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) 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 $255 million, marking the third exit for Align Capital Partners in 2021. Pleatco, based in Louisville, KY, specializes in aftermarket filtration products for pools and spas. Since ACP's acquisition in June 2017, Pleatco doubled its revenue and expanded its workforce from 180 to over 380 employees. The acquisition will provide Pleatco with additional resources and scale to enhance growth in the aftermarket segment.
Pentair plc (NYSE: PNR) has announced its acquisition of Pleatco, a manufacturer focusing on water and air filtration technologies, for approximately $255 million. This strategic move is expected to enhance Pentair's product offerings in aftermarket filtration, serving both pool/spa and industrial sectors. With an anticipated annual revenue of $95 million from Pleatco in 2021, the acquisition is projected to be accretive within its first year. The transaction is subject to regulatory approvals and expected to conclude in Q4.
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.
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.