Pentair PLC · Q4 2019 earnings

Briefing

Pentair reported mixed results with sales slightly up but core sales declined. Company provided 2020 EPS guidance.

Pentair announced fourth quarter 2019 sales of $755 million, a 2% increase compared to the same period last year. Core sales, excluding currency translation, acquisitions, and divestitures, declined by 1%. The company reported GAAP EPS of $0.61, up from $0.54 in Q4 2018, and adjusted EPS of $0.68, compared to $0.60 in Q4 2018. The company introduced its 2020 GAAP EPS guidance of approximately $2.36 to $2.41 and on an adjusted basis of approximately $2.50 to $2.55.

• Fourth quarter sales of $755 million; full year 2019 sales of $2.96 billion.
• Fourth quarter GAAP EPS of $0.61 and adjusted EPS of $0.68; full year 2019 GAAP EPS of $2.12 and adjusted EPS of $2.38.
• The company introduces its 2020 GAAP EPS guidance of approximately $2.36 to $2.41 and on an adjusted basis of approximately $2.50 to $2.55.
• Company completed two strategic acquisitions that allowed move closer to the consumer and made great strides in accelerating growth investments around marketing, brand building and innovation.

Headline financials

Revenue & EPS history

The company introduces its 2020 GAAP EPS guidance of $2.36 to $2.41 and on an adjusted basis of $2.50 to $2.55. The company anticipates full year 2020 sales up approximately 1 to 3 percent on a reported basis and up approximately 2 to 4 percent on a core basis. The company expects to deliver full year free cash flow greater than 100 percent of net income.