Shares of Pentair PNR rose 2.8% in pre-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share fell 14.49% year over year to $0.59, which beat the estimate of $0.49.
Revenue of $713,300,000 decreased by 10.78% from the same period last year, which beat the estimate of $683,700,000.
Outlook
The upcoming fiscal year's EPS expected to be between $2.00 and $2.20.
Details Of The Call
Date: Jul 23, 2020
Time: 09:00 AM
Price Action
52-week high: $47.43
52-week low: $22.01
Price action over last quarter: Up 28.18%
Company Description
Pentair is a global leader in the water treatment industry, with 10,000 employees and a presence in 34 countries. After spinning off its electrical unit as nVent in May 2018, Pentair's remaining water business is organized into three segments: aquatic systems, filtration solutions, and flow technologies. Pentair generated approximately $3 billion in revenue and $516 million in adjusted operating income in 2019.
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