earnings
confidence high
sentiment neutral
materiality 0.65
Pentair Q3 adjusted EPS $0.94, down 5% YoY; updates FY 2023 guidance
PENTAIR plc
2023-Q3 EPS reported
$2.50
revenue$3,119,900,000
- Sales $1.0B (down 4% YoY); GAAP EPS $0.79 (+13%); adjusted EPS $0.94 (-5%).
- Operating margins expand: GAAP ROS 17.9% (+400 bps), adjusted ROS 21.0% (+140 bps).
- Pool segment core sales down 21%; Water Solutions flat; Industrial & Flow Tech up 1%.
- Free cash flow $143M, up from $72M YoY; net cash from operations $162M.
- Updates FY 2023 GAAP EPS guidance to $3.25-$3.30, adjusted to $3.70-$3.75; Q4 adjusted EPS guide $0.82-$0.87.