AllAnalyst Report
logoArgusFebruary 17, 2023

Fortune Brands Innovations, Inc.: Reducing 2023 estimate

Symbols
FBIN
Sector(s)
Industrials
Rating
Current Price
$74.18
Price Target
Earnings Estimate
Summary

Fortune Brands Innovations, based in Deerfield, Illinois, became an independent public company on October 3, 2011, when it separated from its former parent Fortune Brands and became Fortune Brands Home and Securtity. The company took on its current structure, as Fortune Brands Innovations, with the separation of the MasterBrand cabinets business on December 14, 2022. The businesses that are part of FBIN generated $4.7 billion in 2022 sales based on the company's guidance, with 55% coming from the Water Innovations division and 45% from Outdoors & Security. In 2023, the company will report Outdoors and Security as separate segments. Approximately 67% of North American sales came from the repair and remodeling market in 2021, 23% from the si

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Analyst Profile

Chris Graja, CFA

Senior Analyst: Retail
Chris covers the Consumer sector for Argus. He was the #1 Stock Picker in the Household Durables sector, winning the 2019 StarMine U.S. Analyst award from Refinitiv. He was the #1 Stock Picker in Food and Staples Retailing, winning back-to-back U.S. Analyst Awards in 2015 and 2016. He received a prestigious Volunteer of the Year award from the New York Society of Security Analysts in 2000. Prior to Argus, Chris spent 16 years at Bloomberg Financial Markets. He was the Director of Training and a Senior Researcher for Bloomberg’s research division before joining the new Bloomberg magazine as Technical Studies Editor in 1993. He rose to Executive Markets Editor of the publishing group. Chris co-authored the book “Investing in Small-Cap Stocks,” which was published in three U.S. editions, an audio book, and two Chinese editions. Chris earned an MBA from Rutgers University. He is a CFA charterholder.