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 reports recurring developments across its smart, sustainable water solutions business, including Pool, Water Solutions and Flow activities. Company news covers quarterly earnings, segment performance, dividend actions, investor conference participation and updates tied to residential, commercial and industrial water management.
Recent company updates also include connected pool equipment, service-platform integration plans, leadership and board changes, and governance matters. Pentair’s disclosures frame the business around moving, improving and enjoying water through pool equipment, filtration, water technologies and flow-related products serving customers globally.
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 January 31, 2023, prior to the New York Stock Exchange opening. A conference call for investors will follow at 9:00 a.m. ET. Related materials will be available on the company’s Investor Relations website. In 2021, Pentair achieved approximately $3.8 billion in revenue and employs about 11,250 people globally, serving over 150 countries. The focus remains on sustainable water solutions aimed at enhancing lives and the environment.
Pentair plc (NYSE: PNR) has appointed Shelly Hubbard as Vice President of Investor Relations. With extensive experience across various industries, Hubbard aims to enhance Pentair's communication strategy and priorities. She previously served at Vista Outdoor and Nike Inc., where she held significant positions in investor relations. Pentair reported revenues of approximately $3.8 billion in 2021, providing sustainable water solutions globally.
Pentair plc (NYSE: PNR) has announced a quarterly cash dividend of $0.22 per share, reflecting a 5% increase from the previous $0.21. This dividend will be paid on February 3, 2023, to shareholders of record by January 20, 2023. This marks the 47th consecutive year of dividend increases for Pentair, indicative of its strong commitment to returning value to shareholders.
Pentair (NYSE: PNR) has appointed Tanya Hooper as Executive Vice President and Chief Human Resources Officer, effective January 1, 2023. She will report to John Stauch, the company’s President and CEO. Hooper brings extensive HR leadership experience from Honeywell, Raytheon Technologies, and Royal Dutch Shell. She succeeds Adrian Chiu, who will become Executive Vice President and President of Pentair’s Water Solutions Segment starting on the same date. Pentair aims to be the leading sustainable water solutions provider globally.
Pentair plc (NYSE: PNR) reported third quarter 2022 sales of $1.06 billion, a 9% increase year-over-year, with adjusted EPS at $0.99. However, GAAP EPS decreased to $0.70 from $0.86 in Q3 2021. The company revised its full-year GAAP EPS guidance to approximately $3.01 and adjusted EPS to $3.65. Despite strong sales growth in its sectors, operating income fell 12% to $147 million. Pentair anticipates challenges in the upcoming quarters due to inventory corrections and external economic pressures, yet remains optimistic about future growth initiatives.
Pentair plc (NYSE:PNR) is set to release its third quarter financial results on October 25, 2022, prior to the opening of the New York Stock Exchange. A conference call for investors will follow at 9:00 a.m. Eastern Time. Relevant materials will be available in the Investor Relations section on the company's website. Pentair reported revenues of approximately $3.8 billion for 2021, with a workforce of around 11,250 employees serving customers in over 150 countries.
Pentair plc (NYSE: PNR) announced a quarterly cash dividend of $0.21 per share, payable on November 4, 2022. Shareholders on record by October 21, 2022 will benefit from this dividend. This marks the 46th consecutive year of dividend increases for Pentair, underscoring their commitment to returning value to shareholders. In 2021, Pentair achieved revenues of approximately $3.8 billion, serving a global customer base with around 11,250 employees.
Pentair plc (NYSE: PNR) has completed its acquisition of Manitowoc Ice from Welbilt, Inc. (NYSE: WBT) for $1.6 billion. This acquisition aims to enhance Pentair's Commercial Water Solutions business, expanding its total water management offerings, particularly for foodservice and hospitality customers. Manitowoc Ice, a leading provider of commercial ice makers, brings over 1 million units installed and more than 200 models of ice machines globally. The acquisition is expected to strengthen Pentair's market position in a growing industry.