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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
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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