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Sep 30, 2020
Pentair Q3 2020 Earnings Report
Pentair reported strong Q3 2020 results with sales and earnings growth.
Key Takeaways
Pentair announced third quarter 2020 sales of $799 million, up 12 percent compared to the same period last year. GAAP EPS was $0.66 and adjusted EPS was $0.70. The company updated its full year 2020 GAAP EPS guidance to approximately $2.05 to $2.10 and on an adjusted basis to approximately $2.35 to $2.40.
Third quarter sales reached $799 million, reflecting a 12% increase year-over-year.
GAAP EPS stood at $0.66, while adjusted EPS reached $0.70.
Operating income for the third quarter was $128 million, up 18% compared to the third quarter of 2019.
The company updated its full year 2020 GAAP EPS guidance to approximately $2.05 to $2.10.
Revenue by Segment
Forward Guidance
The company updates its estimated 2020 GAAP EPS of approximately $2.05 to $2.10 and on an adjusted EPS basis of approximately $2.35 to $2.40. The company updates full year 2020 sales guidance of approximately $2.95 billion. The company expects full year free cash flow of greater than 100 percent of net income.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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