Pentair (PNR) Tops Q4 EPS by 9c; Reaffirms

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Pentair Reports Fourth Quarter and Full Year 2015 Results

February 2, 2016 7:01 AM EST

 

·         Fourth quarter sales of $1.8 billion.

·         Fourth quarter adjusted EPS declined 3 percent to $1.13.

·         Full year free cash flow of $643 million was approximately 90 percent of adjusted net income.

·         The company anticipates a pre-tax non-cash goodwill and intangible asset impairment charge of $400 million to $600 million.

·         The company confirms adjusted 2016 EPS guidance of $4.05 - $4.25.

Reconciliations of GAAP to Non-GAAP measures are in the attached financial tables.

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