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 (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
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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.
Pentair plc (NYSE: PNR) is set to announce its fourth quarter and full year results on
Pentair plc (NYSE: PNR) has appointed Shelly Hubbard as Vice President of Investor Relations. With extensive experience across various industries, Hubbard aims to enhance Pentair's communication strategy and priorities. She previously served at Vista Outdoor and Nike Inc., where she held significant positions in investor relations. Pentair reported revenues of approximately $3.8 billion in 2021, providing sustainable water solutions globally.