Fortune Brands Innovations — Jul 31, 2025 release

SFNC -6% to -5% China market -20% to -15% TOTAL COMPANY FINANCIAL METRICS   Operating margin before charges / gains 16.0% to 17.0% Cash flow from operations Around $650 million Free cash flow Around $500 million to $520 million Cash conversion Around 120% to 130% SEGMENT FINANCIAL METRICS   Water Innovations net sales -3% to -1% Water Innovations operating margin before charges / gains 23.0% to 24.0% Outdoors net sales Flat to 2% Outdoors operating margin before charges / gains 14.0% to 15.0% Security net sales -1% to 2% Security operating margin before charges / gains 16.5% to 17.5% OTHER ITEMS   Corporate expense $158 million to $160 million Interest expense $114 million to $116 million Other income / (expense) Around $6 million Capex $130 million to $150 million Tax rate 26.5% to 27.5% Share count 121.0 million to 121.5 million   For certain forward-looking non-GAAP measures (as used in this press release, net debt to EBITDA before charges / gains, 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 the non-GAAP financial measure to the GAAP financial measure 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 net debt to EBITDA before charges / gains and EPS before charges / gains, and which are included in cash conversion, and restructuring and other charges, which are excluded from net debt to EBITDA before charges / gains, operating margin before charges / gains and EPS before charges /