Fortune Brands Innovations (FBIN) reported Q4 non-GAAP earnings Thursday of $0.98 per diluted share, up from $0.95 a year earlier.
Analysts polled by FactSet expected $1.05.
Net sales for the quarter ended Dec. 28 were $1.1 billion, down from $1.16 billion a year earlier.
Analysts surveyed by FactSet expected $1.15 billion.
The company expects 2025 non-GAAP EPS between $4.15 and $4.45.
Analysts polled by FactSet expect $4.50.
The company also said that its board approved the repurchase of up to $1 billion of shares during the next two years. The new share buyback plan replaces a previous authorization, which expires on Jan. 29, 2026, and has $409 million remaining, the company said.
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