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 (NYSE:PNR) has launched its innovative Sump Controller, a smart device designed to minimize flooding risks in homes. This controller connects to the Pentair Home app, providing real-time alerts and remote activation of the sump pump during adverse weather conditions. Key features include automatic pump operation even if the primary float switch fails, performance tracking, and maintenance reports. The Sump Controller is available in the US, Canada, and Mexico, enhancing Pentair's commitment to sustainable water management solutions.
Pentair plc (NYSE:PNR) is set to announce its second quarter results on July 27, 2021, prior to the New York Stock Exchange opening. Investors can join a conference call at 9:00 a.m. EDT on the same day.
Related materials will be available in the Investor Relations section of Pentair's website. The call can be accessed via webcast or phone. A replay will be available until August 26, 2021.
In 2020, Pentair generated revenue of $3 billion and operates globally with approximately 9,750 employees.
Pentair plc (NYSE:PNR) has appointed Adrian Chiu as Chief Human Resources Officer, effective August 1, 2021, while he continues as EVP and Chief Transformation Officer. Chiu has been with Pentair for nearly 10 years, previously overseeing Total Rewards and HR Operations. He played a key role in the 2018 separation of the company’s electrical business. Kelly Baker, the outgoing CHRO, is leaving to pursue other opportunities. Pentair reported $3 billion in revenue in 2020 and has approximately 9,750 employees worldwide.
Pentair plc (NYSE:PNR) is hosting its 2021 Virtual Investor Day today at 9:00 a.m. EDT. John L. Stauch and the senior management team will outline strategies for sustainable growth. The company updates Q2 2021 GAAP EPS guidance to approximately $0.71 to $0.76, with adjusted EPS of $0.75 to $0.80. Q2 sales are expected to rise by 25% to 29% year-over-year. Full year 2021 GAAP EPS guidance is now $2.95 to $3.05 with adjusted EPS of $3.10 to $3.20, alongside a sales increase forecast of 17% to 19%.
Pentair plc (NYSE:PNR) has announced new Social Responsibility Strategic Targets, aiming to enhance its commitment to sustainable solutions. Key objectives include reducing greenhouse gas emissions by 50% by 2030, achieving carbon neutrality by 2050, and a 30% reduction in water withdrawal by 2030. The company is also focused on sustainability in product design and responsible supply chain management. In 2020, Pentair reported revenues of $3 billion and received accolades for its environmental initiatives.
Pentair plc (NYSE:PNR) is set to host a Virtual Investor Day on June 10, 2021, starting at 9:00 a.m. EDT. This event will feature presentations and a Q&A session with senior management, which will be webcast live. Interested participants can register and access the webcast through the company's Investor Relations section. A replay and presentation materials will be available post-event. Pentair reported revenue of $3 billion in 2020 and operates globally with approximately 9,750 employees.
Pentair plc (NYSE:PNR) has successfully completed its acquisition of Ken’s Beverage, Inc. (KBI) for approximately $80 million in cash. KBI, with over 30 branches and 300 technicians, specializes in beverage equipment and services for commercial clients. This acquisition aligns with Pentair's strategy to expand its offerings in water treatment solutions, enhancing service capabilities and growth opportunities in the commercial sector. The move is expected to strengthen Pentair’s leadership in providing sustainable solutions for essential resources.
Pentair plc (NYSE: PNR) has announced a quarterly cash dividend of $0.20 per share, scheduled for payment on August 6, 2021, to shareholders of record by July 23, 2021. This marks the 45th consecutive year of increased dividends by Pentair. In 2020, the company reported revenues of $3 billion and holds a global workforce of approximately 9,750 employees, serving customers in over 150 countries. Pentair focuses on delivering sustainable solutions for water management.
Pentair plc (NYSE: PNR) reported first quarter 2021 sales of $866 million, a 22% increase year-over-year. Excluding currency impacts, core sales grew 19%. Earnings per diluted share rose to $0.78 from $0.43 in 2020. Operating income jumped 56% to $157 million, with a return on sales at 18.1%, up 390 basis points. The Consumer Solutions segment experienced a 34% sales increase, while Industrial & Flow Technologies rose 7%. Pentair updated 2021 GAAP EPS guidance to $2.65 to $2.80.
Pentair plc (NYSE:PNR) has announced the acquisition of Ken's Beverage, Inc. for approximately $80 million in cash. This strategic move aims to enhance Pentair's service offerings for commercial customers, supporting its vision as a leading water treatment company. With KBI's established direct service network, Pentair aims to improve customer experience across product development, sales, installation, and service. The deal is expected to close in Q2 2021, pending customary conditions.
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