earnings
confidence high
sentiment positive
materiality 0.80
Pentair Q3 sales $993M; adj EPS $1.09 (+16%); raises FY adj EPS guide to ~$4.27
PENTAIR plc
2024-Q3 EPS reported
$2.75
revenue$3,109,900,000
- Sales $993M down 2% YoY; core sales down 1%; adjusted ROS expanded 310bps to 24.1%.
- GAAP EPS $0.84 (+6% YoY); adjusted EPS $1.09 (+16% YoY); FY adjusted EPS guide raised to ~$4.27.
- Free cash flow from ops $249M (+$86M YoY); free cash flow $234M (+$90M YoY).
- Pool segment sales up 7% (core +8%); segment ROS 34.0% (+470bps). Flow and Water Solutions declined.
- Repurchased 0.6M shares for $50M; 48th consecutive year of dividend increase; quarterly dividend $0.23.