Fortune Brands Innovations Inc

For the period ended Dec 30, 2023. Filed Feb 27, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 27, 2024

FBIN$49.83-3.5%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income

Consolidated Statements of Income	Fortune Brands Innovations, Inc. and Subsidiaries

	For years ended
(In millions, except per share amounts)	December 30, 2023	December 31, 2022	December 31, 2021
NET SALES	$4,626.2	$4,723.0	$4,801.1
Cost of products sold	2,714.8	2,790.1	2,840.6
Selling, general and administrative expenses	1,168.4	1,077.9	1,093.7
Amortization of intangible assets	62.1	48.3	46.4
Asset impairment charges	33.5	—	—
Restructuring charges	32.5	32.4	9.3
OPERATING INCOME	614.9	774.3	811.1
Interest expense	116.5	119.2	84.3
Other (income) expense, net	(19.5)	(12.0)	0.4
Income from continuing operations before income taxes	517.9	667.1	726.4
Income taxes	112.4	127.2	166.7
Income from continuing operations, net of tax	405.5	539.9	559.7
Income (loss) from discontinued operations, net of tax	(1.0)	146.8	212.7
NET INCOME	$404.5	$686.7	$772.4
BASIC EARNINGS PER COMMON SHARE
Continuing operations	$3.20	$4.14	$4.07
Discontinued operations	(0.01)	1.13	1.55
Basic earnings per share attributable to Fortune Brands	$3.19	$5.27	$5.62
DILUTED EARNINGS PER COMMON SHARE
Continuing operations	$3.17	$4.11	$4.01
Discontinued operations	—	1.12	1.53
Diluted earnings per share attributable to Fortune Brands	$3.17	$5.23	$5.54
Basic average number of shares outstanding	126.9	130.3	137.5
Diluted average number of shares outstanding	127.7	131.3	139.5

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.