8-K
filed January 30, 2024, 6:59 PM ET
ticker PNR
CIK 0000077360
earnings
confidence high
sentiment positive
materiality 0.80
Pentair Q4 GAAP EPS $1.25 vs $0.58; full-year adjusted EPS $3.75; 2024 guidance raised 11-13%
PENTAIR plc
2023-FY EPS reported
$3.75
revenue$4,104,500,000
- Q4 sales $985M, down 2% YoY; adjusted ROS expanded 190 bps to 20.1%.
- Full-year free cash flow $550M, up $267M vs 2022; dividend raised 5% to $0.23/share (48th consecutive increase).
- Pool segment full-year sales down 18% but ROS improved 270 bps to 31.0%.
- 2024 adjusted EPS guidance $4.15-$4.25 (11-13% increase); Q1 adjusted EPS $0.88-$0.91.
- Flow segment full-year sales +5%, income +17%; Water Solutions full-year sales +19%, income +66%.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
PENTAIR plc reported 2024 results: EPS $3.82 to $3.92. Guidance initiated.
- Period
- 2024
- EPS
- $3.82 to $3.92
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
The Company introduces 2024 GAAP EPS guidance of $3.82 to $3.92 an d adjusted EPS guidance of $4.15 to $4.25 .
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
PENTAIR plc reported fourth quarter and full year of 2023 results: revenue $985 million, EPS $1.25. Guidance initiated.
- Period
- fourth quarter and full year of 2023
- Revenue
- $985 million
- EPS
- $1.25
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
titled measures reported by other companies. --- EX-99.1 (EX-99.1) --- News Release Pentair Reports Strong Fourth Quarter and Full Year 2023 Results • Fourth quarter sales of $985 million; full year 2023 sales of $4.1 billion. • Operating income in the fourth quarter increased 50 percent to $167 million reflecting ROS of 17.0 percent, an increase of 590 basis
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
PENTAIR plc reported full year 2023 results: revenue $4.1 billion, EPS $3.75. Guidance initiated.
- Period
- full year 2023
- Revenue
- $4.1 billion
- EPS
- $3.75
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
full year 2023 sales of $4.1 billion. • Operating income in the fourth quarter increased 50 percent to $167 million reflecting ROS of 17.0 percent, an increase of 590 basis points when compared to fourth quarter 2022; on an adjusted basis, ROS expanded 190 basis points to 20.1 percent. Full year operating income increased 24 percent to $739 million reflecting ROS of 18.0 percent, an increase of 360 basis points from the prior year; on an adjusted basis, ROS expanded 220 basis points to 20.8 percent. • Fourth quarter GAAP EPS of $1.25 and adjusted EPS of $0.87; full year 2023 GAAP EPS of $3.75 and adjusted EPS of $3.75.
View on SEC.gov
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