Quarterly ResultMay 7, 2026, 04:20 PM
Fortune Brands Q1 Sales Down 2% to $1.0B; EPS $0.20; Lowers 2026 Guidance
AI Summary
Fortune Brands Innovations reported a decline in first quarter 2026 results, with sales decreasing 2% to $1.0 billion and GAAP EPS falling 52% to $0.20. The company cited inconsistent execution and a dynamic external environment, including increased commodity inflation and cautious consumer sentiment. Consequently, Fortune Brands updated its full-year 2026 guidance, lowering expectations for net sales, adjusted EPS, and cash flow.
Key Highlights
- Q1 2026 sales $1.0B, down 2% YoY; GAAP EPS $0.20, down 52% YoY.
- Q1 2026 adjusted EPS $0.53, down 20% YoY.
- Water Innovations sales $563.7M, down 0.3%; Outdoors sales $294.4M, down 3.4%.
- Security segment sales $153.2M, down 6.0%.
- Repurchased $43.5M of shares in Q1 2026.
- Updated 2026 full-year net sales guidance: down low single digits (previously flat to +2.0%).
- Updated 2026 full-year adjusted EPS guidance: $3.00-$3.30 (previously $3.35-$3.65).
- Updated 2026 full-year operating cash flow guidance: $475M-$510M (previously $540M-$560M).