Welcome to our dedicated page for Pentair news (Ticker: PNR), a resource for investors and traders seeking the latest updates and insights on Pentair stock.
Pentair plc (NYSE: PNR) is a global leader in the water treatment industry, providing industry-leading products, services, and solutions. The company is organized into three main segments:
- Pool: Pentair offers a wide range of energy-efficient swimming pool equipment, including pumps, filters, and heaters.
- Water Technologies: This segment focuses on comprehensive water filtration solutions for residential, commercial, and industrial applications. It includes products designed to meet the challenges of water filtration, separation, and fluid process management.
- Flow: Pentair provides innovative products and services for the transfer and flow of clean water, wastewater, and other fluids across various industries.
Founded with a mission to deliver smart, sustainable solutions, Pentair employs approximately 10,000 people and operates in 25 countries. In 2023, the company generated around $4.1 billion in revenue, highlighting its strong market presence and financial stability.
Pentair’s expertise in thermal management and equipment protection also positions it as a key player in the energy and industrial sectors. The Valves & Controls segment designs and manufactures advanced valves, fittings, automation controls, and actuators tailored for these verticals.
Pentair is committed to innovation and sustainability, driving advancements in water treatment technologies. The company's recent projects focus on enhancing water quality systems and offering technical solutions that meet the growing demands of their clientele.
With a robust portfolio and strategic partnerships, Pentair continues to lead the market in water, fluid, and thermal management solutions, ensuring optimal performance and efficiency for its customers worldwide.
Pentair plc (NYSE: PNR) reported fourth quarter 2020 sales of $796 million, a 5% increase year-over-year. Adjusted earnings per share (EPS) rose to $0.70 from $0.68 in the same quarter of 2019. Operating income slightly declined by 1% to $122 million, with a 15.3% return on sales (ROS), down 90 basis points from the previous year. The company anticipates 2021 EPS guidance between $2.43 to $2.58 and expects sales growth of 3% to 5%. Pentair also increased its quarterly dividend by 5%, marking its 45th consecutive year of dividend growth.
Pentair plc (NYSE:PNR) is set to release its fourth quarter and full year results on January 28, 2021, before the NYSE opens. Following this announcement, a conference call with investors will occur at 9:00 a.m. EST. Investors can access related presentation materials on the company’s website prior to the call. Pentair, specializing in water solutions, generated $3 billion in revenue in 2019 and operates in 25 countries with about 9,500 employees. The company emphasizes sustainable water management.
Pentair plc (NYSE:PNR) has appointed Karla Robertson as Chief Social Responsibility Officer (CSRO), alongside her current roles. Under the guidance of the Board, she will lead Pentair’s social responsibility efforts, focusing on Environmental, Social, and Governance (ESG) goals. The company aims to integrate ESG into its operations and set measurable targets. Key areas of focus include reducing greenhouse gas emissions, enhancing employee engagement, and aligning with shareholder interests. Pentair reported a revenue of $3 billion in 2019 and operates in 25 countries.
Pentair plc (NYSE: PNR) has finalized its acquisition of Be the Change Labs, Inc. (Rocean), enhancing its portfolio of sustainable water solutions. Rocean's smart filtration technology aims to reduce single-use plastic usage in homes and businesses. This strategic move is expected to bolster Pentair's offerings in residential and commercial water treatment, driving innovation and sustainability. Notably, Rocean's product was recognized by TIME as a “Best Invention of 2020.” Pentair reported $3 billion in revenue in 2019, reflecting its substantial market presence.
Pentair plc (NYSE: PNR) announced the appointment of Gregory Knight to its board of directors, effective January 1, 2021. Knight brings significant experience from his previous roles, including Executive Vice President at CenterPoint Energy and Chief Customer Officer at National Grid US. His expertise in customer care, digital transformation, and operations is expected to benefit Pentair and its shareholders. In 2019, Pentair recorded revenue of $3 billion and operates globally with about 9,500 employees.
Pentair plc (NYSE: PNR) announced a quarterly cash dividend of $0.20 per share, reflecting a 5% increase from the previous rate of $0.19. This marks the 45th consecutive year of dividend growth. Additionally, the Board of Directors authorized a new share repurchase program allowing up to $750 million in buybacks, effective immediately until December 31, 2025. Pentair aims to use operational cash flow for these repurchases, enhancing shareholder value and demonstrating confidence in the company's future.
Pentair (NYSE: PNR) has launched the FreshPoint Easy Flow Under Counter Filtration System, designed for easy installation and efficient water filtration. The system offers filtered water straight from existing taps for up to a year with a single filter, reducing reliance on bottled water and promoting sustainability. The filtration system minimizes installation hassles, reduces contaminants like lead, and features a filter life indicator. It comes with a one-year warranty and is rated for 3,000 gallons. Pentair's 2019 revenue was $3 billion.
Pentair (NYSE: PNR) has launched the Connected Salt Level Sensor, enhancing water treatment for homeowners. Available for online purchase, this device allows users to monitor salt levels in their water softeners through the Pentair Home app, ensuring a consistent supply of soft water. The sensor alerts homeowners when salt is low, preventing disruptions. Compatible with most brands, this battery-powered device facilitates easier maintenance and better water quality.
Pentair plc (NYSE: PNR) reported a strong performance in Q3 2020, with sales of $799 million, a 12% increase year-over-year. Core sales grew 10% when excluding currency effects, acquisitions, and divestitures. Earnings per diluted share rose to $0.66, with adjusted EPS at $0.70. Consumer Solutions segment saw a 25% sales increase, while Industrial & Flow Technologies declined by 3%. Free cash flow improved to $220 million. The company plans to maintain its dividend, having increased it for 44 consecutive years. Full year sales guidance is set at approximately $2.95 billion.
Pentair plc (NYSE:PNR) will release its third-quarter earnings on October 20, 2020, prior to the New York Stock Exchange opening. A conference call for investors is scheduled at 9:00 a.m. EDT on the same day. Presentation materials will be made available in the company’s Investor Relations section. Pentair offers sustainable water solutions globally, generating $3 billion in revenue in 2019. With around 120 locations in 25 countries, it employs approximately 9,500 people, emphasizing its commitment to clean water.
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