Pentair Plc Updates Guidance

Pentair plc (PNR) updated estimated 2021 GAAP EPS from continuing operations
to approximately $2.65 to $2.80 and on an adjusted EPS basis of approximately
$2.80 to $2.95. The company updated full year 2021 sales guidance to up
approximately 6 to 11 percent on a reported basis. The company expects full
year free cash flow of greater than or equal to 100 percent of net income.

The company introduced second quarter GAAP EPS from continuing operations guidance of $0.65 to $0.70 and on an adjusted EPS basis of $0.69 to $0.74. The company expects second quarter sales to be up approximately 13 to 16 percent on a reported basis.

For the first quarter, on an adjusted basis, the company reported EPS of $0.81 compared to $0.52. Earnings per share from continuing operations were $0.78 compared to $0.43.

First quarter sales were $866 million, up 22 percent from last year. Core sales grew 19 percent.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
General Motors will start replacing defective battery modules in Chevrolet Bolt EVs and EUVs with new modules. The replacement battery modules will be shipped to dealers as soon as mid-October, the automaker said in a statement. CVS Health is set to recruit qualified candidates to fill 25,000 clinical and retail jobs during a one-day national career event on Friday, September 24. This will enable CVS to meet the high demand for pharmacists, pharmacy technicians, nurses, and retail store associates to support flu season, COVID-19 vaccinations and testing. Twitter, Inc. (TWTR) announced Monday that it has entered into a binding agreement to settle the consolidated class action lawsuit commenced in 2016 in the United States District Court for the Northern District of California. Under the terms of the proposed settlement, Twitter will pay $809.5 million...
Follow RTT