DEERFIELD, Ill. (AP) — DEERFIELD, Ill. (AP) — Fortune Brands Innovations, Inc. (FBIN) on Thursday reported third-quarter net income of $70.8 million.
On a per-share basis, the Deerfield, Illinois-based company said it had net income of 59 cents. Earnings, adjusted for asset impairment costs and non-recurring costs, came to $1.09 per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share.
The maker of products for the home, like faucets, cabinets, windows and doors posted revenue of $1.15 billion in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $1.18 billion.
Fortune Brands Innovations expects full-year earnings in the range of $3.70 to $3.80 per share.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FBIN at https://www.zacks.com/ap/FBIN
Copyright © 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
