Free Research Report as Pentair’s Revenue Grew 7%; Adjusted EPS Surged 35%

Stock Monitor: Barnes Group Post Earnings Reporting

LONDON, UK / ACCESSWIRE / May 4, 2018 / If you want access to our free earnings report on Pentair PLC (NYSE: PNR) all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=PNR. Pentair reported its first-quarter fiscal 2018 operating and financial results on April 19, 2018. The diversified industrial manufacturer outperformed top- and bottom-line expectations. Additionally, the Company provided guidance for the upcoming quarter and fiscal year. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Barnes Group Inc. (NYSE: B), which also belongs to the Industrial Goods sector as the Company Pentair. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Pentair most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=PNR

Earnings Highlights and Summary

Pentair announced first quarter 2018 sales of $1.27 billion, up 7% compared to sales for $1.18 billion in Q1 2017. Excluding currency translation and acquisitions, the Company’s core sales grew 4% in the reported quarter. Pentair’s reported numbers surpassed analysts’ estimates of $1/25 billion.

During Q1 2018, Pentair’s operating income was $152.3 million, up 8% compared to operating income of $140.6 million for Q1 2017. The Company’s return on sales (ROS) was 12.0%, reflecting an increase of 10 basis points when compared to the year-ago period. On an adjusted basis, Pentair reported segment income of $211 million for Q1 2018, up 13% on a y-o-y basis, while the Company’s ROS was 16.6%, representing an increase of 90 basis points when compared to the prior year’s corresponding quarter.

For Q1 2018, Pentair’s earnings were $102.9 million, or $0.57 per diluted share, compared to $87.8 million, or $0.48 per diluted share, for Q1 2017. On an adjusted basis, the Company reported earnings of $0.88 per diluted share, up 35% compared to $0.65 per diluted share in the prior year’s same quarter. Pentair’s earnings beat Wall Street’s estimates of $0.83 per share.

Cash Matters

Pentair’s net cash used for operating activities of continuing operations was $167 million and free cash flow usage from continuing operations was $181 million for Q1 2018. The Company is targeting to deliver full year free cash flow of approximately 100% of adjusted net income.

Planned Separation

On April 30, 2018, Pentair announced it has completed the separation of its Electrical business, which is now held by nVent Electric PLC (nVent), a new independent, publicly-traded Company. nVent shares started trading on the New York Stock Exchange on May 01, 2018, under the symbol “NVT.”

nVent is forecasting full-year 2018 GAAP earnings to be in the range of $1.38 to $1.48 per share and, on an adjusted basis, at a range of $1.70 to $1.80 per share. For FY18, nVent anticipates sales of approximately $2.2 billion, up 3% to 5% on a reported basis and up 2% to 4% on a core basis compared to FY17.

Outlook

For FY18, Pentair is forecasting earnings from continuing operations to a range of $1.75 to $1.80 and on an adjusted EPS basis to be in the range of $2.25 to $2.30. The Company is expecting FY18 sales to be in the band of $2.96 billion, up 3% to 4% on a reported and core basis over FY17.

For the second quarter 2018, Pentair is projecting GAAP earnings from continuing operations in the range of $0.44 to $0.46 per diluted share, and adjusted earnings in the band of $0.67 to $0.69 per share. The Company is estimating upcoming quarter sales to be approximately $0.79 billion, up 4% to 5% on a reported basis and up 3% to 4% on a core basis compared to Q2 2017.

Pentair’s FY18 and Q2 2018 outlook reflects the anticipated separation of the Electrical business on April 30, 2018, and the reporting of Electrical`s results as discontinued operations.

Stock Performance Snapshot

May 3, 2018 – At Thursday’s closing bell, Pentair’s stock declined 3.26%, ending the trading session at $43.94.

Volume traded for the day: 5.26 million shares, which was above the 3-month average volume of 1.80 million shares.

After yesterday’s close, Pentair’s market cap was at $7.88 billion.

Price to Earnings (P/E) ratio was at 14.22.

The stock has a dividend yield of 3.19%.

The stock is part of the Industrial Goods sector, categorized under the Industrial Equipment & Components industry. This sector was up 0.3% at the end of the session.

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