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) announced the appointment of Gregory Knight to its board of directors, effective January 1, 2021. Knight brings significant experience from his previous roles, including Executive Vice President at CenterPoint Energy and Chief Customer Officer at National Grid US. His expertise in customer care, digital transformation, and operations is expected to benefit Pentair and its shareholders. In 2019, Pentair recorded revenue of $3 billion and operates globally with about 9,500 employees.
Pentair plc (NYSE: PNR) announced a quarterly cash dividend of $0.20 per share, reflecting a 5% increase from the previous rate of $0.19. This marks the 45th consecutive year of dividend growth. Additionally, the Board of Directors authorized a new share repurchase program allowing up to $750 million in buybacks, effective immediately until December 31, 2025. Pentair aims to use operational cash flow for these repurchases, enhancing shareholder value and demonstrating confidence in the company's future.
Pentair (NYSE: PNR) has launched the FreshPoint Easy Flow Under Counter Filtration System, designed for easy installation and efficient water filtration. The system offers filtered water straight from existing taps for up to a year with a single filter, reducing reliance on bottled water and promoting sustainability. The filtration system minimizes installation hassles, reduces contaminants like lead, and features a filter life indicator. It comes with a one-year warranty and is rated for 3,000 gallons. Pentair's 2019 revenue was $3 billion.
Pentair (NYSE: PNR) has launched the Connected Salt Level Sensor, enhancing water treatment for homeowners. Available for online purchase, this device allows users to monitor salt levels in their water softeners through the Pentair Home app, ensuring a consistent supply of soft water. The sensor alerts homeowners when salt is low, preventing disruptions. Compatible with most brands, this battery-powered device facilitates easier maintenance and better water quality.
Pentair plc (NYSE: PNR) reported a strong performance in Q3 2020, with sales of $799 million, a 12% increase year-over-year. Core sales grew 10% when excluding currency effects, acquisitions, and divestitures. Earnings per diluted share rose to $0.66, with adjusted EPS at $0.70. Consumer Solutions segment saw a 25% sales increase, while Industrial & Flow Technologies declined by 3%. Free cash flow improved to $220 million. The company plans to maintain its dividend, having increased it for 44 consecutive years. Full year sales guidance is set at approximately $2.95 billion.
Pentair plc (NYSE:PNR) will release its third-quarter earnings on October 20, 2020, prior to the New York Stock Exchange opening. A conference call for investors is scheduled at 9:00 a.m. EDT on the same day. Presentation materials will be made available in the company’s Investor Relations section. Pentair offers sustainable water solutions globally, generating $3 billion in revenue in 2019. With around 120 locations in 25 countries, it employs approximately 9,500 people, emphasizing its commitment to clean water.