Fortune Brands Innovations, Inc. (NYSE:FBIN) Q4 2023 Earnings Conference Call January 30, 2024 5:00 PM ET

Company Participants

Leigh Avsec - VP of IR & Corporate Affairs

Nicholas Fink - CEO

David Barry - EVP and CFO

Conference Call Participants

Susan Maklari - Goldman Sachs

Truman Patterson - Wolfe Research

Matthew Bouley - Barclays

Philip Ng - Jefferies

John Lovallo - UBS

Adam Baumgarten - Zelman & Associates

Stephen Kim - Evercore ISI

Operator

Good afternoon. My name is Paul and I will be your conference operator today. At this time, I would like to welcome everyone to the Fortune Brands Fourth Quarter 2023 Earnings Conference Call.

[Operator Instructions]

I would like to turn the call over to Leigh Avsec, Vice President of Investor Relations and Corporate Affairs. You may begin the conference call.

Leigh Avsec

Good afternoon, everyone and welcome to the Fortune Brands Innovations fourth quarter and full year 2023 earnings call and webcast. Hopefully, everyone has had a chance to review the earnings release issued earlier. The earnings release and the audio replay of this webcast of this call can be found in the Investors Section of our website, fbin.com.

I want to remind everyone that the forward-looking statements we make on the call today, either in our prepared remarks or in the associated question-and-answer session, are based on current expectations and market outlook and are subject to certain risks and uncertainties that may cause actual results to differ materially from those currently anticipated. These risks are detailed in our various filings with the SEC. The company does not undertake any obligation to update or revise any forward-looking statements, except as required by law.

Any references to operating income, margin, EBITDA, earnings per share or cash flow in today's call will focus on our results on a non-GAAP before charges and gains basis, unless otherwise specified. Please visit our website for reconciliation.

With me today on the call are Nick Fink, our Chief Executive Officer; and Dave Barry, our Chief Financial Officer. Following our prepared remarks, we have allowed time to address some questions.

I will now turn the call over to Nick. Nick?

Nicholas Fink

Thank you, Leigh, and thank you to everyone for joining us today. Our focus for 2023 was to advance the transformation of Fortune Brands Innovations by prioritizing long term sales growth, preserving margins and generating cash while also making key investments in brand building and innovation, our ongoing digital transformation, and in long term capacity additions.