Fortune Brands Innovations Inc

FBIN: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$68.00	Cytkpgd	Stllvvqhv

Fortune Brands Earnings: Solid Performance Amid Softer Construction and Repair and Remodel Markets

Brian Bernard

Oct 26, 2023

We don't expect to materially change our $74 per share fair value estimate following Fortune Brands Innovations' third-quarter earnings report. The firm's performance was largely in line with our projections, as is management's revised 2023 outlook. And while management's 2024 outlook struck us as cautious, we still think there's a pathway for Fortune Brands to achieve low-single-digit percentage organic sales growth next year.

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