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Fortune Brands Named to Wall Street Journal's Best-Managed Companies 2024

1. FBIN named to WSJ's Top 250 Best-Managed Companies of 2024. 2. Recognition highlights FBIN's innovation and digital brand growth. 3. Ranking evaluates management effectiveness across five performance areas. 4. New 'digital positioning score' significantly influences company's ranking. 5. CEO Nicholas Fink emphasizes commitment to transforming consumer spaces.

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FAQ

Why Bullish?

Recognition could enhance investor confidence and visibility, similar to past Best-Managed accolades boosting stocks.

How important is it?

Being recognized as best-managed may attract investors, impacting stock price positively.

Why Short Term?

Immediate positive perception likely to influence stock outlook, though long-term depends on sustained performance.

Related Companies

NYSE: FBIN
January 29, 2025 04:05 PM Eastern Standard Time DEERFIELD, Ill.--(BUSINESS WIRE)--Fortune Brands Innovations, Inc. (NYSE: FBIN or “Fortune Brands” or the “Company”), an industry-leading innovation company whose purpose is to elevate every life by transforming spaces into havens, today announced that it has been named to The Wall Street Journal’s Top 250 Best-Managed Companies List of 2024. “We are honored to be named to the 2024 Wall Street Journal list of Best-Managed Companies. This recognition is a testament to the progress we have made as a Company – especially our growing prominence as a digital brand and our digital products portfolio – and reflects the tenacity and innovation of our entire team. Our commitment to bringing our purpose to life through transformative products and services is evident in our Moen Flo Smart Water Monitor and Shutoff, Master Lock connected lockout tagout, SentrySafe fireproof safes, Yale digital smart locks and energy-efficient Therma-Tru doors. Our products elevate the lives of our consumers and communities by providing protection, conserving resources, and bringing peace of mind. We are excited to continue pushing the boundaries of what we can achieve together,” said Fortune Brands Chief Executive Officer Nicholas Fink. The Best-Managed Companies ranking measures corporate management effectiveness by evaluating performance in five areas: customer satisfaction, employee engagement and development, innovation, social responsibility and financial strength. The ranking is based on an analysis of 35 data inputs, including a new metric of a “digital positioning score,” which looks at a company’s activity across online search, traffic on its websites, social media and its apps. This significant recognition is awarded in partnership with The Drucker Institute at Claremont Graduate University. This year over 800 companies were scored. The list was announced on December 8, 2024, and can be viewed on The Wall Street Journal’s website. About Fortune Brands Innovations Fortune Brands Innovations, Inc. is an industry-leading innovation company dedicated to creating smarter, safer and more beautiful homes and improving lives. The Company’s driving purpose is to elevate every life by transforming spaces into havens. The Company is a brand, innovation and channel leader focused on exciting, supercharged categories in the home products, security and commercial building markets. The Company’s portfolio of brands includes Moen, House of Rohl, Aqualisa, SpringWell, Therma-Tru, Larson, Fiberon, Master Lock, SentrySafe and Yale residential. Fortune Brands is headquartered in Deerfield, Illinois and trades on the NYSE as FBIN. To learn more, visit www.FBIN.com.

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