Reports Q1 revenue $1.04B, consensus $1.01B. "Our solid results for our first full quarter as Fortune Brands Innovations speak to the true potential of our new Company," said Fortune Brands Chief Executive Officer Nicholas Fink. "We took proactive steps to prepare for an expected challenging 2023, while also focusing on long-term growth. By leveraging our Fortune Brands Advantage capabilities and focusing on building leading brands, driving meaningful innovation, and collaborating with our channel partners, we will continue to position the Company for outperformance in any environment." Fink continued, "Looking forward, we remain confident in the mid- to long-term strength of the housing market. Our leading products play in the most attractive, highest growth areas of our markets, and our more balanced exposure to new construction and smaller-ticket repair and remodel should position us to capture exceptional opportunities as the housing market returns to growth."
Published first on TheFly
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