In accordance with its opportunistic, returns-based share repurchase program, the Company repurchased $175 million of shares in the quarter, and as of May 6, 2025, has repurchased $225 million of shares year to date. The Company expects to finish the year with net debt to EBITDA before charges / gains between 2.0x and 2.5x. As of the end of the first quarter 2025: Net debt $2.6 billion Net debt to EBITDA before charges / gains 2.8x Cash $340 million Amount available under revolving credit facility $970 million 2025 Full-Year Guidance Due to uncertainty around consumer demand and volumes, the Company is not providing detailed 2025 full-year guidance. However, the Company is providing the framework for EPS before charges / gains scenarios based on different volume assumptions that will be outlined during the first quarter earnings call. Fortune Brands’ teams are working on mitigating the expected impact of tariffs quickly and strategically through sourcing moves, cost out opportunities and strategic pricing. The Company remains confident in its long-term strategy of focusing on categories driven by brands and innovation, with an emphasis on attractive areas of its core and acceleration in its digital strategy. For forward-looking non-GAAP measures (as used in this press release, net debt to EBITDA before charges / gains), the Company is unable to provide a reconciliation to the most comparable GAAP financial measure because the information needed to reco

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Text is the filed exhibit, verbatim.