earnings
confidence high
sentiment positive
materiality 0.80
Pentair Q3 sales $969M (+21% YoY); adj. EPS $0.89; raises FY21 guidance
PENTAIR plc
2021-Q3 EPS reported
$2.41
revenue$2,776,200,000
- Q3 sales $969M (+21% YoY), core sales +18%; GAAP EPS $0.86 vs $0.66, adj. EPS $0.89 vs $0.70.
- Consumer Solutions sales +30% (core +26%); Industrial & Flow Technologies +8% (core +8%).
- Q3 free cash flow $165M; YTD FCF $506M; regular dividend $0.20/share, 45th consecutive annual increase.
- FY21 guidance: GAAP EPS $3.19-$3.25, adj. EPS $3.34-$3.40; sales up ~22-23% reported.
- Q4 guidance: GAAP EPS $0.77-$0.83, adj. EPS $0.81-$0.87; sales up 15-19% YoY.