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 (PNR) delivers essential water management solutions and fluid control technologies across residential, commercial, and industrial markets worldwide. This news hub provides investors and industry professionals with timely updates on corporate developments shaping water infrastructure and process innovation.
Access authoritative information through curated press releases covering earnings announcements, product innovations, sustainability initiatives, and strategic partnerships. Our repository ensures transparent tracking of Pentair’s progress in filtration systems, pool equipment advancements, and industrial automation solutions.
Bookmark this page to monitor how Pentair addresses global water challenges through engineering excellence while maintaining compliance with evolving industry standards. Return regularly for unfiltered insights into operational milestones directly from corporate communications.
Pentair reported third quarter 2021 sales of $969 million, a 21% increase compared to the same period last year. GAAP EPS rose to $0.86 from $0.66 year-over-year. Adjusted EPS was $0.89, up from $0.70. The company updated its full-year GAAP EPS guidance to approximately $3.19 to $3.25 and adjusted EPS to $3.34 to $3.40. Operating income increased by 31% to $167 million, with a return on sales of 17.3%. However, free cash flow dropped to $165 million from $220 million in Q3 2020.
Pentair plc (NYSE:PNR) has completed its acquisition of Pleatco for approximately $255 million in cash. This strategic move enhances Pentair's aftermarket product offerings in water filtration and air filtration, expanding capabilities across its existing distribution channels. The acquisition allows Pentair to leverage Pleatco's innovative products to better serve pool, spa, and industrial air customers globally. Both management teams express optimism about leveraging their combined resources for growth and customer satisfaction.
Pentair plc (NYSE:PNR) is set to report its third-quarter results on October 26, 2021, before the New York Stock Exchange opens. A conference call for investors will take place at 9:00 a.m. EDT. Relevant materials will be available on Pentair's Investor Relations page prior to the call. In 2020, Pentair reported a revenue of $3 billion and has approximately 9,750 employees globally. The company focuses on delivering sustainable solutions for water management.
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.
