Pentair has experienced reduced production in several key facilities as the result of “shelter in place” orders and suspensions of operations in several facilities due to coronavirus, the company said today in a statement.
Pentair said it is withdrawing its previous first quarter and full year 2020 guidance that it provided on 28th January (2020) as this prior earning guidance did not reflect any impact from coronavirus (Covid-19).
The specialised food and beverage equipment manufacturer said it cannot predict at this time if additional disruption in its facilities may arise or to the extent to which demand will be impacted by Covid-19.
John L. Stauch, Pentair President and CEO, said, “This is an unprecedented time, and our focus, like yours, is the health and well-being of our employees, our customers, and our communities.”
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