SFNC Down mid single digits China market Down low double digits TOTAL COMPANY FINANCIAL METRICS Operating margin before charges / gains 14.5% to 15.5% Cash flow from operations $540 million to $560 million Free cash flow $400 million to $450 million SEGMENT FINANCIAL METRICS Water Innovations net sales Flat to 2.0% Water Innovations operating margin before charges / gains 22.0% to 23.0% Outdoors net sales (0.5%) to 1.5% Outdoors operating margin before charges / gains 11.5% to 12.5% Security net sales Flat to 3.0% Security operating margin before charges / gains 15.5% to 16.5% OTHER ITEMS Corporate expense $155 million to $165 million Interest expense $110 million to $115 million Capex $110 million to $140 million Tax rate 24.0% to 24.5% Share count 120.0 million to 120.5 million For certain forward-looking non-GAAP measures (as used in this press release, operating margin before charges / gains on a full Company and segment basis, EPS before charges / gains, and free cash flow), 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 EPS before charges / gains, and restructuring and other charges, which are excluded from operating margin before charges / gains and EPS before charges / gains. Additionally, estimating such GAAP measures and providing a meaningful reconciliation consistent with the Company’s accounting policies for future periods requires a level of precision that is unavailable for these fut

later in the release …

the item shown at left

other guidance in this release

Text is the filed exhibit, verbatim.