HighGravityDataFortune Brands Innovations — Jul 31, 2025 release
Fiscal 2025 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000950170-25-100904
Showing in the filing
Net debt to EBITDA before charges / gains
“between 2.2x and 2.5x”
Period
FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 22
Net debt to EBITDA before charges / gains for FY2025
“between 2.2x and 2.5x”
EPS before charges / gains for FY2025
“$3.75 to $3.95”
Global market for FY2025
“-4% to -2%”
U.S. market for FY2025
“-4% to -2%”
U.S. SFNC for FY2025
“-6% to -5%”
China market for FY2025
“-20% to -15%”
Operating margin before charges / gains for FY2025
“16.0% to 17.0%”
Cash flow from operations for FY2025
“Around $650 million”
Free cash flow for FY2025
“Around $500 million to $520 million”
Cash conversion for FY2025
“Around 120% to 130%”
Water Innovations net sales for FY2025
“-3% to -1%”
Water Innovations operating margin before ch… for FY2025
“23.0% to 24.0%”
Outdoors net sales for FY2025
“Flat to 2%”
Outdoors operating margin before charges / g… for FY2025
“14.0% to 15.0%”
Security net sales for FY2025
“-1% to 2%”
Security operating margin before charges / g… for FY2025
“16.5% to 17.5%”
Corporate expense for FY2025
“$158 million to $160 million”
Interest expense for FY2025
“$114 million to $116 million”
Other income / (expense) for FY2025
“Around $6 million”
Capex for FY2025
“$130 million to $150 million”
Tax rate for FY2025
“26.5% to 27.5%”
Share count for FY2025
“121.0 million to 121.5 million”
Exhibit 99.1 · the passage around this item
… earlier in the release
In accordance with its opportunistic, returns-based share repurchase program, the Company repurchased $63 million of shares in the quarter, and as of July 31, 2025, has repurchased $238 million of shares year to date. The Company continues to expect to finish the year with net debt to EBITDA before charges / gains between 2.2x and 2.5x. As of the end of the second quarter 2025:
Net debt
$2.6 billion
Net debt to EBITDA before charges / gains
2.8x
Cash
$235 million
Amount available under revolving credit facility
$613 million
2025 Full-Year Guidance “I am pleased to provide updated full year 2025 guidance, which is a testament to our agility and our team’s ability to execute and drive operational excellence despite continued uncertainty across our end market,” said Fortune Brands Chief Financial Officer Jon Baksht. “Our full-year guidance reflects our decisive action to mitigate the anticipated impact of tariffs as well as our ability to work with customers and suppliers to find win-win solutions to address the challenges of an uncertain external environment. We remain committed to investing in a focused set of priorities to generate profitable growth, expand margins and cash flows and ultimately maximize shareholder value.”
2025 Full-Year Guidance
TOTAL COMPANY FINANCIAL METRICS
Net sales
-2% to Flat
EPS before charges / gains
$3.75 to $3.95
2025 Market and Financial Assumptions
2025 Full-Year Ass
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.