Pentair Q2 beats: EPS $0.93/$1.03 adj, raises full-year EPS guidance

PENTAIR plc

2023-Q2 EPS reported $1.70 revenue$2,111,100,000

Q2 GAAP EPS $0.93 (up 1% YoY); adjusted EPS $1.03 (up 1% YoY); revenue $1.1B (+2% reported, -7% core).
Industrial & Flow core +9%, Water Solutions core +9% (reported +51%), Pool core -28%.
Operating income $209M (+9% YoY); adjusted ROS 21.6% (+230 bps).
Free cash flow $433M, up $144M YoY; quarterly dividend $0.22 unchanged.
Raises FY23 GAAP EPS to $3.27-$3.37, adjusted to $3.65-$3.75; Q3 adj EPS guide $0.84-$0.89.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PENTAIR plc reported Full Year 2023 results: EPS GAAP EPS from continuing operations approximately $3.27 to $3.37; adjusted EPS approximately $3.65 to $3.75. Guidance raised.

Period: Full Year 2023
EPS: GAAP EPS from continuing operations approximately $3.27 to $3.37; adjusted EPS approximately $3.65 to $3.75
Guidance: raised
Result: guidance update

Exact text from the filing

The company increases its estimated 2023 GAAP EPS from continuing operations to approximately $3.27 to $3.37 and on an adjusted EPS basis to approximately $3.65 to $3.75.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PENTAIR plc reported Second Quarter 2023 results: revenue $1.1 billion, EPS GAAP EPS from continuing operations $0.93; adjusted EPS $1.03.

Period: Second Quarter 2023
Revenue: $1.1 billion
EPS: GAAP EPS from continuing operations $0.93; adjusted EPS $1.03
Result: reported results

Exact text from the filing

Pentair Reports Strong Second Quarter 2023 Results • Sales of $1.1 billion, up 2 percent compared to sales for the same period last year. • Operating income increased 9 percent to $209 million reflecting ROS of 19.3 percent, an increase of 140 basis points when compared to second quarter of 2022; on an adjusted basis, ROS expanded 230 basis points to 21.6 percent. • GAAP EPS from continuing operations increased 1 percent to $0.93 compared to the same period last year and adjusted EPS rose 1 percent to $1.03 compared to the same period last year.

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Source: SEC EDGAR

accession 0000077360-23-000026

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