Nov 3, 4:12 PM ET
Fortune Brands reported third quarter 2026 net sales of $1.1 billion, down 3.1% from a year earlier, and GAAP diluted EPS of $0.42 after a $73.8 million asset impairment charge. EPS before charges and gains rose 4.6% to $1.14, helped by a $0.28 net tax benefit and $0.14 of net tariff refunds. The company cut its full-year 2026 EPS before charges and gains guidance to $3.20 to $3.30, from a prior midpoint of $3.37, as it sells Fiberon, exits its China business and reduces its EMEA footprint.
- Q3 2026 net sales were $1.1 billion, down 3.1%; GAAP operating income was $60.4 million, down 52.0%.
- Full-year 2026 EPS before charges and gains guidance is $3.20 to $3.30, versus a prior midpoint of $3.37.
- Full-year 2026 net sales guidance is $4,205 million to $4,275 million.
- The company entered a purchase agreement to sell Fiberon, exits China commercial operations by Q3 2027, and expects $70 million of annualized SG&A savings by Q1 2027.
Read the filing on SEC.gov ↗
Oct 27, 4:54 PM ET
Fortune Brands Innovations, Inc. announced several leadership changes, including Executive Vice President and Chief Operating Officer Dave Barry's move to lead the Moen business and the hiring of Peter DuBois as Chief Information Officer. The company said the changes are meant to give its businesses more focus and speed up execution, and the filing gives no financial figures for the changes.
- Dave Barry moves from Executive Vice President and Chief Operating Officer to Executive Vice President and President, Moen; the company determined this on October 22, 2026
- Peter DuBois joins as Executive Vice President and Chief Information Officer effective November 2, 2026, reporting to CEO Jesse Singh; he previously was Chief Digital and Technology Officer of Serta Simmons Bedding
- John D. Lee moves to Executive Vice President and Chief Innovation Officer effective November 2, 2026, and will focus on R&D and Consumer Services
- Rachel Roberts becomes Chief Commercial Officer for Moen; Matt Zimmer, General Manager of House of Rohl since June 2026, will report directly to Singh
Read the filing on SEC.gov ↗
Oct 15, 4:16 PM ET
Fortune Brands signed a definitive agreement to sell its Fiberon composite decking business to a subsidiary of Inteplast Group Corporation for $160 million in cash. The company expects an additional non-cash impairment charge estimated at about $175 million to $205 million, on top of the $221.2 million impairment recorded as of June 27, 2026. Closing is subject to regulatory approval and is expected within 60 days.
- Definitive purchase agreement executed October 15, 2026, with a subsidiary of Inteplast Group Corporation for $160 million in cash.
- Expected additional non-cash impairment charge of approximately $175 million to $205 million relating to Fiberon.
- Earlier impairment of $221.2 million recorded as of June 27, 2026, within the Outdoors segment.
- Closing subject to regulatory approval and expected within 60 days.
Read the filing on SEC.gov ↗
Sep 9, 4:16 PM ET
Fortune Brands Innovations appointed Peter G. Clifford as Executive Vice President and Chief Financial Officer, effective September 21, 2026. Interim CFO Ashley George will return to her prior role as Senior Vice President, Finance. The filing also sets out Clifford's pay and inducement equity awards, which are granted outside the company's 2022 Long-Term Incentive Plan.
- Clifford, 56, was CFO of Filtration Group Corporation until August 2026.
- Base salary of $700,000, annual bonus target of 90% of base salary, and long-term incentive target of $1,950,000.
- Inducement awards: performance-based RSUs on 130,000 shares and stock options on 65,000 shares, to be granted September 28, 2026.
- Ashley George, Interim CFO, will become Senior Vice President, Finance.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.