Pentair Q2 sales $1.06B (+13% YoY); GAAP EPS $0.92; updates FY2022 guidance

PENTAIR plc

2022-Q2 EPS reported $1.63 revenue$2,063,800,000

Q2 sales $1.06B (+13% YoY); core sales grew 12%. GAAP EPS $0.92 vs $0.79 YoY; adjusted EPS $1.02 vs $0.84.
Updates FY2022 GAAP EPS guidance to ~$3.40-$3.45; adjusted EPS to ~$3.70-$3.75.
Segment income up 18% to $206M; ROS 19.3% (+70 bps). Free cash flow $288M vs $369M prior year.
Manitowoc Ice acquisition received all regulatory approvals; expected close on or around July 28, 2022.
New three-segment structure (Pool, Water Solutions, Industrial & Flow Technologies) effective Jan 1, 2023.

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