earnings
confidence high
sentiment positive
materiality 0.80
Pentair Q2 sales up 2% to $1.1B, GAAP EPS $1.11 (+19%), raises FY guidance to adjusted EPS ~$4.25
PENTAIR plc
2024-Q2 EPS reported
$1.91
revenue$2,116,500,000
- Sales $1.1B (+2% reported, +2% core); GAAP EPS $1.11 (+19%), adjusted EPS $1.22 (+18%).
- Operating income $248M (+19%), ROS 22.6% (+330 bps); adjusted ROS 24.7% (+310 bps).
- Pool sales +17% (core +18%), segment income +27% ROS 34.1%; Flow -4% (core -3%), income +13%; Water Solutions -8% (core -7%), income -3%.
- Free cash flow $522M vs $433M; repurchased 0.6M shares for $50M; dividend $0.23/share (48th consecutive annual increase).
- FY2024 GAAP EPS guidance ~$3.81, adjusted ~$4.25 (+13% YoY); Q3 GAAP EPS $0.99-$1.01, adjusted $1.06-$1.08.