,626	4,723	4,801
Cost of products sold	2,474	2,543	2,715	2,790	2,841
Selling, general and administrative expenses	1,292	1,239	1,168	1,078	1,094
Amortization of intangible assets	75	73	62	48	46
Asset impairment charges	54	0	34	0	0
Restructuring charges	52	16	33	32	9
OPERATING INCOME	516	738	615	774	811
Interest expense	115	121	117	119	84
Other (income) expense, net	−4	12	−20	−12	400,000
Income before income taxes	405	606	518	667	726
Income taxes	106	134	112	127	167
Income from continuing operations, net of tax	299	472	406	540	560
(Loss) income from discontinued operations, net of tax	0	0	−1	147	213
NET INCOME	299	472	405	687	772
Continuing operations	2.48	3.78	3.2	4.14	4.07
Discontinued operations	0	0	−0.01	1.13	1.55
Basic earnings per share	2.48	3.78	3.19	5.27	5.62
Continuing operations	2.47	3.75	3.17	4.11	4.01
Discontinued operations	0	0	0	1.12	1.53
Diluted earnings per share	2.47	3.75	3.17	5.23	5.54
Basic average shares outstanding	121	125	127	130	138
Diluted average number of shares outstanding	121	126	128	131	140

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	264	381	366	643	426
Accounts receivable less allowances for discounts and credit losses	513	514	534	522	580
Inventories	1,025	960	982	1,021	890
Other current assets	172	152	163	275	135
TOTAL CURRENT ASSETS	1,974	2,007	2,046	2,460	2,745
Property, plant and equipment, net of accumulated depreciation	806	999	975	784	671
Operating lease assets	260	148	174	119	131
Goodwill	2,006	1,992	1,907	1,641	1,539
Other intangible assets, net of accumulated amortization	1,232	1,297	1,355	1,001	968
Assets held for sale	114	3	—	0	1,776
Other assets	129	115	109	116	108
TOTAL ASSETS	6,521	6,562	6,565	6,121	5,447
Short-term debt	0	500	0	599	400
Accounts payable	525	514	568	422	561
Other current liabilities	547	589	632	524	646
TOTAL CURRENT LIABILITIES	1,072	1,602	1,200	1,545	1,971
Long-term debt	2,545	2,174	2,670	2,074	2,310
Deferred income taxes	147	117	111	137	82
Accrued defined benefit plans	23	33	47	80	81
Operating lease liabilities	244	122	143	95	109
Other non-current liabilities	102	92	99	103	170
TOTAL LIABILITIES	4,132	4,140	4,272	4,034	4,871
Commitments (Note 17) and Contingencies (Note 21)	—	—	—	—	—
Common stock	2	2	2	2	2
Paid-in capital	3,214	3,189	3,135	3,070	3,018
Accumulated other comprehensive income	64	42	63	37	−25
Retained earnings	3,135	2,957	2,605	2,324	2,808
Treasury stock	−4,027	−3,768	−3,512	−3,346	−2,739
TOTAL EQUITY	2,389	2,422	2,293	2,087	3,065
TOTAL LIABILITIES AND EQUITY	6,521	6,562	6,565	6,121	7,936

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation	119	121	107	127	125
Amortization of intangibles	76	73	62	—	—
Non-cash lease expense	52	39	35	45	43
Stock-based compensation	21	39	34	50	50
Recognition of actuarial loss (gain)	0	18	−500,000	−1	800,000
Deferred taxes	32	200,000	−26	15	2
Other operating acivities, net	400,000	−3	3	7	—
Decrease in accounts receivable	6	6	26	66	−152
(Increase) decrease in inventories	−55	17	149	−199	−324
(Decrease) increase in accounts payable	10	−29	101	−161	138
(Increase) decrease in other assets	−18	−9	170	14	1
(Decrease) in accrued taxes	−7	−11	−17	−66	8
(Decrease) in accrued expenses and other liabilities	−108	−65	−25	−130	−50
NET CASH PROVIDED BY OPERATING ACTIVITIES	479	668	1,056	566	689
Capital expenditures	−112	−193	−257	−246	−214
Proceeds from the disposition of assets	7	27	3	8	2
Cost of acquisitions, net of cash acquired	0	−135	−784	−218	5
Other investing activities, net	0	−1	0	0	0
NET CASH USED IN INVESTING ACTIVITIES	−105	−303	−1,038	−456	−207
Repayment of short-term debt	−500	0	−600	−1,100	0
Issuance of long-term debt	1,920	915	1,065	5,975	1,245
Repayment of long-term debt	−1,550	−915	−470	−5,613	−1,510
Proceeds from the exercise of stock options	5	16	18	1	42
Employee withholding taxes paid related to stock-based compensation	−8	−14	−15	−27	−13
Dividends to stockholders	−121	−120	−117	−146	−143
Treasury stock purchases	−248	−240	−150	−580	−448
Other financing activities, net	−1	−5	−3	−23	−1
NET CASH (USED IN) FINANCING ACTIVITIES	−503	−363	−271	73	−429
Effect of foreign exchange rate changes on cash	12	−12	500,000	−11	−2
NET (DECREASE) IN CASH AND CASH EQUIVALENTS	−118	−10	−253	172	51
Interest	123	127	121	103	77
Income taxes paid directly to taxing authorities	79	152	120	278	229
Dividends declared but not paid	31	31	30	29	38

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro