Fortune Brands Innovations (FBIN) FY2024 results: revenue $4.6 billion, down 0.4% on the year
Fortune Brands Innovations, Inc. (FBIN) reported revenue of $4.6 billion for fiscal 2024, the year ended 28 December 2024, down 0.4% on the year before. Net income was $472 million, up 16.7%, and diluted earnings per share $3.75. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2025.
Revenue
$4.6 billion
-0.4% on the year
FY2017FY2024
Operating margin
16.0%
13.3% a year earlier
FY2017FY2024
Net income
$472 million
+16.7% on the year
FY2017FY2024
Diluted EPS
$3.75
+18.3% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
668
1,056
566
-36.7%
Capital expenditure
193
256
246
-24.6%
Free cash flow
474
799
320
-40.6%
Free cash flow margin
10.3%
17.3%
6.8%
Cash from investing
-303
-1,038
-456
Cash from financing
-363
-271
72.5
Depreciation and amortisation
194
169
175
+14.7%
Share-based compensation
39.3
34.2
50.2
+14.9%
Buybacks
240
150
580
+60.3%
Dividends paid
120
117
146
+2.4%
Dividend per share
$0.97
$0.93
$1.07
+4.3%
Diluted shares, weighted
126m
128m
131m
-1.6%
Shares outstanding at period end
124m
126m
128m
-2.1%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
2,422
2,293
2,087
+5.6%
Short-term borrowings
500
0.0
599
Debt
2,673
2,670
2,674
+0.1%
Operating lease liabilities
122
143
95.4
-15.1%
Other liabilities
845
1,458
666
-42.0%
Total liabilities and equity
6,562
6,565
6,121
-0.0%
Fixed assets
999
975
784
+2.5%
Goodwill
1,992
1,907
1,641
+4.5%
Intangible assets
1,297
1,355
1,001
-4.2%
Cash and equivalents
381
366
642
+4.0%
Receivables
514
534
522
-3.7%
Inventory
960
982
1,021
-2.2%
Other assets
418
446
510
-6.3%
Total assets
6,562
6,565
6,121
-0.0%
10-K for the year ended 28 December 2024, filed 25 February 2025: the filing.