Fortune Brands Innovations — Nov 6, 2024 release

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% Security operating margin before charges / gains 15.5% to 16.5% 16.5% to 17.0% OTHER ITEMS     Corporate expense $143 million to $148 million $149 million to $151 million Interest expense $122 million to $124 million $122 million to $124 million Other income / (expense) Around $5 million Around $7 million Capex Around $200 million Around $175 million Tax rate 23.25% to 23.5% 22.25% to 22.5% Share count Around 126 million Around 126 million   For certain forward-looking non-GAAP measures (as used in this press release, operating margin before charges / gains on a full Company and segment basis, EPS before charges / gains and cash conversion), the Company is unable to provide a reconciliation to the most comparable GAAP financial measure because the informati