Pentair (PNR) Tops Q1 EPS by 8c, Revenues Beat
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Pentair Reports First Quarter 2020 Results
April 30, 2020 6:55 AM EDTFirst 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 facility. For 2020, Pentair has withdrawn its guidance due to the uncertainty of the duration and extent of the COVID-19 pandemic impact.
Reconciliations of GAAP to... More
