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Guidance history, every release

Fortune Brands Innovations (FBIN) · 8 releases, Nov 6, 2024 to Aug 4, 2026 · rows are metrics, columns are releases

Raised · a change from the previous releaseSame · restated unchanged— · not stated in that releaseEvery value links to its sentence in the filing

Metric	Nov 6, 2024 FY24 Q3	Feb 4, 2025 FY24 Q4	May 6, 2025 FY25 Q1	Jul 31, 2025 FY25 Q2	Oct 30, 2025 FY25 Q3	Feb 11, 2026 FY25 Q4	May 7, 2026 FY26 Q1	Aug 4, 2026 FY26 Q2
For FY2027
Share repurchase authorization	—	New“up to $1 billion”	—	—	—	—	—	—
For FY2026
Net sales	—	—	—	—	—	—	New“Flat to 2.0%”	—
Outdoors net sales	—	—	—	—	—	New“(0.5%) to 1.5%”	—	—
Security net sales	—	—	—	—	—	New“Flat to 3.0%”	—	—
Water Innovations net sales	—	—	—	—	—	New“Flat to 2.0%”	—	—
EPS before charges / gains	—	—	—	—	—	New“$3.35 to $3.65”	Reiterated“$3.35 to $3.65”	Lowered“$3.00 to $3.30”
Net tariff refund 1 benefit to EPS	—	—	—	—	—	—	—	New“$0.52”
Net tariff refund 1 benefit to Operating Income	—	—	—	—	—	—	—	New“$81 million”
Net tariff refunds benefit to full year EPS	—	—	—	—	—	—	—	New“$0.52”
Net tariff refunds benefit to full year Operating Income	—	—	—	—	—	—	—	New“$81 million”
Operating margin before charges / gains	—	—	—	—	—	New“14.5% to 15.5%”	Reiterated“14.5% to 15.5%”	Lowered“13.5% to 14.5%”
Outdoors operating margin before charges / gains	—	—	—	—	—	New“11.5% to 12.5%”	—	—
Security operating margin before charges / gains	—	—	—	—	—	New“15.5% to 16.5%”	—	—
Water Innovations operating margin before charges / gains	—	—	—	—	—	New“22.0% to 23.0%”	—	—
Capex	—	—	—	—	—	New“$110 million to $140 million”	Reiterated“$110 million to $140 million”	Narrowed“$110 million to $125 million”
Capital expenditures	—	—	—	—	—	—	New“$110 to $125”	—
Cash flow from operations	—	—	—	—	—	New“$540 million to $560 million”	Reiterated“$540 million to $560 million”	Lowered“$475 million to $510 million”
Cash flow from operations (GAAP)	—	—	—	—	—	—	New“$500 to $535”	—
China market	—	—	—	—	—	New“Down low double digits”	—	—
Corporate expense	—	—	—	—	—	New“$155 million to $165 million”	—	—
Free cash flow	—	—	—	—	—	New“$400 million to $450 million”	Reiterated“$400 million to $450 million”	Lowered“$350 million to $400 million”
Free cash flow (b)	—	—	—	—	—	—	New“$375 to $425”	—
Global market	—	—	—	—	—	New“Down low single digits”	Reiterated“Down low single digits”	Reiterated“Down low single digits”
Interest Expense	—	—	—	—	—	New“$110 million to $115 million”	Reiterated“$110 million to $115 million”	Reiterated“$110 million to $115 million”
Share Count	—	—	—	—	—	New“120.0 million to 120.5 million”	Reiterated“120 million to 120.5 million”	Reiterated“120 million to 120.5 million”
Tax Rate	—	—	—	—	—	New“24.0% to 24.5%”	Reiterated“24.0% to 24.5%”	Reiterated“24.0% to 24.5%”
U.S. market	—	—	—	—	—	New“Down low single digits”	—	—
U.S. SFNC	—	—	—	—	—	—	New“Down mid single digits”	Reiterated“Down mid single digits”
For FY2025
Outdoors net sales	—	New“Flat to 3%”	—	Lowered“Flat to 2%”	Reiterated“Flat to 2%”	—	—	—
Security net sales	—	—	—	New“-1% to 2%”	Reiterated“-1% to 2%”	—	—	—
Water Innovations net sales	—	New“Flat to 4%”	—	Lowered“-3% to -1%”	Reiterated“-3% to -1%”	—	—	—
EPS before charges / gains	—	New“$4.15 to $4.45”	—	Lowered“$3.75 to $3.95”	Reiterated“$3.75 to $3.95”	—	—	—
Net debt to EBITDA before charges / gains	—	—	New“between 2.0x and 2.5x”	Narrowed“between 2.2x and 2.5x”	Reiterated“upper end of its previous guidance range of 2.2x to 2.5x”	—	—	—
Net Income	—	New“$464 to $539”	—	—	—	—	—	—
Operating margin before charges / gains	—	New“16.5% to 17.5%”	—	Lowered“16.0% to 17.0%”	Reiterated“16.0% to 17.0%”	—	—	—
Outdoors operating margin before charges / gains	—	New“16.0% to 17.0%”	—	Lowered“14.0% to 15.0%”	Reiterated“14.0% to 15.0%”	—	—	—
Security operating margin before charges / gains	—	—	—	New“16.5% to 17.5%”	Reiterated“16.5% to 17.5%”	—	—	—
Water Innovations operating margin before charges / gains	—	New“23.5% to 24.5%”	—	Lowered“23.0% to 24.0%”	Reiterated“23.0% to 24.0%”	—	—	—
Capex	—	New“$100 million to $140 million”	—	Raised“$130 million to $150 million”	Reiterated“$130 million to $150 million”	—	—	—
Cash conversion	—	New“Around 115% to 125%”	—	Raised“Around 120% to 130%”	Reiterated“Around 120% to 130%”	—	—	—
Cash flow from operations	—	New“Around $680 million to $720 million”	—	Lowered“Around $650 million”	Lowered“Around $530 million to $540 million”	—	—	—
China market	—	New“-15% to -10%”	—	Raised“-20% to -15%”	Reiterated“-20% to -15%”	—	—	—
Corporate expense	—	New“$158 million to $160 million”	—	Reiterated“$158 million to $160 million”	Reiterated“$158 million to $160 million”	—	—	—
Free cash flow	—	New“Around $580 million to $620 million”	—	Lowered“Around $500 million to $520 million”	Reiterated“Around $500 million to $520 million”	—	—	—
Global market	—	New“-2% to 1%”	—	Raised“-4% to -2%”	Reiterated“-4% to -2%”	—	—	—
Interest expense	—	New“$114 million to $116 million”	—	Reiterated“$114 million to $116 million”	Reiterated“$114 million to $116 million”	—	—	—
Other income / (expense)	—	New“Around $6 million”	—	Reiterated“Around $6 million”	Reiterated“Around $6 million”	—	—	—
Share count	—	New“124.0 million to 124.5 million”	—	Lowered“121.0 million to 121.5 million”	Reiterated“121.0 million to 121.5 million”	—	—	—
Tax rate	—	New“24.0% to 24.5%”	—	Raised“26.5% to 27.5%”	Reiterated“26.5% to 27.5%”	—	—	—
U.S. market	—	New“-2% to 1%”	—	Raised“-4% to -2%”	Reiterated“-4% to -2%”	—	—	—
U.S. SFNC	—	New“-2% to 2%”	—	Raised“-6% to -5%”	Reiterated“-6% to -5%”	—	—	—
For FY2024
Net sales [organic]	New“-4.5% to -3.5%”	—	—	—	—	—	—	—
Outdoors net sales	New“2% to 4%”	—	—	—	—	—	—	—
Security net sales	New“-2% to -1%”	—	—	—	—	—	—	—
Security net sales [organic]	New“-10% to -9%”	—	—	—	—	—	—	—
Water Innovations net sales	New“2.5% to 4.5%”	—	—	—	—	—	—	—
Water Innovations net sales [organic]	New“-5% to -4.5%”	—	—	—	—	—	—	—
EPS before charges / gains	New“$4.25 to $4.35”	—	—	—	—	—	—	—
Operating margin before charges / gains	New“17.0% to 17.25%”	—	—	—	—	—	—	—
Outdoors operating margin before charges / gains	New“14.5% to 15.5%”	—	—	—	—	—	—	—
Security operating margin before charges / gains	New“15.5% to 16.5%”	—	—	—	—	—	—	—
Water Innovations operating margin before charges / gains	New“Around 23.5%”	—	—	—	—	—	—	—
Capex	New“Around $200 million”	—	—	—	—	—	—	—
Cash conversion	New“Around 100%”	—	—	—	—	—	—	—
Cash flow from operations	New“Around $700 million”	—	—	—	—	—	—	—
China market	New“-20% to -15%”	—	—	—	—	—	—	—
Corporate expense	New“$143 million to $148 million”	—	—	—	—	—	—	—
Free cash flow	New“Around $500 million”	—	—	—	—	—	—	—
Global market	New“-3.5% to -1.5%”	—	—	—	—	—	—	—
Interest expense	New“$122 million to $124 million”	—	—	—	—	—	—	—
Other income / (expense)	New“Around $5 million”	—	—	—	—	—	—	—
Share count	New“Around 126 million”	—	—	—	—	—	—	—
Tax rate	New“23.25% to 23.5%”	—	—	—	—	—	—	—
U.S. market	New“-1% to flat”	—	—	—	—	—	—	—
U.S. SFNC	New“8% to 10%”	—	—	—	—	—	—	—
No period stated
Net debt to EBITDA before charges / gains	—	—	—	—	New“at the upper end of its previous guidance range of 2.2x to 2.5x”	—	—	—

Values in quotation marks are the company’s words. Change labels compare each statement with the same metric and target year in the previous release. HighGravityData does not judge whether guidance was met.