Pentair Reports Third Quarter 2020 Results
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Pentair (PNR) Tops Q3 EPS by 19c, Revenues Beat; Provides Updated FY20 EPS/Revenue Guidance Above Consensus
October 20, 2020 6:57 AM EDTPentair (NYSE: PNR) reported Q3 EPS of $0.70, $0.19 better than the analyst estimate of $0.51. Revenue for the quarter came in at $799 million versus the consensus estimate of $678.35 million.
Third quarter sales of $799 million.Third quarter GAAP EPS of $0.66 and adjusted EPS of $0.70.Net cash provided by operating activities in the first nine months was $501 million and free cash flow was $457 million.The company updates its full year 2020 GAAP EPS guidance to approximately $2.05 to $2.10 and on an adjusted basis to approximately $2.35 to... More