Pentair: Q2 Earnings Insights

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

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.pentair.com%2Finvestor-relations%2Fdefault.aspx&eventid=2402783&sessionid=1&key=9FCB98A801473C206F81D22332E20162&regTag=&sourcepage=register

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.