Pentair Q4 2020 Earnings Report
Key Takeaways
Pentair reported Q4 2020 sales of $796 million, a 5% increase compared to the same period last year. GAAP EPS was $0.60, and adjusted EPS was $0.70. The company delivered sales and earnings growth while generating over $500 million in free cash flow.
Fourth quarter sales reached $796 million, marking a 5% increase year-over-year.
GAAP EPS for the fourth quarter was reported at $0.60, while adjusted EPS stood at $0.70.
Full year 2020 sales amounted to $3.02 billion, with a GAAP EPS of $2.13 and an adjusted EPS of $2.50.
The company introduced its 2021 GAAP EPS guidance of approximately $2.43 to $2.58 and on an adjusted basis of approximately $2.60 to $2.75.
Pentair
Pentair
Forward Guidance
The company introduces its 2021 GAAP EPS guidance of $2.43 to $2.58 from continuing operations and on an adjusted basis of $2.60 to $2.75. The company anticipates full year 2021 sales up approximately 3 to 5 percent on a reported basis. The company expects to deliver full year free cash flow greater than or equal to 100 percent of net income. In addition, the company introduces first quarter 2021 GAAP EPS from continuing operations guidance of $0.51 to $0.59 and on an adjusted EPS basis of $0.55 to $0.63. The company expects first quarter sales to be up approximately 7 to 12 percent on a reported basis compared to first quarter 2020.