Pentair (PNR) reported Q1 adjusted earnings Tuesday of $1.11 per diluted share, up from $0.94 a year earlier.
Four analysts polled by FactSet expected $1.01.
Revenue for the quarter ended March 31 was $1.01 billion compared with $1.02 billion a year earlier.
Analysts surveyed by FactSet expected $988.3 million.
For Q2, the company said it expects adjusted EPS of about $1.31 to $1.35. Analysts surveyed by FactSet expect $1.32. The company said it expects sales for the quarter to be up about 1% to 2%. Analysts polled by FactSet expect $1.11 billion.
The company expect adjusted EPS guidance of $4.65 to $4.80. Analysts surveyed by FactSet expect $4.71. The company also reiterated its annual sales guidance of flat to up about 2%. Analysts polled by FactSet expect $4.12 billion.
Shares rose more than 6% in recent premarket activity.
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