Fortune Brands Innovations, Inc.FBIN

Fortune Brands Innovations, Inc. (FBIN) is a company that seems to be struggling to balance its financials. Despite a decent operating income of $60.2M for the period ending 2026-03-28, their liabilities of $4.19B paint a less rosy picture. The company's latest filing reveals that they're concentrated partnerships to advance their connected products, from Yale smart locks to the Moen Flo System, but their net cash used in operating activities for the same period was a whopping $-119.2M.

FBIN is a company that specializes in connected products, such as Yale smart locks and the Moen Flo System. They're also making strides in the area of responsible products, with water-saving innovations from Moen and energy-efficient fiberglass entry doors from Therma-Tru. Their mission to help consumers save 1 trillion gallons of water by 2030 is commendable, but their financials tell a different story.

For the period ending 2026-03-28, FBIN reported revenues of $1.01B, operating income of $60.2M, assets of $6.55B, and liabilities of $4.19B. Their cash and cash equivalents at carrying value were $223.1M, while their net cash provided by (used in) operating activities was $-119.2M. Payments to acquire property, plant, and equipment were $20.3M, and their inventory, net, stood at $1.04B. The increase (decrease) in inventories was $14.5M, and their earnings per share, diluted, were $0.20. The weighted average number of shares outstanding, diluted, was 120.2M shares. (source: SEC EDGAR 10-Q, https://www.sec.gov/Archives/edgar/data/1519751/000119312526211916/fbin-20260328.htm)

FBIN's latest 13G filing shows some interesting ownership changes, but the company is still trying to figure out how to navigate its financial woes. With liabilities of $4.19B and assets of $6.55B, they're not exactly swimming in cash. And with their net cash used in operating activities for the period ending 2026-03-28 being $-119.2M, it's clear that the company is still struggling to turn a profit that would make anyone want to jump up and down with joy. (source: SEC EDGAR 13G, https://www.sec.gov/Archives/edgar/data/1519751/000102779626000045/xslSCHEDULE_13G_X02/primary_doc.xml)