Pentair (PNR) Tops Q2 EPS by 2c; Updates Outlook
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Pentair Reports Second Quarter 2016 Results
July 28, 2016 7:01 AM EDTÂ
·          Second quarter sales of $1.7 billion.
·          Second quarter GAAP EPS of $0.78 and adjusted EPS of $1.11.
·          Net cash provided by operating activities of $385 million and free cash flow of $351 million in the quarter. The company expects to deliver full year free cash flow of approximately 100 percent of adjusted net income.
·          The company updates its 2016 GAAP EPS to a range of $3.23 - $3.38 and on an adjusted basis to a range of $4.05 - $4.20.
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