Pentair Reports First Quarter 2018 Results
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Pentair (PNR) Tops Q1 EPS by 5c, Offers Outlook
April 19, 2018 9:06 AM EDTPentair (NYSE: PNR) reported Q1 EPS of $0.88, $0.05 better than the analyst estimate of $0.83. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.25 billion.
OUTLOOK
The company updates its estimated 2018 GAAP EPS from continuing operations to a range of $1.75 to $1.80 and on an adjusted EPS basis to a range of $2.25 to $2.30. The company updates its full year 2018 sales guidance to $2.96 billion, up 3 to 4 percent on a reported and core basis over 2017.... More
