Fortune Brands Innovations — Nov 6, 2024 release

We continue to have full confidence in our long-term strategy.”   Updated 2024 Full-Year Guidance     Prior 2024 Full-Year Guidance Updated 2024 Full-Year Guidance MARKET     Global market -3% to -1% -3.5% to -1.5% U.S. market -1% to flat -1% to flat       U.S. R&R -4% to -3% -4% to -3%       U.S. SFNC 8% to 10% 7% to 9% China market -20% to -15% -20% to -15% TOTAL COMPANY FINANCIAL METRICS     Net sales 2.5% to 4.5% Flat to 1%       Net sales [organic] -2% to flat -4.5% to -3.5% Operating margin before charges / gains 17.0% to 17.5% 17.0% to 17.25% EPS before charges / gains $4.25 to $4.35 $4.17 to $4.23 Cash flow from operations Around $700 million Around $650 million Free cash flow Around $500 million Around $475 million Cash conversion Around 100% Around 100% SEGMENT FINANCIAL METRICS     Water Innovations net sales 2.5% to 4.5% 1% to 1.5%    Water Innovations net sales [organic] -4% to -2% -5% to -4.5% Water Innovations operating margin before charges / gains Around 24% Around 23.5% Outdoors net sales 2% to 4% Flat to 1% Outdoors operating margin before charges / gains 14.5% to 15.5% 16.0% to 16.5% Security net sales 5% to 7% -2% to -1%    Security net sales [organic] -3% to -1% -10% to -9% Secur