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Fortune Brands Q2 Revenue Reaches $1.2B, Exceeds Expectations
Reports Q2 revenue $1.2B, consensus $1.16B. "Our second quarter results were in line with expectations, and we continue to focus on improving execution. Since stepping into the role, I have spent time with our business teams and engaged in initial conversations with customers and channel partners. I have been impressed with the underlying strength of our brands and portfolio, and I see real opportunity to expand our position in the market across all of our businesses. Our teams are moving with urgency to serve our customers better, bring greater discipline to our cost base, refocus resources on our core businesses and generate sustainable growth. Our updated full year guidance reflects investments to execute on these opportunities," said Fortune Brands Chief Executive Officer Jesse Singh. "I believe the company's long-term potential is significant, and I am confident that with the right focus and investment, we can set the company up for a stronger future."
Sees Net Sales Down Low Single Digits, Capex $110M-$125M
Consensus $3.12. Sees net sales down low single digits. Sees capex $110M-$125M
Fortune Brands Innovations Appoints Jesse Singh as CEO
Fortune Brands Innovations announced that its Board of Directors has unanimously appointed Jesse Singh as Chief Executive Officer and to the Board of Directors. Singh will start as CEO and join the Board effective today, June 29, 2026. Most recently, Singh was CEO of The AZEK Company from 2016 to 2025
Fortune Brands Initiates Strategic Review of Fiberon
Fortune Brands Innovations announced that in collaboration with the Board of Directors, management has initiated a formal strategic review of its Fiberon composite decking business. The process will explore a range of strategic alternatives while Fiberon continues to execute against its near-term commercial priorities and support and service customers. "Fortune Brands is committed to maximizing shareholder value through disciplined portfolio management," said Fortune Brands Interim Chief Executive Officer David Barry. "While Fiberon is a strong brand with proven innovation credentials and well-established channel relationships, this strategic review supports our sharpened focus on our core platforms that drive profitable growth."
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