secwatch.observer — SEC 8-K summary
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Issuer:     PENTAIR plc (PNR)
CIK:        0000077360
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0000077360-23-000009
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pentair Q1 2023 sales $1.0B (+3% YoY), GAAP EPS $0.78, adj EPS $0.91; FY guidance updated to $3.25-$3.35 GAAP
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- Operating income $184M (+26%); ROS expanded 320bps to 17.8% (adj 20.5%, +330bps).
- Pool segment sales -16% core; Water Solutions +32% (core +2%); Industrial & Flow +9% (core +11%).
- Segment income: Pool $116M (flat), Water Solutions $52M (+136%), Industrial & Flow $65M (+25%).
- Q2 guidance: GAAP EPS $0.87-$0.89, adj EPS $0.94-$0.96; sales down ~1% to flat.
- Free cash flow used $123M vs $149M prior year; dividend maintained at $0.22/share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/77360/000007736023000009/0000077360-23-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/77360/000007736023000009/pnr-20230427.htm
  HTML page:      https://secwatch.observer/filing/0000077360-23-000009

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer