What the bad jobs report means for markets
Fortune Brands (NYSE:FBIN) Home & Security, Inc. (FBIN) stock has reached a 52-week low, trading at $58.86 USD, reflecting a period of significant pressure for the company. This latest price level, marking the lowest point for the stock in the past year, comes amidst a broader market downturn that has seen many stocks retreat from their previous highs. Over the past year, FBIN has experienced a notable decline, with its 1-year change data showing a decrease of -29.01%. Despite these challenges, the company maintains strong fundamentals with a gross profit margin of 45.38% and positive analyst forecasts. InvestingPro offers additional insights through its comprehensive Pro Research Report, available for over 1,400 US stocks including FBIN.
In other recent news, Fortune Brands Home & Security Inc. reported its fourth-quarter earnings for 2024, which fell short of analyst expectations. The company posted an earnings per share (EPS) of $0.98, missing the anticipated $1.06, and reported revenue of $1.1 billion, below the forecasted $1.15 billion. For the full year, Fortune Brands’ net sales remained flat at $4.6 billion, but the company did achieve a 5% increase in EPS to $4.12 and improved operating margins by 90 basis points to 16.9%. Looking ahead, Fortune Brands projects net sales growth of up to 3% for 2025, with anticipated EPS ranging from $4.15 to $4.45. The company also announced a new $1 billion share repurchase authorization, reflecting confidence in its cash generation capabilities. Despite challenges, Fortune Brands remains optimistic about its digital segment, expecting it to contribute 150 basis points to growth in 2025. Additionally, the company plans to consolidate its regional offices into a new headquarters in Deerfield, Illinois, aiming to enhance collaboration and innovation.
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