HighGravityDataFortune Brands Innovations — Oct 30, 2025 release
Fiscal 2025 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001193125-25-258551
Showing in the filing
Net debt to EBITDA before charges / gains
“upper end of its previous guidance range of 2.2x to 2.5x”
Period
FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 23
Net debt to EBITDA before charges / gains
“at the upper end of its previous guidance range of 2.2x to 2.5x”
Net debt to EBITDA before charges / gains for FY2025
“upper end of its previous guidance range of 2.2x to 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 $530 million to $540 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 $150 million”
Tax rate for FY2025
“26.5% to 27.5%”
Share count for FY2025
“121.0 million to 121.5 million”
Exhibit 99.1 · the passage around this item
… earlier in the release
“Together with our strong brands, innovative products and focus on execution, our Fortune Brands Advantage capabilities continue to position us well for sustained, above-market growth and long-term value creation.” Third Quarter 2025 Results ($ in millions, except per share amounts) Unaudited Total Company Results
Reported Net Sales
Operating Income
Operating Margin
EPS
Q3 2025 GAAP
$1,149.2
$125.9
11.0%
$0.59
Change
(0.5%)
(38.6%)
(680) bps
(46.1%)
Reported Net Sales
Operating Income Before Charges / Gains
Operating Margin Before Charges / Gains
EPS Before Charges / Gains
Q3 2025 Non-GAAP
$1,149.2
$206.2
17.9%
$1.09
Change
(0.5%)
(4.5%)
(80) bps
(6.0%)
Segment Results
Net Sales
Change
Operating Margin
Change
Operating Margin Before Charges/Gains
Change
Water Innovations
$618.5
(2.6%)
23.6%
(20) bps
24.4%
(20) bps
Outdoors
$344.5
0.5%
(1.5%)
(1,840) bps
15.5%
(250) bps
Security
$186.2
4.9%
14.9%
(370) bps
17.8%
(150) bps
Balance Sheet and Cash Flow The Company exited the quarter with a strong balance sheet, and generated $204.4 million of operating cash flow and $177.0 million of free cash flow in the quarter. The Company expects to finish the year with net debt to EBITDA before charges / gains at the upper end of its previous guidance range of 2.2x to 2.5x. As of the end of the third quarter 2025:
Net debt
$2.4 billion
Net debt to EBITDA before charges / gains
2.7x
Cash
$223.9 million
Amount available under revolving credit facility
$751.8 million
2025 Full-Year Guidance “We continued to execute with discipline and delivered solid results in a dynamic environment,” said Fortune Brands Chief Financial Officer Jon Baksht. “We are narrowing our full-year guidance range to reflect our updated market expectations and currently anticipate finishing the year near the low end of our prior range. While the near-term environment remains uneven, our advantaged footprint, strong balance sheet, and focus on operational excellence position us to deliver on our commitments and build momentum into 2026. We remain disciplined and opportunistic in our capital allocation, balancing shareholder returns with investments that drive growth and long-term value creation.”
Prior 2025 Full-Year Guidance
Updated 2025 Full-Year Guidance
TOTAL COMPANY FINANCIAL METRICS
Net sales
-2% to Flat
-2% to Flat
EPS before charges / gains
$3.75 to $3.95
$3.70 to $3.80
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.