PNR - Pentair Non-GAAP EPS of $1.02 beats by $0.02 revenue of $1.02B misses by $30M raises FY EPS guidance
- Pentair press release ( NYSE: PNR ): Q2 Non-GAAP EPS of $1.02 beats by $0.02 .
- Revenue of $1.02B (+8.4% Y/Y) misses by $30M .
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The company updates full year 2022 sales guidance to be up approximately 8 to 10 percent on a reported basis. The updated guidance primarily reflects the negative impacts of foreign exchange and higher interest rates in addition to further margin expansion. The company’s outlook for 2022 does not include the anticipated Manitowoc Ice acquisition.
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The company updates its estimated 2022 GAAP EPS from continuing operations to approximately $3.40 to $3.45 and on an adjusted EPS basis to approximately $3.70 to $3.75 vs consensus of $3.70
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In addition, the company introduces third quarter 2022 GAAP EPS from continuing operations guidance of approximately $0.90 to $0.92 and on an adjusted EPS basis of approximately $0.93 to $0.95 vs consensus of $0.95. The company expects third quarter sales to be up approximately 3 to 5 percent on a reported basis compared to the third quarter of 2021.
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Pentair Non-GAAP EPS of $1.02 beats by $0.02, revenue of $1.02B misses by $30M, raises FY EPS guidance