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Fortune Brands Innovations Q1 Non-GAAP Earnings, Revenue Increase; 2024 EPS Outlook Reaffirmed
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Fortune Brands Innovations Q1 Non-GAAP Earnings, Revenue Increase; 2024 EPS Outlook Reaffirmed
Apr 30, 2024 2:52 PM

05:17 PM EDT, 04/30/2024 (MT Newswires) -- Fortune Brands Innovations ( FBIN ) reported Q1 non-GAAP earnings Tuesday of $0.83 per diluted share, up from $0.69 a year earlier.

Analysts polled by Capital IQ expected $0.75.

Net sales for the quarter ended March 30 were $1.11 billion, up from $1.04 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.08 billion.

The company reaffirmed its 2024 non-GAAP EPS guidance between $4.20 and $4.40.

Analysts polled by Capital IQ expect $4.29.

The company expects net sales to grow 3.5% to 5.5% during the year. Analysts are looking for $4.85 billion by year-end.

Price: 72.80, Change: -0.30, Percent Change: -0.41

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