{
  "report_rows": [
    {
      "kpi": "Adjusted EPS",
      "prediction": "BEAT",
      "answer": "pred ~$1.37 vs. cons $1.35",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Net sales",
      "prediction": "IN-LINE",
      "answer": "pred ~$2.11B vs. cons $2.10B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adjusted operating margin",
      "prediction": "IN-LINE",
      "answer": "pred ~19.4% vs. cons 19.5%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Adjusted EPS guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~$4.20 midpoint vs. cons $4.21 (FY2026)",
      "confidence": "HIGH"
    },
    {
      "kpi": "Net-sales growth guidance",
      "prediction": "BETTER",
      "answer": "guide ~2.0% growth vs. cons 1.5% growth (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adjusted operating-margin guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~17.0% vs. cons 17.0% (FY2026)",
      "confidence": "HIGH"
    },
    {
      "kpi": "Plumbing Products sales-growth guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~2.0% growth vs. cons 2.0% growth (FY2026)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": -2.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -4,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "A ~$0.02 EPS beat versus $1.35 consensus paired with an unchanged ~$4.20 FY2026 midpoint versus $4.21 consensus implies lower second-half earnings power; investors are likely to reduce out-period margin and EPS estimates as commodity costs and the difficult plumbing pricing comparison move into 2H.",
  "day5_confidence": "MEDIUM"
}