NYSE$PNR

Pentair PLC · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Pentair reported strong Q3 2020 results with sales and earnings growth.

Pentair announced third quarter 2020 sales of $799 million, up 12 percent compared to the same period last year. GAAP EPS was $0.66 and adjusted EPS was $0.70. The company updated its full year 2020 GAAP EPS guidance to approximately $2.05 to $2.10 and on an adjusted basis to approximately $2.35 to $2.40.

  • Third quarter sales reached $799 million, reflecting a 12% increase year-over-year.
  • GAAP EPS stood at $0.66, while adjusted EPS reached $0.70.
  • Operating income for the third quarter was $128 million, up 18% compared to the third quarter of 2019.
  • The company updated its full year 2020 GAAP EPS guidance to approximately $2.05 to $2.10.

Headline financials

Total Revenue

$799M

Previous: $714M+11.9%
EPS (adj)

$0.70

Previous: $0.58+20.7%
Capital Expenditures

-$44.4M

Previous: -$44.6M+0.4%
Free Cash Flow

$66.4M

Previous: $47.7M+39.2%
Net Income

$111M

Previous: $92.3M+20.0%
Operating Income

$128M

Previous: $109M+17.7%
Gross Profit

$277M

Previous: $255M+8.8%
Cash & Equivalents

$82.6M

Previous: $113M-27.0%
Total Assets

$4.1B

Previous: $4.08B+0.6%
Stock-Based Comp

$4.8M

Previous: $4.6M+4.3%

Revenue & EPS history

Pentair · Revenue · Quarterly

$799M

Q3 2020+11.9%vs Q3 2019
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Pentair · $471M total across 2 segments · Q3 2020

  • Water Solutions
    $471M+24.9%
  • Corporate & Other
    $300K-25.0%

Forward guidance

The company updates its estimated 2020 GAAP EPS of approximately $2.05 to $2.10 and on an adjusted EPS basis of approximately $2.35 to $2.40. The company updates full year 2020 sales guidance of approximately $2.95 billion. The company expects 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 Q3 2020

Historical avgQ3 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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