By Amira McKee
Shares of Fortune Brands Innovation tumbled after logging fourth-quarter adjusted earnings and sales that underperformed Wall Street expectations.
The stock dropped 19% to $50.76 in Friday morning trading. The shares have retreated 25% in the past year.
The building products company posted a fourth-quarter net income of $76.4 million, or 63 cents a share, compared with $105.1 million, or 84 cents a share, a year earlier.
Adjusted earnings came in at 86 cents a share, missing the 99 cents that analysts polled by FactSet had predicted.
Sales fell 2% to $1.08 billion, below Wall Street's forecast of $1.14 billion, according to FactSet.
For 2026, the company guided for full-year adjusted earnings of $3.35 to $3.65 a share on flat to 2% sales growth. Analysts polled by FactSet forecast adjusted earnings per-share of $3.81 on sales of $4.56 billion. The sales estimate represents expected growth of around 2.1% compared with the year prior.
Fortune Brands said the outlook reflects continued macroeconomic uncertainty as the company focuses on outperforming its end markets and executing initiatives to drive long-term margin improvements.
The company also named Amit Banati chief executive, effective May 13. Banati will succeed Nicholas Fink, who will depart after six years in the role.
Write to Amira McKee at amira.mckee@wsj.com
(END) Dow Jones Newswires
February 13, 2026 10:54 ET (15:54 GMT)
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