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 (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.