Fortune Brands Innovations, Inc. — Third Quarter 2026 Earnings Summary

Fortune Brands Innovations reported third-quarter 2026 sales of $1.1 billion, a 3.1% decrease from the prior year, with GAAP earnings per share of $0.42 impacted by a $47 million asset impairment charge. The company is executing a multi-year turnaround plan that includes selling its Fiberon business, exiting commercial operations in China, and rationalizing its EMEA footprint to address an annualized operating loss of approximately $50 million to $55 million. Management updated its full-year 2026 guidance, projecting net sales between $4.205 billion and $4.275 billion and non-GAAP earnings per share between $3.20 and $3.30. Despite the near-term headwinds from portfolio optimization and a softer single-family construction market, the company expects to generate between $380 million and $410 million in free cash flow for the year.