Pentair plc: Pentair Reports Fourth Quarter and Full Year 2020 Results
Fourth quarter sales of $796 million; full year 2020 sales of $3.02 billion.
Fourth quarter GAAP EPS of $0.60 and adjusted EPS of $0.70; full year 2020 GAAP EPS of $2.13 and adjusted EPS of $2.50.
The company introduces its 2021 GAAP EPS guidance of approximately $2.43 to $2.58 and on an adjusted basis of approximately $2.60 to $2.75.
Reconciliations of GAAP to Non-GAAP measures are in the attached financial tables.
Pentair plc (NYSE: PNR) today announced fourth quarter 2020 sales of $796 million. Sales were up 5 percent compared to sales for the same period last year. Excluding currency translation, acquisitions and divestitures, core sales grew 3 percent in the fourth quarter. Fourth quarter 2020 earnings per diluted share from continuing operations ( EPS ) were $0.60 compared to $0.61 in the fourth quarter of 2019. On an adjusted basis, the company reported EPS of $0.70 compared to $0.68 in the fourth q