Pentair Stock Price, News & Analysis

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.