Pentair Q1 2020 Earnings Report

Pentair's first quarter results reflected a mix of growth and challenges amidst the emerging impact of the COVID-19 pandemic.

Key Takeaways

Pentair reported first-quarter sales of $710 million, a 3 percent increase compared to the same period last year. GAAP EPS were $0.43, up from $0.30 in the first quarter of 2019, and adjusted EPS were $0.52, compared to $0.43 in the first quarter of 2019. The company withdrew its 2020 guidance due to the uncertainty of the COVID-19 pandemic impact, but remains confident in its liquidity position.

First quarter sales reached $710 million, with both reported and core sales growing by 3 percent.

GAAP EPS increased to $0.43, compared to $0.30 in the first quarter of 2019.

Adjusted EPS rose to $0.52, up from $0.43 in the same period last year.

Company ended the quarter with $169 million in cash and $326 million available under its revolving credit facility, demonstrating a strong liquidity position.