NYSE$PNR

Pentair PLC · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Pentair's sales and earnings decreased in the second quarter of 2020 due to the impact of COVID-19.

Pentair reported second quarter sales of $713 million, a decrease of 11% compared to the same period last year. GAAP EPS was $0.44 and adjusted EPS was $0.59. The company remains confident in its liquidity position, with $91 million in cash and $764 million available under its revolving credit facility.

  • Second quarter sales were $713 million.
  • Second quarter GAAP EPS was $0.44 and adjusted EPS was $0.59.
  • The company ended the quarter with $91 million in cash and $764 million available under its revolving credit facility.
  • Full year 2020 GAAP EPS guidance is approximately $1.70 to $1.90 and adjusted EPS guidance is approximately $2.00 to $2.20.

Headline financials

Total Revenue

$713M

Previous: $800M-10.8%
EPS (adj)

$0.59

Previous: $0.69-14.5%
Capital Expenditures

-$30.5M

Previous: -$29.8M-2.3%
Free Cash Flow

$41.6M

Previous: $84.5M-50.8%
Net Income

$72.1M

Previous: $114M-36.9%
Operating Income

$111M

Previous: $134M-17.0%
Gross Profit

$245M

Previous: $287M-14.5%
Cash & Equivalents

$90.6M

Previous: $80.5M+12.5%
Total Assets

$4.12B

Previous: $4.17B-1.3%
Stock-Based Comp

$4.2M

Previous: $5.3M-20.8%

Revenue & EPS history

Pentair · Revenue · Quarterly

$713M

Q2 2020-10.8%vs Q2 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

The company provides estimated 2020 GAAP EPS of approximately $1.70 to $1.90 and on an adjusted EPS basis of approximately $2.00 to $2.20. The company provides full year 2020 sales guidance of approximately $2.8 billion. The company is targeting full year free cash flow of greater than 100 percent of net income.

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 Q2 2020

Historical avgQ2 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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