Fortune Brands Innovations, Inc. elected Victor Grizzle as a Class I director effective January 1, 2027; A. D. David Mackay will retire effective December 9, 2026, and Ann Fritz Hackett will retire immediately following the 2027 Annual Meeting of Stockholders.
FBIN · Fortune Brands Innovations, Inc. · Documents
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Fortune Brands Innovations, Inc. agreed to sell Fiberon for $160 million in cash and expects a $175 million to $205 million loss after recognizing $233.0 million in asset impairment charges.
Fortune Brands Innovations reported third-quarter sales of $1.1 billion, down 3.1%, and operating income of $156 million. It expects 2026 EPS of $3.20 to $3.30 and targets more than $120 million of annual benefit as it exits 2027.
Fortune Brands Innovations, Inc. reported Q3 2026 sales of $1.1 billion, down 3.1 percent, and EPS of $0.42. It agreed to sell Fiberon, is exiting operations in China, and updated full-year EPS before charges/gains guidance to $3.20 to $3.30.
Fortune Brands Innovations announced that Dave Barry will lead Moen as EVP and President, Peter DuBois will join as EVP and Chief Information Officer effective November 2, 2026, and John Lee will become EVP and Chief Innovation Officer.
Fortune Brands Innovations agreed to sell Fiberon to a subsidiary of Inteplast Group Corporation for $160 million in cash, and expects an additional non-cash impairment of approximately $175 million to $205 million following the October 15, 2026 definitive agreement.