Pentair (PNR) Tops Q1 EPS by 5c, Offers Outlook
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Pentair Reports First Quarter 2018 Results
April 19, 2018 6:46 AM EDTÂ
·        First quarter sales of $1.3 billion.
·        First quarter GAAP EPS of $0.58 and adjusted EPS of $0.88.
·        The company expects to complete the previously announced tax-free spin-off of its Electrical business to its shareholders on April 30, 2018.
·        The company updates its 2018 GAAP EPS from continuing operations guidance to a range of $1.75 to $1.80 and on an adjusted basis to a range of $2.25 to $2.30. This reflects the anticipated separation of its Electrical business, nVent Electric plc, on April 30, 2018 and the... More
