Pentair (PNR) Tops Q3 EPS by 6c, Guides Below the Street
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Pentair Reports Third Quarter 2016 Results
October 25, 2016 7:01 AM EDTÂ
·          Third quarter sales of $1.2 billion.
·          Third quarter GAAP EPS of $0.64 and adjusted EPS of $0.78.
·          Net cash provided by operating activities of continuing operations of $139 million and free cash flow from continuing operations of $125 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 guidance to approximately $2.50 and on an adjusted basis to approximately $3.00.
·          Pentair... More
