Fortune Brands Innovations Inc

FBIN: XNYS (USA)

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Fortune Brands Earnings: Profit Margins Resilient Despite Disappointing Sales

Brian Bernard

Nov 7, 2024

Third-quarter revenue declined 8% year over year to $1.2 billion as still-soft US repair and remodel spending, channel destocking of decking and security products, and a very challenging Chinese market were key headwinds. Even so, adjusted operating margin expanded 130 basis points to 18.7%.

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Fortune Brands Innovations Inc

Fortune Brands Earnings: Profit Margins Resilient Despite Disappointing Sales

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