Fortune Brands Innovations Inc

FBIN: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$29.00	Qbjggdx	Qkcktdmrz

Fortune Brands Earnings: Solid Results Despite Soft Repair and Remodel Market; Digital Sales Growing

Brian Bernard

Jul 26, 2024

Considering soft repair and remodeling spending in the United States and challenging market conditions in China, we thought Fortune Brands Innovations’ second-quarter financial performance was solid. While consolidated reported revenue increased 7% year over year, that growth came primarily from businesses acquired from Assa Abloy in June 2023. Organic revenue growth declined 3% year over year. Even so, adjusted operating margin expanded 40 basis points to 17.4%.

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