HighGravityDataFortune Brands Innovations — May 7, 2026 release
Fiscal 2026 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001193125-26-211899
Showing in the filing
Free cash flow (b)
“$375 to $425”
Period
FY2026
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 14
Net sales for FY2026
“Flat to 2.0%”
EPS before charges / gains for FY2026
“$3.35 to $3.65”
Global market for FY2026
“Down low single digits”
U.S. SFNC for FY2026
“Down mid single digits”
Operating margin before charges / gains for FY2026
“14.5% to 15.5%”
Cash flow from operations for FY2026
“$540 million to $560 million”
Free cash flow for FY2026
“$400 million to $450 million”
Interest Expense for FY2026
“$110 million to $115 million”
Capex for FY2026
“$110 million to $140 million”
Tax Rate for FY2026
“24.0% to 24.5%”
Share Count for FY2026
“120 million to 120.5 million”
Cash flow from operations (GAAP) for FY2026
“$500 to $535”
Capital expenditures for FY2026
“$110 to $125”
Free cash flow (b) for FY2026
“$375 to $425”
Exhibit 99.1 · the passage around this item
… earlier in the release
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) (Unaudited)
Thirteen Weeks Period
March 28, 2026
March 29, 2025
Operating activities
Net income
$
24.2
$
51.4
Depreciation and amortization
42.1
51.3
Non-cash lease expense
9.9
9.4
Deferred taxes
11.9
1.7
Other non-cash items
0.2
8.3
Changes in assets and liabilities, net
(207.5
)
(205.5
)
Net cash used in operating activities
$
(119.2
)
$
(83.4
)
Investing activities
Capital expenditures
$
(20.3
)
$
(29.2
)
Proceeds from the disposition of assets
9.8
-
Net cash used in investing activities
$
(10.5
)
$
(29.2
)
Financing activities
Increase in debt, net
$
168.3
$
280.0
Proceeds from the exercise of stock options
4.5
0.6
Treasury stock purchases
(43.5
)
(175.0
)
Dividends to stockholders
(31.2
)
(30.5
)
Other items, net
(7.7
)
(7.1
)
Net cash provided by financing activities
$
90.4
$
68.0
Effect of foreign exchange rate changes on cash
$
(1.7
)
$
3.0
Net decrease in cash and cash equivalents
$
(41.0
)
$
(41.6
)
Cash, cash equivalents and restricted cash* at beginning of period
267.5
385.5
Cash, cash equivalents and restricted cash* at end of period
$
226.5
$
343.9
FREE CASH FLOW
Thirteen Weeks Period
2026 Full Year
March 28, 2026
March 29, 2025
Estimate
Cash flow from operations (GAAP)
$
(119.2
)
$
(83.4
)
$500 to $535
Less:
Capital expenditures
$
20.3
$
29.2
$110 to $125
Free cash flow (b)
$
(139.5
)
$
(112.6
)
$375 to $425
* Restricted cash of $1.4 million and $2.0 million is included in Other current assets and Other assets, respectively, as of March 28, 2026, and $1.3 million and $2.6 million is included in Other current assets and Other assets, respectively, as of March 29, 2025. (b) For definitions of Non-GAAP measures, see Definitions of Terms page
FORTUNE BRANDS INNOVATIONS, INC. CONDENSED CONSOLIDATED STATEMENTS OF INCOME (GAAP) (In millions, except per share amounts) (Unaudited)
Thirteen Weeks Period
March 28, 2026
March 29, 2025
% Change
Net sales
$
1,011.3
$
1,033.1
(2.1
)
Cost of products sold
575.6
578.4
(0.5
)
Selling, general and administrative expenses
352.7
314.9
12.0
Amortization of intangible assets
18.5
18.0
2.8
Restructuring charges
4.3
24.8
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.