Pentair Q2 2020 Earnings Report
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.
Pentair
Pentair
Pentair 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.