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.
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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 $0.22 per share, payable on May 5, 2023, to shareholders of record by April 21, 2023. This marks the 47th consecutive year of dividend increases for Pentair, highlighting the company’s commitment to returning value to its shareholders. In 2022, the company reported revenue of approximately $4.1 billion and operates globally with about 11,250 employees, focusing on sustainable water solutions.
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 January 31, 2023, prior to the New York Stock Exchange opening. A conference call for investors will follow at 9:00 a.m. ET. Related materials will be available on the company’s Investor Relations website. In 2021, Pentair achieved approximately $3.8 billion in revenue and employs about 11,250 people globally, serving over 150 countries. The focus remains on sustainable water solutions aimed at enhancing lives and the environment.
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.
Pentair plc (NYSE: PNR) has announced a quarterly cash dividend of $0.22 per share, reflecting a 5% increase from the previous $0.21. This dividend will be paid on February 3, 2023, to shareholders of record by January 20, 2023. This marks the 47th consecutive year of dividend increases for Pentair, indicative of its strong commitment to returning value to shareholders.
Pentair (NYSE: PNR) has appointed Tanya Hooper as Executive Vice President and Chief Human Resources Officer, effective January 1, 2023. She will report to John Stauch, the company’s President and CEO. Hooper brings extensive HR leadership experience from Honeywell, Raytheon Technologies, and Royal Dutch Shell. She succeeds Adrian Chiu, who will become Executive Vice President and President of Pentair’s Water Solutions Segment starting on the same date. Pentair aims to be the leading sustainable water solutions provider globally.
Pentair plc (NYSE: PNR) reported third quarter 2022 sales of $1.06 billion, a 9% increase year-over-year, with adjusted EPS at $0.99. However, GAAP EPS decreased to $0.70 from $0.86 in Q3 2021. The company revised its full-year GAAP EPS guidance to approximately $3.01 and adjusted EPS to $3.65. Despite strong sales growth in its sectors, operating income fell 12% to $147 million. Pentair anticipates challenges in the upcoming quarters due to inventory corrections and external economic pressures, yet remains optimistic about future growth initiatives.