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 manufacturing company that describes its mission as helping the world sustainably move, improve and enjoy water, life’s most essential resource. The Pentair news feed on this page highlights company announcements, financial updates and strategic developments that shape its role in residential, commercial, industrial and municipal water markets.
Investors and observers can follow PNR news to see how Pentair manages its capital, portfolio and leadership. Recent press releases have covered quarterly earnings results, updated earnings guidance, dividend declarations and share repurchase activity. Pentair also reports on its long record of annual dividend increases and on Board-authorized share repurchase programs funded by cash flow from operations.
Company news also includes information about acquisitions and portfolio moves. Pentair has announced a definitive agreement and completion of the acquisition of Hydra-Stop LLC, a provider of specialty insertion valves, line stop fittings and installation equipment serving water utility service providers and municipalities. These releases explain how the transaction expands Pentair’s offerings in the municipal water supply and infrastructure space.
In addition, Pentair uses news releases to communicate executive leadership changes, such as planned transitions in the Chief Financial Officer role and the creation of an Executive Vice President, Chief Information Officer and Chief Information Security Officer position. The company also highlights philanthropic initiatives through the Pentair Foundation’s Water Grants Program, which supports water-focused organizations around the world.
By reviewing the news items on this page, readers can track earnings announcements, capital allocation decisions, acquisitions, leadership updates, conference appearances and sustainability-related initiatives that the company has chosen to disclose.
Pentair plc (NYSE:PNR) is set to release its fourth quarter and full year financial results on February 1, 2022, before market opening. The company will hold a conference call for investors at 9:00 AM EST. Related materials will be available on the Investor Relations section of the Pentair website. In 2020, Pentair reported a revenue of $3 billion and employs approximately 9,750 people globally, serving customers in over 150 countries.
Pentair plc (NYSE: PNR) announced a quarterly cash dividend of $0.21 per share, increasing from $0.20, payable on February 4, 2022, to shareholders of record as of January 21, 2022. This marks a 5% increase and the 46th consecutive year of dividend growth for Pentair. With $3 billion in revenue in 2020 and operating in over 150 countries, Pentair focuses on sustainable solutions for water management.
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.