secwatch.observer — SEC 8-K summary
======================================

Issuer:     PENTAIR plc (PNR)
CIK:        0000077360
Form:       8-K
Filed at:   2023-10-24T23:59:59+00:00
Accession:  0000077360-23-000035
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pentair Q3 adjusted EPS $0.94, down 5% YoY; updates FY 2023 guidance
--------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/77360/000007736023000035/0000077360-23-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/77360/000007736023000035/pnr-20231024.htm
  HTML page:      https://secwatch.observer/filing/0000077360-23-000035

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