Pentair Q2 sales $941M, adj. EPS $0.84; raises FY2021 guidance

PENTAIR plc

2021-Q2 EPS reported $1.55 revenue$1,807,000,000

Sales $941M, up 32% YoY (core +28%); GAAP EPS $0.79, adjusted EPS $0.84.
Consumer Solutions sales +44% (core +39%); Industrial & Flow Technologies +17% (core +12%).
Free cash flow $369M in Q2; full-year FCF expected ≥100% of net income.
Raises FY2021 adj. EPS guidance to $3.30-$3.40; Q3 guidance adj. EPS $0.81-$0.85.
Dividend $0.20/share; 45th consecutive year of dividend increase.

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