Fortune Brands Innovations Inc
For the period ended Dec 28, 2024. Filed Feb 25, 2025.
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FY2024 · Filed Feb 25, 2025
FBIN$49.83-3.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
| Consolidated Statements of Income | Fortune Brands Innovations, Inc. and Subsidiaries |
|---|
| For years ended | |||
|---|---|---|---|
| (In millions, except per share amounts) | December 28, 2024 | December 30, 2023 | December 31, 2022 |
| NET SALES | $4,609.0 | $4,626.2 | $4,723.0 |
| Cost of products sold | 2,542.7 | 2,714.8 | 2,790.1 |
| Selling, general and administrative expenses | 1,239.1 | 1,168.4 | 1,077.9 |
| Amortization of intangible assets | 73.1 | 62.1 | 48.3 |
| Asset impairment charges | — | 33.5 | — |
| Restructuring charges | 16.2 | 32.5 | 32.4 |
| OPERATING INCOME | 737.9 | 614.9 | 774.3 |
| Interest expense | 120.5 | 116.5 | 119.2 |
| Other expense (income), net | 11.9 | (19.5) | (12.0) |
| Income from continuing operations before income taxes | 605.5 | 517.9 | 667.1 |
| Income taxes | 133.6 | 112.4 | 127.2 |
| Income from continuing operations, net of tax | 471.9 | 405.5 | 539.9 |
| (Loss) income from discontinued operations, net of tax | — | (1.0) | 146.8 |
| NET INCOME | $471.9 | $404.5 | $686.7 |
| BASIC EARNINGS PER COMMON SHARE | |||
| Continuing operations | $3.78 | $3.20 | $4.14 |
| Discontinued operations | — | (0.01) | 1.13 |
| Basic earnings per share | $3.78 | $3.19 | $5.27 |
| DILUTED EARNINGS PER COMMON SHARE | |||
| Continuing operations | $3.75 | $3.17 | $4.11 |
| Discontinued operations | — | — | 1.12 |
| Diluted earnings per share | $3.75 | $3.17 | $5.23 |
| Basic average number of shares outstanding | 124.8 | 126.9 | 130.3 |
| Diluted average number of shares outstanding | 125.7 | 127.7 | 131.3 |
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