Fortune Brands Innovations: Q4 Earnings Snapshot

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DEERFIELD, Ill. (AP) — DEERFIELD, Ill. (AP) — Fortune Brands Innovations, Inc. (FBIN) on Thursday reported fourth-quarter profit of $105.1 million.

On a per-share basis, the Deerfield, Illinois-based company said it had net income of 84 cents. Earnings, adjusted for non-recurring costs, were 98 cents per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share.

The maker of products for the home, like faucets, cabinets, windows and doors posted revenue of $1.1 billion in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $1.15 billion.

For the year, the company reported profit of $471.9 million, or $3.75 per share. Revenue was reported as $4.61 billion.

Fortune Brands Innovations expects full-year earnings in the range of $4.15 to $4.45 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FBIN at https://www.zacks.com/ap/FBIN