secwatch.observer — SEC 8-K summary
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Issuer:     PENTAIR plc (PNR)
CIK:        0000077360
Form:       8-K
Filed at:   2024-07-23T23:59:59+00:00
Accession:  0000077360-24-000038
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pentair Q2 sales up 2% to $1.1B, GAAP EPS $1.11 (+19%), raises FY guidance to adjusted EPS ~$4.25
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/77360/000007736024000038/0000077360-24-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/77360/000007736024000038/pnr-20240723.htm
  HTML page:      https://secwatch.observer/filing/0000077360-24-000038

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