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 Security. The company took on its current structure, as Fortune Brands Innovations, with the separation of the MasterBrand cabinets business on December 14, 2022. FBIN generated $4.6 billion in 2023 sales, with 55% coming from the Water Innovations division, 29% from Outdoors, and 16% from Security. Approximately 67% of North American sales came from the repair and remodeling market in 2022, 23% from the single family new construction, and 10% from multifamily new construction. We will update these numbers after we review the annual report for 2023. The current business
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Chris Graja, CFA
Senior Analyst: Retail