Longleaf Partners Fund highlighted Fortune Brands Innovations in its second-quarter 2026 investor letter, noting that the building products company contributed to performance even though it reported relatively underwhelming results. The fund pointed to two positive developments: Fortune Brands is exploring strategic alternatives for its Fiberon business, and it recruited former AZEK CEO Jesse Singh to lead the company, with interim CEO Dave Berry staying on as COO. Fortune Brands shares closed at $51.61 on July 10, 2026, with a one-month return of 18.67% but a 52-week loss of 6.02%, and a market capitalization of $6.15 billion. The fund's letter stated that Singh's track record at AZEK included strong organic growth, improved margins, share repurchases, and a sale to James Hardie at 20 times EBITDA.
Fortune Brands Innovations Inc.Exploring strategic alternatives for Fiberon and hiring former AZEK CEO Jesse Singh are positive strategic moves.
James Hardie Industries PLC ADR