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Dec 31, 2024
Fortune Brands Q4 2024 Earnings Report
Key Takeaways
Fortune Brands reported Q4 2024 revenue of $1.1 billion, down 5% year-over-year, while adjusted EPS increased by 3% to $0.98. The company showed strong margin progress, with operating income up 33% to $178.3 million. Challenges included a third-party software outage and weak sales in China.
Revenue by Segment
Forward Guidance
Fortune Brands expects to outperform the market with a focus on margin expansion and strategic investments. The company anticipates flat to 3% revenue growth and strong free cash flow generation.
Positive Outlook
- Targeting operating margin before charges/gains of 16.5% to 17.5%
- Expecting adjusted EPS between $4.15 and $4.45
- Strong free cash flow guidance of $580 million to $620 million
- Continued investment in digital and strategic priorities
- New $1 billion share repurchase authorization
Challenges Ahead
- Global market expected to decline by up to 2%
- U.S. market anticipated to remain flat to down 2%
- China sales forecasted to decline between 10% and 15%
- Potential headwinds from macroeconomic 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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