Fortune Brands Innovations Inc. (FBIN): New CEO Brings Track Record of Accelerated Growth and Margin Expansion

Research evidence excerpt

Fortune Brands Innovations Inc. (FBIN): New CEO Brings Track Record of Accelerated Growth and Margin Expansion

Equity Research

29 June 2026 | 4:23PM EDT

Fortune Brands Innovations Inc. (FBIN): New CEO Brings Track Record of

Accelerated Growth and Margin Expansion

Management Team with History of Success in Building Products Takes Shape: Susan Maklari

+1(212)357-3906 |

Earlier, Fortune Brands announced the appointment of Jesse Singh as CEO and a susan.maklari@gs.com

Goldman Sachs & Co. LLC

member of the Board effective today, June 29. This follows an extensive 3+ month

Charles Perron-Piche, CFA

search for someone with a background in building products who understands global +1(917)343-1847 | charles.perron-

supply chains, can navigate multiple channels of distribution and drive growth and piche@gs.comGoldman Sachs & Co. LLC

profitability across the brands. In our view, Mr. Singh’s background aligns well with Rhea Bhatia

these attributes, making us confident in the potential for accelerated revenue growth +1(332)245-7517Goldman Sachs India| rhea.bhatia@gs.comSPL

and margin expansion over time. We look for him to leverage Fortune’s Galilee Best

well-established brands and extensive distribution while focusing on productivity +1(212)902-7208 | galilee.best@gs.com Goldman Sachs & Co. LLC

and efficiencies to drive cash flows. In line with this, we highlight Azek grew at a 12%

compounded rate from F2017-24 under Mr. Singh’s leadership while the EBITDA

margin expanded 557bps. Although this partially reflects the secular shift in

composite decking and exposure to the higher-end, the company also successfully

expanded brand recognition with consumers, invested in innovation and range of

product offerings, and won sales across distribution and home improvement retail