SFNC -2% to 2% China market -15% to -10% TOTAL COMPANY FINANCIAL METRICS Net sales Flat to 3% Operating margin before charges / gains 16.5% to 17.5% EPS before charges / gains $4.15 to $4.45 Cash flow from operations Around $680 million to $720 million Free cash flow Around $580 million to $620 million Cash conversion Around 115% to 125% SEGMENT FINANCIAL METRICS Water Innovations net sales Flat to 4% Water Innovations operating margin before charges / gains 23.5% to 24.5% Outdoors net sales Flat to 3% Outdoors operating margin before charges / gains 16.0% to 17.0% Security net sales Flat to 3% Security operating margin before charges / gains 16.0% to 17.0% OTHER ITEMS Corporate expense $158 million to $160 million Interest expense $114 million to $116 million Other income / (expense) Around $6 million Capex $100 million to $140 million Tax rate 24.0% to 24.5% Share count 124.0 million to 124.5 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 and EPS before charges / gains), 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 de

later in the release …

the item shown at left

other guidance in this release

Text is the filed exhibit, verbatim.