Pentair plc Reports Fourth Quarter and Full Year 2024 Results with Strong Margin Expansion

Details

The company reported a 17% increase in fourth quarter operating income to $195 million, with a return on sales (ROS) of 20.1%, up 310 basis points year-over-year. Full year operating income rose 9% to $804 million, with ROS at 19.7%, an increase of 170 basis points from 2023. Adjusted operating income and ROS showed even stronger growth, with adjusted ROS expanding by 370 basis points in the fourth quarter and 270 basis points for the full year. Pentair also provided guidance for 2025, anticipating GAAP EPS between $4.37 and $4.52 and adjusted EPS between $4.65 and $4.80. The company maintained a solid balance sheet with strong cash flow and announced an increase in its regular cash dividend for the 49th consecutive year.

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.