Pentair Reports Strong Third Quarter 2024 Results

Details

Adjusted earnings per share (EPS) increased by 16% to $1.09. The company's operating income remained flat at $180 million, but adjusted operating income increased by 13% to $239 million. Free cash flow increased by 62% to $234 million, and the company increased its full-year adjusted EPS guidance to approximately $4.27. Pentair also announced a regular quarterly cash dividend of $0.23 per share for November 1, 2024.

Items reported

Exhibits (1)

About Pentair plc

Pentair plc is a global diversified industrial company specializing in water treatment solutions. The primary function of Pentair is to provide residential, commercial, and industrial water and wastewater treatment systems, ensuring clean and safe water access. Key sectors that Pentair impacts include residential water supply, agricultural irrigation, industrial water treatment processes, and pool and spa equipment. Pentair's offerings encompass a broad range of products, such as water filtration systems, pool pumps, and aquaculture solutions, addressing diverse needs from water softening to stormwater management. In the financial market, Pentair holds significance as a leader in the water solutions industry, adapting to global challenges like water scarcity and environmental regulations. Headquartered in the UK, with operational centers in North America, Europe, and Asia, Pentair is positioned to meet the increasing demand for efficient water management solutions worldwide. The company's long-standing expertise, innovation in sustainable water technologies, and international reach solidify its role as a vital player in promoting water quality and conservation across various sectors.