NYSE$PNR

Pentair PLC · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Pentair's Q4 2020 sales and earnings increased, driven by strength in residential-focused businesses.

Pentair reported Q4 2020 sales of $796 million, a 5% increase compared to the same period last year. GAAP EPS was $0.60, and adjusted EPS was $0.70. The company delivered sales and earnings growth while generating over $500 million in free cash flow.

  • Fourth quarter sales reached $796 million, marking a 5% increase year-over-year.
  • GAAP EPS for the fourth quarter was reported at $0.60, while adjusted EPS stood at $0.70.
  • Full year 2020 sales amounted to $3.02 billion, with a GAAP EPS of $2.13 and an adjusted EPS of $2.50.
  • The company introduced its 2021 GAAP EPS guidance of approximately $2.43 to $2.58 and on an adjusted basis of approximately $2.60 to $2.75.

Headline financials

Total Revenue

$796M

Previous: $755M+5.4%
EPS (adj)

$0.70

Previous: $0.68+2.9%
Capital Expenditures

$17.8M

Previous: $13.9M+28.1%
Free Cash Flow

$512M

Previous: $295M+73.5%
Net Income

$103M

Previous: $97.8M+5.3%
Operating Income

$122M

Previous: $122M-0.7%
Gross Profit

$284M

Previous: $274M+3.4%
Cash & Equivalents

$82.1M

Previous: $82.5M-0.5%
Total Assets

$4.2B

Previous: $4.14B+1.4%
Stock-Based Comp

$5.1M

Previous: $6.1M-16.4%

Revenue & EPS history

Pentair · Revenue · Quarterly

$796M

Q4 2020+5.4%vs Q4 2019
Beat estimate in 14 of 16 quarters(88%)
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 introduces its 2021 GAAP EPS guidance of $2.43 to $2.58 from continuing operations and on an adjusted basis of $2.60 to $2.75. The company anticipates full year 2021 sales up approximately 3 to 5 percent on a reported basis. The company expects to deliver full year free cash flow greater than or equal to 100 percent of net income. In addition, the company introduces first quarter 2021 GAAP EPS from continuing operations guidance of $0.51 to $0.59 and on an adjusted EPS basis of $0.55 to $0.63. The company expects first quarter sales to be up approximately 7 to 12 percent on a reported basis compared to first quarter 2020.

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 Q4 2020

Historical avgQ4 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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