Pentair Reports Second Quarter 2020 Results
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Pentair (PNR) Tops Q2 EPS by 10c, Revenues Beat; Offers FY20 EPS Mid-Point Guidance Above Consenus, FY20 Revenue Outlook Above Consensus
July 23, 2020 6:58 AM EDTPentair (NYSE: PNR) reported Q2 EPS of $0.59, $0.10 better than the analyst estimate of $0.49. Revenue for the quarter came in at $713 million versus the consensus estimate of $684.08 million.
Second quarter sales of $713 million.Second quarter GAAP EPS of $0.44 and adjusted EPS of $0.59.The company remains confident in its liquidity position having ended the quarter with $91 million in cash, $1.01 billion of total debt, and $764 million available under its revolving credit facility.CEOs Remarks
John L. Stauch, President and CEO, stated,... More
