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Sep 30, 2023
Fortune Brands Q3 2023 Earnings Report
Fortune Brands delivered solid results and raised its full-year non-GAAP EPS guidance.
Key Takeaways
Fortune Brands Innovations reported a 5% increase in sales compared to Q3 2022, with EPS at $1.07. The company raised its mid-point of full-year 2023 non-GAAP EPS guidance and continues to generate strong operating and free cash flow.
Q3 2023 sales were $1.3 billion, an increase of 5 percent over Q3 2022.
Organic sales were $1.1 billion, a decrease of 4 percent versus Q3 2022
Q3 2023 earnings per share (EPS) were $1.07, a decrease of 2 percent versus a year ago; EPS before charges / gains were $1.19, an increase of 3 percent versus Q3 2022
Company raises mid-point of full-year 2023 non-GAAP EPS guidance
Fortune Brands
Fortune Brands
Forward Guidance
The Company is updating its full-year 2023 guidance to reflect current expectations for 2023.