Benzinga | Aug 3, 2021 07:22AM EDT

Avanos Narrows FY21 Adj. EPS Guidance From $1.10-$1.25 To $1.10-$1.20 vs $1.21 Est.

Full Year 2021 Outlook

The company maintains its outlook for net sales to increase 2 to 4 percent, on a constant currency basis, compared to 2020. The company is revising its previously announced full-year earnings outlook from $1.10 to $1.25, to $1.10 to $1.20 of adjusted diluted earnings per share. This outlook reflects certain key assumptions, which are listed below:

* The Company expects the foreign currency translation impact to be even to 1 percent favorable compared to the prior year.

* The adjusted effective tax rate is anticipated to be between 25 and 27 percent.