Welcome to our dedicated page for Pentair plc news (Ticker: PNR), a resource for investors and traders seeking the latest updates and insights on Pentair plc 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 first quarter 2023 sales of $1.0 billion, an increase of 3 percent year-over-year. Operating income rose 26 percent to $184 million, reflecting a return on sales (ROS) of 17.8 percent, up 320 basis points. GAAP EPS increased 10 percent to $0.78, and adjusted EPS was $0.91, a 7 percent rise from the previous year. The company updated its full-year 2023 guidance for GAAP EPS to $3.25 to $3.35 and adjusted EPS to $3.60 to $3.70. Despite a 3 percent decline in core sales, segments like Industrial & Flow Technologies and Water Solutions saw significant growth. However, Pool segment sales dropped 16 percent. Pentair remains optimistic about its diversification and transformation strategies amid market challenges.
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