Fortune Brands Cuts 2026 Guidance, Plans Fiberon Sale and China Exit
Fortune Brands Innovations reported Q3 2026 sales of $1.114 billion, down 3.1% year over year, and adjusted EPS of $1.14, up 4.6%. It lowered full-year sales guidance to $4.205 billion-$4.275 billion and adjusted EPS guidance to $3.20-$3.30. The company also plans to sell Fiberon and exit commercial operations in China by Q3 2027.
Fortune Brands Innovations reported third-quarter 2026 sales of $1.114 billion, a 3.1% decline year-over-year, while adjusted earnings per share rose 4.6% to $1.14. The company lowered its full-year 2026 sales guidance to a range of $4.205 billion to $4.275 billion and adjusted EPS guidance to $3.20—$3.30. Alongside the financial results, the company announced a strategic portfolio optimization plan, which includes the sale of its Fiberon decking business and a planned exit from commercial operations in China by Q3 2027.
Additionally, the company intends to streamline its EMEA Water business by Q4 2027, a move expected to address annual operating losses of $50 million to $55 million. Management noted that these actions are part of a broader effort to improve operational efficiency and margin performance.