NYSE$PNR

Pentair PLC · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Pentair's first quarter results reflected a mix of growth and challenges amidst the emerging impact of the COVID-19 pandemic.

Pentair reported first-quarter sales of $710 million, a 3 percent increase compared to the same period last year. GAAP EPS were $0.43, up from $0.30 in the first quarter of 2019, and adjusted EPS were $0.52, compared to $0.43 in the first quarter of 2019. The company withdrew its 2020 guidance due to the uncertainty of the COVID-19 pandemic impact, but remains confident in its liquidity position.

  • First quarter sales reached $710 million, with both reported and core sales growing by 3 percent.
  • GAAP EPS increased to $0.43, compared to $0.30 in the first quarter of 2019.
  • Adjusted EPS rose to $0.52, up from $0.43 in the same period last year.
  • Company ended the quarter with $169 million in cash and $326 million available under its revolving credit facility, demonstrating a strong liquidity position.

Headline financials

Total Revenue

$710M

Previous: $689M+3.1%
EPS (adj)

$0.52

Previous: $0.43+20.9%
Capital Expenditures

-$18.7M

Previous: -$16.8M-11.3%
Free Cash Flow

$54M

Previous: $34.5M+56.5%
Net Income

$72.7M

Previous: $51.3M+41.7%
Operating Income

$101M

Previous: $67.6M+49.0%
Gross Profit

$252M

Previous: $236M+6.8%
Cash & Equivalents

$169M

Previous: $78.9M+114.6%
Total Assets

$4.43B

Previous: $4.38B+1.0%
Stock-Based Comp

$6.2M

Previous: $5.4M+14.8%

Revenue & EPS history

Pentair · Revenue · Quarterly

$710M

Q1 2020+3.1%vs Q1 2019
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

Pentair · $609M total across 3 segments · Q3 2023

  • Pool
    $309M
  • Water Solutions
    $299M
  • Corporate & Other
    $400K+33.3%

Forward guidance

Pentair has withdrawn its guidance for 2020 due to the uncertainty of the duration and extent of the COVID-19 pandemic impact.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-0.5%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+0.9%

Avg return

30 days after

41%

28 / 69 earnings

Positive

+13.6%

Q4 2022

Best reaction

-8.5%

Q2 2014

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.0%-14.3%-23.1%
Q4 2025-5.1%-7.7%-9.0%
Q3 2025-0.2%+0.4%-7.2%
Q2 2025-2.2%-1.8%+1.8%
Q1 2025+9.2%+14.0%+23.7%
Q4 2024-4.3%-4.6%-12.5%
Q3 2024-0.4%+0.6%+7.8%
Q2 2024+4.8%+10.6%+5.4%
Q1 2024-0.3%+1.0%+4.2%
Q4 2023-0.1%+0.8%+6.2%
Q3 2023-7.9%-7.4%+0.7%
Q2 2023+4.1%+4.5%+0.2%
Q1 2023+10.8%+10.4%+9.9%
Q4 2022+13.6%+17.1%+9.4%
Q3 2022+2.6%+4.9%+12.7%
Q2 2022+5.2%+4.2%+3.9%
Q1 2022-3.0%-4.9%-9.9%
Q4 2021-2.2%-6.1%-7.9%
Q3 2021-4.7%-3.8%+0.6%
Q2 2021+3.8%+7.2%+12.0%
Q1 2021-0.1%-0.5%+5.6%
Q4 2020-4.6%-4.6%-2.0%
Q3 2020+3.9%+5.5%+8.1%
Q2 2020-1.0%-1.3%+7.5%
Q1 2020-5.1%-3.1%+11.1%
Q4 2019-2.6%-4.3%-11.7%
Q3 2019+5.6%+5.5%+11.0%
Q2 2019+4.5%+4.3%-3.3%
Q1 2019-5.6%-7.0%-11.0%
Q4 2018+1.6%+1.1%+4.9%
Q3 2018+0.2%+3.4%+9.3%
Q2 2018-2.1%-1.8%-2.9%
Q1 2018-2.0%-6.7%-4.7%
Q4 2017-3.1%-3.5%-9.3%
Q3 2017+0.2%-1.0%-1.8%
Q2 2017-3.4%-2.0%-5.6%
Q1 2017+2.7%+2.0%+5.2%
Q4 2016-4.3%-3.9%-3.3%
Q3 2016-6.0%-6.4%-1.9%
Q2 2016+0.1%-4.1%-0.1%
Q1 2016+6.8%
Q4 2015-2.5%
Q3 2015-2.2%
Q2 2015-4.6%
Q1 2015-5.5%
Q4 2014-1.2%
Q3 2014+0.7%
Q2 2014-8.5%
Q1 2014-6.6%
Q4 2013+2.7%
Q3 2013-0.9%
Q2 2013-0.9%
Q1 2013+8.6%
Q4 2012-5.6%
Q3 2012+8.3%
Q2 2012+4.4%
Q1 2012-1.5%
Q4 2011-1.3%
Q3 2011+1.3%
Q2 2011-7.0%
Q1 2010+1.8%
Q1 2011+1.8%
Q4 2008-2.1%
Q4 2010-2.1%
Q3 2010-7.7%
Q2 2009-7.7%
Q3 2009-7.7%
Q4 2009+0.6%
Q2 2010+0.6%

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