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Fortune Brands

🇺🇸 NYSE:FBIN

View Company

Overview Earnings Dividends

Apr 30, 2024

•

Mar 30, 2024

Fortune Brands Q1 2024 Earnings Report

Fortune Brands reported first quarter sales and margin results that exceeded expectations, driven by strong execution of strategy.

Key Takeaways

Fortune Brands Innovations reported a 7% increase in net sales to $1.1 billion for Q1 2024. EPS increased by 13% to $0.76, and EPS before charges/gains increased by 20% to $0.83. The company reaffirmed its full-year 2024 guidance.

Q1 2024 sales increased by 7% to $1.1 billion compared to Q1 2023.

Organic sales decreased by 3% versus Q1 2023.

Q1 2024 EPS was $0.76, a 13% increase year-over-year.

EPS before charges/gains was $0.83, a 20% increase year-over-year.

Total Revenue

$1.11B

Previous year: $1.04B

+6.7%

EPS

$0.83

Previous year: $0.69

+20.3%

Operating Margin

14%

Previous year: 12.7%

+10.2%

Op Margin (Adj.)

15.1%

Previous year: 13.1%

+15.3%

Gross Profit

$470M

Previous year: $1.04B

-54.8%

Cash and Equivalents

$360M

Previous year: $539M

-33.3%

Free Cash Flow

-$136M

Previous year: $35.8M

-479.6%

Total Assets

$6.79B

Previous year: $5.97B

+13.7%

Fortune Brands

Fortune Brands Revenue by Segment

Revenue by Segment

Security Revenue

CapyFin.com

Forward Guidance

Fortune Brands reaffirmed its full year 2024 financial guidance, expecting to outperform the market amid a dynamic external environment.

Positive Outlook

Prioritize above-market sales growth opportunities
Focus on margin expansion
Focus on cash generation
Continue to invest in key strategic priorities
Maintain a returns-focused view

Company Overview

Full financial data and analysis

View Fortune Brands