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 information needed to reconcile these measures is unavailable due to the inherent difficulty of forecasting the timing and / or amount of various items that have not yet occurred, including the high variability and low visibility with respect to gains and losses associated with our defined benefit plans, which are excluded from EPS before charges / gains and cash conversion, and restructuring and other charges, which are excluded from operating margin before charges / gains, EPS before charges / gains and cash conversion. Additionally, estimating such GAAP measures and providing a meaningful reconcili