Fortune Brands Innovations

FBIN

Market cap $6.29B

We added to our senior housing investment theme by purchasing shares of Ventas, Inc. Ventas is an operator of senior housing, life science, and medical office buildings. We began acquiring shares of Champion Homes, Inc. during the quarter. During the quarter, we exited the Fund's position in Vornado Realty Trust, an owner and developer of premier office and street retail properties concentrated in New York City and reallocated the capital to real estate companies that we believe have superior near-term growth.

FLO, FBIN and LKQ have been added to the Zacks Rank #5 (Strong Sell) List on February 26, 2026.

Fortune Brands is gaining market share and outperforming end markets despite macro headwinds, positioning itself well for medium-term recovery. FBIN faces near-term margin pressure from tariff-related costs and normalized compensation, but pricing actions and $35M cost savings initiatives should offset these headwinds. Management's FY26 guidance appears conservative, with potential for outperformance as cost savings materialize and market conditions stabilize.

We added to our senior housing investment theme by purchasing additional shares of Ventas, Inc. During the quarter, we reacquired shares in best-in-class self-storage REIT Extra Space Storage Inc., which owns or operates a portfolio of over 4,200 properties in the U.S., with 14% total market share by square footage. During the quarter, we exited the Fund's position in Vornado Realty Trust.

Garden believes the company behind Moen faucets and Master Lock could grow much larger over the next decade.

Repair & remodel growth remains modest, while new construction trends continue to show uneven recovery. Fortune Brands' Q4 2025 results reflected softer volumes and mix pressures amid a subdued housing backdrop. Near-term headwinds persist with margin pressure from tariffs, inflation, and higher SG&A, but earnings recovery potential remains.

DEERFIELD, Ill.--(BUSINESS WIRE)--A multi-sensory installation takes center stage at the International Builders' Show as Therma-Tru, Larson, Fiberon, Fypon and Solar Innovations unite.

Fortune Brands Innovations, Inc. (FBIN) Q4 2025 Earnings Call Transcript

Fortune Brands missed on sales and missed on earnings. Then it lost its CEO.

While the top- and bottom-line numbers for Fortune Brands Innovations (FBIN) give a sense of how the business performed in the quarter ended December 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.