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) announced the appointment of Melissa Barra to its Board of Directors, effective December 1, 2021. Ms. Barra, currently the Executive Vice President and Chief Sales and Services Officer at Sleep Number Corporation, has extensive leadership experience in customer experience and strategy. She previously held various senior roles at Best Buy, Grupo Futuro, Citibank, and GE Capital. Pentair's Chairman, David A. Jones, expressed confidence that her expertise will benefit the company and its shareholders.
Pentair plc (NYSE: PNR) has announced a quarterly cash dividend of $0.20 per share, payable on November 5, 2021, to shareholders of record by October 22, 2021. This marks the company's 45th consecutive year of dividend increases. In 2020, Pentair reported $3 billion in revenue, with approximately 9,750 employees serving over 150 countries.
Pleatco Filtration has agreed to be acquired by Pentair plc (NYSE: PNR) for
Pentair plc (NYSE: PNR) has announced its acquisition of Pleatco, a manufacturer focusing on water and air filtration technologies, for approximately
Pentair plc (NYSE: PNR) reported strong second quarter 2021 results with sales of $941 million, a 32% increase year-over-year. Core sales rose 28%, while adjusted earnings per share reached $0.84, up from $0.59 in Q2 2020. Operating income was $162 million, a 46% improvement, and return on sales increased to 17.2%. The company anticipates full-year sales growth of 21-23% and updated EPS guidance to $3.13-$3.23. Despite material shortages and inflation, Pentair's order backlog is at record levels, reflecting confidence in continued growth.
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.
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