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Jul 01, 2023
Fortune Brands Q2 2023 Earnings Report
Delivered solid sales and strong margin results amidst a dynamic macro environment and increased full-year 2023 guidance.
Key Takeaways
Fortune Brands Innovations reported Q2 2023 results with sales of $1.2 billion, a decrease of 7% compared to Q2 2022. Despite the sales decrease, the company delivered strong margin results and increased its full-year 2023 sales, EPS before charges / gains and free cash flow guidance.
Q2 2023 sales were $1.2 billion, a decrease of 7 percent versus Q2 2022
Q2 2023 earnings per share (EPS) were $0.80, a decrease of 27 percent versus a year ago
EPS before charges / gains were $1.07, a decrease of 4 percent versus Q2 2022
Full-year 2023 guidance adjusted upward reflecting the impact of the recent acquisition, operational outperformance and stronger than expected market conditions
Fortune Brands
Fortune Brands
Fortune Brands Revenue by Segment
Revenue by Segment
Water Revenue
CapyFin.comOutdoors Revenue
CapyFin.comSecurity Revenue
CapyFin.com Forward Guidance
The Company is increasing full-year EPS before charges / gains guidance to a range of $3.75 to $3.90, reflecting the impact of the Acquisition and improved market conditions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income