secwatch.observer — SEC 8-K summary
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Issuer:     PENTAIR plc (PNR)
CIK:        0000077360
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0000077360-24-000017
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pentair Q1 GAAP EPS $0.80, adjusted $0.94; sales $1.0B; raises FY24 GAAP EPS guidance
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- Sales $1.0B (-1% YoY); operating income $181M; GAAP EPS $0.80 vs $0.78 YoY; adjusted EPS $0.94 vs $0.91.
- Segment income $217M (+3% YoY); adjusted ROS 21.4% (+90 bps); Flow ROS +350 bps to 20.1%, Water Solutions +110 bps to 20.4%, Pool -110 bps to 30.8%.
- Free cash flow used -$127M vs -$123M YoY; dividend maintained at $0.23/share (48th consecutive annual increase).
- FY24 GAAP EPS guidance raised to ~$3.76-$3.86; adjusted EPS reiterated at $4.15-$4.25; sales growth 2-3%.
- Q2 2024 guidance: GAAP EPS $1.08-$1.10, adjusted EPS $1.15-$1.17; sales up ~1-2%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/77360/000007736024000017/0000077360-24-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/77360/000007736024000017/pnr-20240423.htm
  HTML page:      https://secwatch.observer/filing/0000077360-24-000017

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