Fortune Brands Innovations — Oct 30, 2025 release

SFNC -6% to -5% -7% to -6% China market -20% to -15% -20% to -15% TOTAL COMPANY FINANCIAL METRICS     Operating margin before charges / gains 16.0% to 17.0% 16.0% to 17.0% Cash flow from operations Around $650 million Around $530 million to $540 million Free cash flow Around $500 million to $520 million Around $400 million to $420 million Cash conversion Around 120% to 130% Around 125% to 135% SEGMENT FINANCIAL METRICS     Water Innovations net sales -3% to -1% -3% to -1% Water Innovations operating margin before charges / gains 23.0% to 24.0% 23.0% to 24.0% Outdoors net sales Flat to 2% -2% to Flat Outdoors operating margin before charges / gains 14.0% to 15.0% 13.0% to 14.0% Security net sales -1% to 2% -1% to 2% Security operating margin before charges / gains 16.5% to 17.5% 15.5% to 16.5% OTHER ITEMS     Corporate expense $158 million to $160 million $145 million to $155 million Interest expense $114 million to $116 million $114 million to $116 million Other income / (expense) Around $6 million Around $3 million Capex $130 million to $150 million $120 million to $130 million Tax rate 26.5% to 27.5% 26.5% to 27.5% Share count 121.0 million to 121.5 million 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 /