Fortune Brands Delivers Solid Execution and Outperforms End Market; Provides Updated Full Year 2025 Guidance

Fortune Brands Innovations, Inc. (“Fortune Brands” or the “Company”), an industry-leading home, security and digital products company whose purpose is to elevate every life by transforming spaces into havens, announced second quarter 2025 results.

Highlights:

• Q2 2025 sales were $1.2 billion, a decrease of 3 percent versus Q2 2024; sales excluding the impact of China were down 1 percent
• Q2 2025 earnings per share (EPS) were $0.83, a decrease of 22 percent versus a year ago; EPS before charges / gains were $1.00, a decrease of 14 percent versus Q2 2024
• Company outperformed its end market, demonstrating solid momentum in its strategic initiatives and the strength of its brands
• Company provides updated full year 2025 guidance; Remains on track to fully offset anticipated 2025 tariff impacts and successfully navigate uncertain macroeconomic climate

“I am proud of the Company’s performance during the second quarter. Our highly-engaged team executed well, and many of our businesses gained momentum and outperformed our end market, including in Water and Outdoors,” said Fortune Brands Chief Executive Officer Nicholas Fink. “We remain on track to fully offset the anticipated 2025 impacts of the tariffs by effectively leveraging the power of our Fortune Brands Advantage capabilities across the organization, while navigating a dynamic consumer demand backdrop.”

Fink continued, “We remain committed to investing in profitable growth opportunities that align with our strategic priorities. We believe that Fortune Brands is well-positioned to deliver consistent outperformance over time, driven by world-class brands, strong leadership, and a compelling value proposition for both customers and consumers.”

Balance Sheet and Cash Flow

The Company exited the quarter with a strong balance sheet, and generated $66 million of operating cash flow and $6 million of free cash flow in the quarter. In accordance with its opportunistic, returns-based share repurchase program, the Company repurchased $63 million of shares in the quarter, and as of July 31, 2025, has repurchased $238 million of shares year to date. The Company continues to expect to finish the year with net debt to EBITDA before charges / gains between 2.2x and 2.5x.

2025 Full-Year Guidance

“I am pleased to provide updated full year 2025 guidance, which is a testament to our agility and our team’s ability to execute and drive operational excellence despite continued uncertainty across our end market,” said Fortune Brands Chief Financial Officer Jon Baksht. “Our full-year guidance reflects our decisive action to mitigate the anticipated impact of tariffs as well as our ability to work with customers and suppliers to find win-win solutions to address the challenges of an uncertain external environment. We remain committed to investing in a focused set of priorities to generate profitable growth, expand margins and cash flows and ultimately maximize shareholder value.”

For full results click here.

About Fortune Brands Innovations

Fortune Brands Innovations, Inc. (NYSE: FBIN), headquartered in Deerfield, Ill., is a brand, innovation and channel leader focused on exciting, supercharged categories in the home products, security and commercial building markets. The Company’s growing portfolio of brands includes Moen, Flo, House of Rohl, Aqualisa, Emtek, Therma-Tru, Larson, Fiberon, Master Lock, SentrySafe, Yale residential and August. To learn more about FBIN, its brands and environmental, social and governance (ESG) commitments, visit www.FBIN.com.

Contact:

Leigh Avsec – Media Contact – Investor.Questions@fbhs.com – (847) 484-4211

Source: Fortune Brands Innovations, Inc.