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Jun 30, 2020
Pentair Q2 2020 Earnings Report
Pentair's sales and earnings decreased in the second quarter of 2020 due to the impact of COVID-19.
Key Takeaways
Pentair reported second quarter sales of $713 million, a decrease of 11% compared to the same period last year. GAAP EPS was $0.44 and adjusted EPS was $0.59. The company remains confident in its liquidity position, with $91 million in cash and $764 million available under its revolving credit facility.
Second quarter sales were $713 million.
Second quarter GAAP EPS was $0.44 and adjusted EPS was $0.59.
The company ended the quarter with $91 million in cash and $764 million available under its revolving credit facility.
Full year 2020 GAAP EPS guidance is approximately $1.70 to $1.90 and adjusted EPS guidance is approximately $2.00 to $2.20.
Revenue by Segment
Forward Guidance
The company provides estimated 2020 GAAP EPS of approximately $1.70 to $1.90 and on an adjusted EPS basis of approximately $2.00 to $2.20. The company provides full year 2020 sales guidance of approximately $2.8 billion. The company is targeting full year free cash flow of greater than 100 percent of net income.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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