Outlook
2025 Outlook(in millions, except per share amounts)
| 2024 | 2025 Outlook | |||
| Actual | Low End | High End | ||
| Net sales | $ 3,818 | $ 3,800 | $ 3,900 | |
| Diluted earnings per share | $ 3.63 | $ 3.60 | $ 3.90 | |
| Adjusted earnings per share | $ 3.73 5 | $ 3.60 | $ 3.90 | |
| 5 | Excludes restructuring and impairment expenses. See accompanying GAAP to Non-GAAP reconciliations |
"Our outlook for 2025 projects our consolidated sales to be flat to up 2% compared to 2024. We expect our full-year EPS to be between $3.60 and $3.90, slightly higher than 2024 at the mid-point. In North America, we anticipate water heater industry unit volumes to be flat year-over-year with less first half versus second half volatility compared to 2024. In our Rest of World segment, we expect a single-digit sales decline in China as consumer demand remains low. We project continued double-digits sales growth in India," stated Wheeler.
"We believe our strong balance sheet and free cash flow continue to provide us the liquidity to focus on our capital allocation priorities of organic growth, acquisitions, dividends and share repurchases, which we believe will enable us to execute our strategy to invest and grow profitably."
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。