Fortune Brands Delivers Margin and EPS Results In-line with Expectations; Plans to Fully Offset Anticipated 2025 Tariff Impacts and Mitigate Volume Softness; Q1 2025 Fortune Brands Earnings Release

Published: 2025-05-07 11:11:42 ET FBIN

Published on 05/07/2025 at 11:11

Fortune Brands Innovations - Highlights:

* Q1 2025 sales were $1.0 billion, a decrease of 7 percent versus Q1 2024; organic sales excluding the impact of China and FX were down 5 percent

* Q1 2025 earnings per share (EPS) were $0.42, a decrease of 45 percent versus a year ago; EPS before charges / gains were $0.66, a decrease of 20 percent versus Q1 2024

* The Company is implementing tariff mitigation strategies designed to fully offset anticipated 2025 tariff impacts while capitalizing on identified opportunities

* Management will provide an EPS guidance framework for different volume scenarios on today's earnings call

DEERFIELD, Ill-- Fortune Brands Innovations, Inc. (NYSE: FBIN or 'Fortune Brands' or the 'Company'), an industry-leading innovation company whose purpose is to elevate every life by transforming spaces into havens, today announced first quarter 2025 results.

'During the first quarter, we delivered margins and earnings per share in-line with our expectations,' said Fortune Brands Chief Executive Officer Nicholas Fink. 'Rapidly changing geopolitical and macroeconomic environments are impacting the consumer and demand for our products. Our teams have consistently demonstrated the ability to respond promptly to challenges, and to leverage such challenges to identify and prioritize opportunities to outperform, and we will do so once again. Our teams are focused on mitigating the expected impacts of tariffs, making key investments, expanding our digital business and maintaining a strong balance sheet. We are also planning on leveraging our strong U.S. and North American manufacturing presence and continued momentum in our digital businesses to drive market outperformance.'

Fink continued, 'We remain fully confident in our long-term strategy, and we believe we are well-positioned to manage cost, cash and beat the market amidst an uncertain landscape.'

First Quarter 2025 Results: See full release at:

https://ir.fbin.com/news-releases/news-release-details/fortune-brands-delivers-margin-and-eps-results-line-expectations