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) 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.
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Pentair plc (NYSE:PNR) will announce its first quarter results on April 22, 2021, before the New York Stock Exchange opens. A conference call with investors is scheduled for 9:00 a.m. EDT on the same day. Relevant materials will be available in the Investor Relations section of their website. In 2020, Pentair reported revenues of $3 billion and employs approximately 9,750 people globally, serving customers in over 150 countries. The company focuses on providing sustainable solutions for water management.
Pentair plc (NYSE: PNR) CEO John L. Stauch will speak at the J.P. Morgan Industrials Conference on March 15, 2021, starting at 3:40 p.m. EDT. Investors can access a live audio webcast of the presentation in the 'Investor Relations' section of Pentair's website. The replay will be available 24 hours after the event and accessible until April 14, 2021. In 2020, Pentair generated $3 billion in revenue, employing approximately 9,750 people across 150 countries, focusing on sustainable water management.
Pentair plc (NYSE: PNR) has appointed Adrian Chiu as Executive Vice President, Chief Transformation Officer, effective March 1, 2021. Reporting to CEO John Stauch, Chiu aims to enhance sales performance and support strategic growth initiatives. With nearly a decade at Pentair, Chiu has played a crucial role in the company’s restructuring, including the 2018 split from nVent Electric. In 2020, Pentair generated $3 billion in revenue, serving customers in over 150 countries through sustainable water solutions.
Pentair plc (NYSE: PNR) has declared a quarterly cash dividend of $0.20 per share, scheduled for payment on May 7, 2021. Shareholders must be on record by the close of business on April 23, 2021. This dividend represents the 45th consecutive year of increases, reflecting Pentair's commitment to returning value to its shareholders. In 2020, the company reported revenue of $3 billion, highlighting its strong market presence with approximately 9,750 employees serving customers globally.
Pentair plc (NYSE: PNR) reported fourth quarter 2020 sales of $796 million, a 5% increase year-over-year. Adjusted earnings per share (EPS) rose to $0.70 from $0.68 in the same quarter of 2019. Operating income slightly declined by 1% to $122 million, with a 15.3% return on sales (ROS), down 90 basis points from the previous year. The company anticipates 2021 EPS guidance between $2.43 to $2.58 and expects sales growth of 3% to 5%. Pentair also increased its quarterly dividend by 5%, marking its 45th consecutive year of dividend growth.
Pentair plc (NYSE:PNR) is set to release its fourth quarter and full year results on January 28, 2021, before the NYSE opens. Following this announcement, a conference call with investors will occur at 9:00 a.m. EST. Investors can access related presentation materials on the company’s website prior to the call. Pentair, specializing in water solutions, generated $3 billion in revenue in 2019 and operates in 25 countries with about 9,500 employees. The company emphasizes sustainable water management.