Quarterly ResultAug 4, 2026, 04:16 PM
Fortune Brands Q2 Sales $1.2B, GAAP EPS ($0.19); Updates FY26 Guidance
AI Summary
Fortune Brands Innovations reported second quarter 2026 results with net sales of $1.2 billion, a 4.1% decrease year-over-year. GAAP EPS was ($0.19), significantly impacted by a ($1.44) asset impairment charge, while EPS before charges/gains was $1.35, aligning with expectations and benefiting from net tariff refunds. The company updated its full-year 2026 guidance, raising EPS before charges/gains to $3.22-$3.52 and free cash flow to $370-$420 million, reflecting anticipated tariff benefits and strategic investments to enhance execution and accelerate product development.
Key Highlights
- Q2 2026 net sales decreased 4.1% to $1.2 billion compared to Q2 2025.
- Q2 2026 GAAP EPS was ($0.19), including a ($1.44) asset impairment charge.
- Q2 2026 EPS before charges/gains was $1.35, inclusive of a $0.52 net tariff refund benefit.
- Water Innovations segment sales decreased 6.5% to $605.0 million in Q2 2026.
- Security segment sales increased 3.8% to $184.4 million in Q2 2026.
- Updated full-year 2026 EPS before charges/gains guidance to $3.22 to $3.52.
- Updated full-year 2026 free cash flow guidance to $370 million to $420 million.
- Net tariff refunds are expected to benefit full-year operating income by $81 million.
Price Impact
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