Company expects fiscal 2027 net sales between $3.35 bln and $3.55 bln
Company sees fiscal 2027 adjusted EBITDA between $1.0 bln and $1.05 bln
Company remains cautious on overall demand environment for the remainder of the year
Overview
U.S. water management firm's fiscal Q1 sales rose, beating analyst expectations
Adjusted EPS for fiscal Q1 beat consensus, driven by organic growth and NDS acquisition
Company repurchased $228.5 mln of common stock in the quarter
Key details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$1.001 bln
$990.99 mln (11 Analysts)
Q1 Adjusted EPS
Beat
$2.49
$2.11 (8 Analysts)
Q1 EPS
$2.26
Q1 Net Income
$170.92 mln
Q1 Adjusted EBITDA
Beat
$358.30 mln
$311.71 mln (10 Analysts)
Q1 Operating Income
$254.55 mln
Result drivers
- Co said acquisition of NDS contributed meaningfully to stormwater segment sales and expanded reach in residential stormwater management and landscape irrigation
Price actions - Co said price increases to cover inflationary cost pressure on transportation and materials led to some pull-forward of sales from Q2 and impacted order patterns and seasonality
Non-residential demand - Co said favorable volume was driven by strength in the non-residential market and customer purchases ahead of pricing actions
WMS•
