Fortune 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
Global market
“-4% to -2%”
Period
FY2025
Measure
Company-defined measure
Source
Guidance table
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
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 Assumptions
MARKET
Global market
-4% to -2%
U.S. market
-4% to -2%
U.S. R&R
-3% to -1%
U.S. 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
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.