Pentair Reports First Quarter 2020 Results
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Pentair (PNR) Tops Q1 EPS by 8c, Revenues Beat
April 30, 2020 6:58 AM EDTPentair (NYSE: PNR) reported Q1 EPS of $0.52, $0.08 better than the analyst estimate of $0.44. Revenue for the quarter came in at $710 million versus the consensus estimate of $688.64 million.
First quarter sales of $710 million; reported sales and core sales both grew 3 percent.First quarter GAAP EPS were $0.43 compared to $0.30 in the first quarter of 2019; adjusted EPS of $0.52 compared to $0.43 in the first quarter of 2019.The company remains confident in its liquidity position having ended the quarter with $169 million in cash, $1.45 billion of total debt, and $326 million available under its revolving credit... More