Fortune Brands Innovations releases Deutsche Bank Chicago Industrials Summit transcript

Fortune Brands Innovations’ Deutsche Bank Chicago Industrials Summit fireside chat featured CEO Jesse Singh, COO David Barry and interim CFO Ashley George.

Management said it shifted marketing back into business units to cut complexity, speed decisions, improve channel responsiveness and support faster product launches.

Moen service issues were tied to staffing changes and a failed planning-system overlay; inventory has been lifted near term, and service normalization is targeted by year-end.

The company expects its $70 million cost takeout to be largely completed by year-end, while management said peer benchmarking suggests a larger longer-term SG&A opportunity.

Interim CFO Ashley George said net leverage is expected to move below 2.5x by the end of 2026, and near-term M&A is being de-emphasized in favor of buybacks.