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.
Swirltex Inc. has appointed Dominik Elsaesser to its Board of Directors. With over 30 years in the clean technology and water treatment sectors, Elsaesser will provide strategic guidance and technical counsel to Swirltex. CEO Rob Budianto highlighted that his expertise in membrane and filtration technology will be critical as Swirltex aims for growth and innovation in wastewater treatment. Previously, Elsaesser served as CTO at Pentair and held various leadership roles at Dow Chemical and other firms. Swirltex specializes in a patented buoyancy-enhanced membrane filtration process that enhances wastewater treatment efficiency, targeting industries like coal mining and oil and gas.
Pentair (NYSE: PNR) released its 2022 Corporate Responsibility Report, detailing sustainability initiatives and progress in environmental responsibility. Highlights include a 29% reduction in Scope 1 and 2 greenhouse gas emissions since 2019, and a 0.7% decrease in absolute water withdrawal compared to 2019, marking a 9.3% decrease from 2021. Additionally, 100% of new products were assessed for sustainability. The company enhanced its Supplier Code of Conduct and initiated an ESG assessment of suppliers. Workforce diversity improved, with women representing 32% of the workforce and people of color at 40%. Despite these advancements, the report emphasizes ongoing challenges and the need for continued improvement in sustainability practices.
Pentair plc (NYSE:PNR) will announce its first-quarter results on
Participants can join the call via a webcast or by dialing 844-481-2705, using passcode PENTAIR. A replay will be available until
Pentair recently celebrated Black History Month by hosting Dr. Keith Mayes, a professor focused on African American studies, at an event aimed at promoting equity in education. The discussion underscored the significance of Historically Black Colleges and Universities (HBCUs) in shaping future leaders. With over 100 HBCUs in the U.S., Dr. Mayes emphasized their role in fostering cultural connections and enhancing inclusivity within organizations. The event featured alumni from HBCUs who shared their positive experiences. Pentair’s Black Employee Network (BEN) also collaborates with talent acquisition to engage with students at HBCUs for recruitment opportunities, promoting a diverse workforce.
Pentair plc (NYSE: PNR) announced a quarterly cash dividend of
Pentair plc (NYSE: PNR) reported a fourth quarter 2022 sales of $1.0 billion, a 1% increase year-over-year. However, core sales fell 3% when excluding currency effects. The fourth quarter GAAP EPS was $0.58, down from $0.89 in Q4 2021. Full year sales reached $4.1 billion, up 9%, with full year GAAP EPS of $2.92. Looking ahead, Pentair expects 2023 GAAP EPS between $3.22 and $3.42 and a projected sales decline of 3% to growth of 1%. Despite a robust dividend history, with a recent 5% increase, the outlook reflects potential challenges amid macroeconomic pressures.
Pentair has been recognized as the No. 28 Top Impact Company by Real Leaders, showcasing its commitment to sustainable water solutions. This accolade celebrates companies delivering innovative solutions to enhance societal and environmental welfare. Pentair's social responsibility efforts, guided by their Making Better Essential initiative, focus on impactful operations and products. The company sets ambitious social responsibility targets and shares progress in its annual Corporate Responsibility Report. This recognition acknowledges the support of employees, customers, and shareholders in fostering a sustainable future.
Pentair plc (NYSE: PNR) is set to announce its fourth quarter and full year results on
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