Pentair Stock Price, News & Analysis

Pentair (NYSE: PNR) reported fourth quarter 2024 sales of $973 million, down 1% year-over-year, with core sales declining 1%. The company achieved Q4 operating income of $195 million, up 17%, with return on sales (ROS) of 20.1%. Full year 2024 performance included:

- Sales of $4.1 billion (down 1% YoY)
- Operating income of $804 million (up 9%)
- GAAP EPS of $3.74
- Adjusted EPS of $4.33
- Free cash flow of $693 million (up $143 million)

The company's Pool segment showed growth with sales up 7% for the full year, while Flow and Water Solutions segments experienced declines. Pentair increased its dividend by 9% for 2025, marking its 49th consecutive year of dividend increases. For 2025, the company projects GAAP EPS of $4.37-$4.52 and adjusted EPS of $4.65-$4.80, with sales expected to be flat to up 2%.

Pentair (NYSE:PNR) has announced it will release its fourth quarter and full year 2024 financial results before the New York Stock Exchange opens on Tuesday, February 4, 2025. The company will host an investor conference call at 9:00 a.m. Eastern Time on the same day.

Presentation materials will be available on Pentair's website investor relations section before the call. Investors can join via webcast through the company's website or by phone using specified dial-in numbers. A replay of the conference call will be accessible until March 4, 2025.

Pentair (NYSE: PNR) has announced a 9% increase in its quarterly cash dividend to $0.25 per share, up from $0.23 per share in 2024. The new dividend will be payable on February 7, 2025, to shareholders of record as of January 24, 2025. On an annualized basis, this represents an increase from $0.92 to $1.00 per share. This marks Pentair's 49th consecutive year of dividend increases, demonstrating the company's commitment to delivering shareholder value.

Pentair (NYSE: PNR) has acquired G&F Manufacturing, a Florida-based manufacturer of pool heat pumps under the Gulfstream brand, for approximately $108 million in cash. The acquisition expands Pentair's pool equipment portfolio in the Southeast United States and is expected to be modestly accretive to earnings in 2025. The strategic move strengthens Pentair's position in sustainable pool solutions, particularly in critical geographical regions where heat pumps are essential offerings.

Pentair (NYSE: PNR), a leading water solutions company, has announced its participation in the Baird Global Industrial Conference in Chicago. President and CEO John L. Stauch will deliver a presentation on November 13th at 12:00 p.m. Central Time. The presentation will be accessible through a live webcast on Pentair's website under the 'Investor Relations' section. A replay will be made available approximately 24 hours after the presentation and will remain accessible for 90 days on the company's website.

Pentair plc (NYSE: PNR) reported strong third quarter 2024 results with sales of $993 million. Operating income was $180 million with a return on sales (ROS) of 18.1%, up 20 basis points year-over-year. On an adjusted basis, ROS expanded 310 basis points to 24.1%. GAAP EPS increased 6% to $0.84, while adjusted EPS rose 16% to $1.09.

Free cash flow from continuing operations was $234 million, up $90 million from the previous year. The company updated its full-year 2024 GAAP EPS guidance to approximately $3.70 and increased adjusted EPS guidance to approximately $4.27. Pentair's balanced water portfolio strategy and focus on execution and transformation initiatives continue to drive strong results.

Pentair plc (NYSE:PNR), a leader in sustainable water solutions, has announced its plans to release third quarter 2024 earnings on Tuesday, October 22, 2024, before the New York Stock Exchange opens. The company will also host an investor conference call at 9:00 a.m. Eastern Time on the same day.

Presentation materials related to the earnings will be available on Pentair's website in the 'Investor Relations' section prior to the call. Investors can access the conference call via webcast through the company's website or by dialing in with the provided numbers and passcode. A replay of the call will be accessible until November 19, 2024.

Pentair plc (NYSE: PNR) has announced its regular quarterly cash dividend of $0.23 per share. The dividend will be paid on November 1, 2024 to shareholders of record at the close of business on October 18, 2024. This marks a significant milestone for Pentair, as it represents the 48th consecutive year of dividend increases for the company.

Pentair plc (NYSE: PNR), a leader in sustainable water solutions, is set to participate in the Morgan Stanley 12th Annual Laguna Conference on September 11th and 12th. Key highlights include:

• President and CEO John L. Stauch and EVP, CEO – Pentair Pool, Jerome Pedretti will present on September 12th at 9:20 a.m. Pacific Time
• CFO Bob Fishman will engage in investor meetings on September 11th
• A live webcast of the presentation will be available through Pentair's website
• The presentation replay will be accessible for viewing until December 10, 2024

This event provides an opportunity for Pentair to showcase its strategies and performance to investors and analysts in the water technology sector.