财富品牌创新有限公司 2025年季度报告

Fortune Brands Innovations, Inc. (Exact name of Registrant as specified in its charter) 62-1411546(I.R.S. Employer Trading Symbol(s)FBIN Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smallerreporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller Large accelerated filerNon-accelerated filerEmerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No The number of shares outstanding of the registrant’s common stock, par value $0.01 per share, at April 18, 2025 was120,260,641. FORTUNE BRANDS INNOVATIONS, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWSFor the Thirteen Weeks Ended March 29, 2025 and March 30, 2024(In millions)(Unaudited) FORTUNE BRANDS INNOVATIONS, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 1.Basis of Presentation and Principles of Consolidation The Company is a leading innovation company focused on creating smarter, safer and more beautiful homes and improving livesthat competes in attractive long-term growth markets in our product categories. References to “Fortune Brands,” “the Company,”“we,” “our” and “us” refer to Fortune Brands Innovations, Inc. and its consolidated subsidiaries as a whole, unless the context The condensed consolidated financial statements and notes are presented pursuant to the rules and regulations of the Securities andExchange Commission (“SEC”) and do not contain certain information included in our annual audited consolidated financialstatements and notes. The December 28, 2024 condensed consolidated balance sheet was derived from our audited consolidatedfinancial statements, but does not include all disclosures required by U.S. generally accepted accounting principles (“GAAP”). This The condensed consolidated balance sheets as of March 29, 2025, the related condensed consolidated statements of comprehensiveincome, equity and cash flows for the thirteen weeks ended March 29, 2025 and the condensed consolidated statements ofcomprehensive income, equity and cash flows for the thirteen weeks ended March 30, 2024are unaudited. The presentation ofthese financial statements requires us to make estimates and assumptions that affect reported amounts and related disclosures. 2.Recently Issued Accounting Standards In December 2023, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2023-09 which requires expanded disclosure of the effective tax rate reconciliation and income taxes paid. ASU 2023-09 is effective forannual periods beginning after December 15, 2024. We will adopt this ASU prospectively for the annual period ending December In November 2024, the FASB issued ASU 2024-03 which requires an entity to disclose the amounts of purchases of inventory,employee compensation, depreciation, and intangible asset amortization included in each relevant expense caption. It also requiresan entity to include certain amounts that are required to be disclosed under current GAAP in the same disclosure. Additionally, itrequires an entity to disclose a qualitative description of the amounts remaining in relevant expense captions that are not separatelydisaggregated quantitatively, and to disclose the total amount of selling expenses and, in annual reporting periods, an entity’sdefinition of selling expenses. The ASU is effective for annual reporting periods beginning after December 15, 2026 and interim 3.Balance Sheet Information Supplemental information on our balance sheets is as follows: 4. SpringWell On February 29, 2024, we acquired100% of the outstanding equity interests of Wise Water Solutions, LLC, doing business asSpringwell Water Filtration Systems ("SpringWell") for a purchase price of $105.6million, net of cash acquired of $1.4million.We financed the transaction using cash on hand and borrowings under our existing credit facility. The results of SpringWell arereported as part of the Water Innovations ("Water") segment. We have not included pro forma financial information as thetransaction is immaterial to our condensed consolidated statements of comprehensive income. The fair value allocated to assets 5.Goodwill and Identifiable Intangible Assets We had goodwill of $1,996.7million and $1,992.0million as of March 29, 2025 and December 28, 2024, respectively.The