Fortune Brands Innovations Inc FBIN

Morningstar Rating

Fortune Brands Midcycle Margins Should Be Materially Higher Than the Current Level

Business Strategy and Outlook

Fortune Brands is a homebuilding products company that sells faucets, doors, locks, and other items found in many American homes. Fortune Brands’ water segment includes the Moen brand, which holds a leading market share in the American market. The water segment makes up over 60% of operating income and will be the main driver of the business. The outdoor (doors, decking, and railing) and security (locks and security products) segments make up the remaining business.

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