Fortune Brands Q3 2024 Earnings Report
Key Takeaways
Fortune Brands Innovations reported Q3 2024 sales of $1.2 billion, an 8% decrease compared to Q3 2023. EPS increased by 2% to $1.09, while EPS before charges/gains decreased by 3% to $1.16. The company updated its full-year 2024 guidance to reflect current market conditions and the impact of recent hurricanes.
Q3 2024 sales were $1.2 billion, down 8% versus Q3 2023; organic sales excluding the impact of China were down 5%.
Q3 2024 earnings per share (EPS) were $1.09, an increase of 2% versus a year ago.
EPS before charges / gains were $1.16, a decrease of 3% versus Q3 2023
Company updates full-year 2024 guidance to reflect current market conditions and impact of recent hurricanes
Fortune Brands
Fortune Brands
Forward Guidance
The Company updated its full-year 2024 guidance to reflect current market conditions, which include lower POS performance, incremental channel destocking and short-term impacts from recent hurricanes.