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Pentair (PNR) delivers essential water management solutions and fluid control technologies across residential, commercial, and industrial markets worldwide. This news hub provides investors and industry professionals with timely updates on corporate developments shaping water infrastructure and process innovation.
Access authoritative information through curated press releases covering earnings announcements, product innovations, sustainability initiatives, and strategic partnerships. Our repository ensures transparent tracking of Pentair’s progress in filtration systems, pool equipment advancements, and industrial automation solutions.
Bookmark this page to monitor how Pentair addresses global water challenges through engineering excellence while maintaining compliance with evolving industry standards. Return regularly for unfiltered insights into operational milestones directly from corporate communications.
Pentair plc (NYSE: PNR) reported first quarter 2023 sales of $1.0 billion, an increase of 3 percent year-over-year. Operating income rose 26 percent to $184 million, reflecting a return on sales (ROS) of 17.8 percent, up 320 basis points. GAAP EPS increased 10 percent to $0.78, and adjusted EPS was $0.91, a 7 percent rise from the previous year. The company updated its full-year 2023 guidance for GAAP EPS to $3.25 to $3.35 and adjusted EPS to $3.60 to $3.70. Despite a 3 percent decline in core sales, segments like Industrial & Flow Technologies and Water Solutions saw significant growth. However, Pool segment sales dropped 16 percent. Pentair remains optimistic about its diversification and transformation strategies amid market challenges.
Swirltex Inc. has appointed Dominik Elsaesser to its Board of Directors. With over 30 years in the clean technology and water treatment sectors, Elsaesser will provide strategic guidance and technical counsel to Swirltex. CEO Rob Budianto highlighted that his expertise in membrane and filtration technology will be critical as Swirltex aims for growth and innovation in wastewater treatment. Previously, Elsaesser served as CTO at Pentair and held various leadership roles at Dow Chemical and other firms. Swirltex specializes in a patented buoyancy-enhanced membrane filtration process that enhances wastewater treatment efficiency, targeting industries like coal mining and oil and gas.
Pentair (NYSE: PNR) released its 2022 Corporate Responsibility Report, detailing sustainability initiatives and progress in environmental responsibility. Highlights include a 29% reduction in Scope 1 and 2 greenhouse gas emissions since 2019, and a 0.7% decrease in absolute water withdrawal compared to 2019, marking a 9.3% decrease from 2021. Additionally, 100% of new products were assessed for sustainability. The company enhanced its Supplier Code of Conduct and initiated an ESG assessment of suppliers. Workforce diversity improved, with women representing 32% of the workforce and people of color at 40%. Despite these advancements, the report emphasizes ongoing challenges and the need for continued improvement in sustainability practices.
Pentair plc (NYSE:PNR) will announce its first-quarter results on
Participants can join the call via a webcast or by dialing 844-481-2705, using passcode PENTAIR. A replay will be available until
Pentair recently celebrated Black History Month by hosting Dr. Keith Mayes, a professor focused on African American studies, at an event aimed at promoting equity in education. The discussion underscored the significance of Historically Black Colleges and Universities (HBCUs) in shaping future leaders. With over 100 HBCUs in the U.S., Dr. Mayes emphasized their role in fostering cultural connections and enhancing inclusivity within organizations. The event featured alumni from HBCUs who shared their positive experiences. Pentair’s Black Employee Network (BEN) also collaborates with talent acquisition to engage with students at HBCUs for recruitment opportunities, promoting a diverse workforce.
Pentair plc (NYSE: PNR) announced a quarterly cash dividend of
Pentair plc (NYSE: PNR) reported a fourth quarter 2022 sales of $1.0 billion, a 1% increase year-over-year. However, core sales fell 3% when excluding currency effects. The fourth quarter GAAP EPS was $0.58, down from $0.89 in Q4 2021. Full year sales reached $4.1 billion, up 9%, with full year GAAP EPS of $2.92. Looking ahead, Pentair expects 2023 GAAP EPS between $3.22 and $3.42 and a projected sales decline of 3% to growth of 1%. Despite a robust dividend history, with a recent 5% increase, the outlook reflects potential challenges amid macroeconomic pressures.
Pentair has been recognized as the No. 28 Top Impact Company by Real Leaders, showcasing its commitment to sustainable water solutions. This accolade celebrates companies delivering innovative solutions to enhance societal and environmental welfare. Pentair's social responsibility efforts, guided by their Making Better Essential initiative, focus on impactful operations and products. The company sets ambitious social responsibility targets and shares progress in its annual Corporate Responsibility Report. This recognition acknowledges the support of employees, customers, and shareholders in fostering a sustainable future.
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