Pentair Q3 sales up 9% to $1.06B; adjusted EPS $0.99 vs $0.89 YoY; guides FY22 adj. EPS ~$3.65

PENTAIR plc

2022-Q3 EPS reported $2.32 revenue$3,118,900,000

Q3 sales $1.06B (+9% YoY); GAAP EPS $0.70, adjusted EPS $0.99 vs $0.89.
Segment income $207M (+15%); ROS 19.6% (+110 bps); Industrial & Flow core +14%, Consumer core -2%.
Free cash flow $72M vs $165M prior year; dividend $0.21/share, 46th year increase.
FY22 GAAP EPS guidance ~$3.01, adj. ~$3.65; Q4 adj. EPS ~$0.79, sales approx. flat.
Closed Manitowoc Ice acquisition in Q3; CEO cites residential inventory correction ahead.

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