- Net sales for Pentair in Q2 2024 reached $1.10 billion, matching the estimate of $1.09 billion.
- Industrial & Flow Technologies net sales were $396.8 million, falling short of the $411.2 million estimate.
- Core net sales increased by 2.2%, surpassing the estimated rise of 1.41%.
- Core net sales in Industrial & Flow Technologies decreased by 3.1%, against an estimated increase of 0.3%.
- Adjusted EPS was $1.22, exceeding the estimate of $1.14.
- Pentair provided third quarter 2024 GAAP EPS guidance from continuing operations of approximately $0.99 to $1.01, and an adjusted EPS estimate of roughly $1.06 to $1.08.
- The updated 2024 GAAP EPS estimate from continuing operations is approximately $3.81, and the adjusted EPS estimate is roughly $4.25.
- Full year 2024 sales are expected to be flat or down by 1 percent on a reported basis.
- The President and CEO of Pentair, John L. Stauch, highlighted strong performance in Q2 due to effective execution across their water portfolio.
- Despite global economic uncertainties, the company anticipates better-than-expected margin expansion for the second half of 2024.
- The pool segment has returned to sales growth, and all three segments experienced significant margin expansion driven by strong productivity in their Transformation efforts.
- Analyst recommendations include 11 buys and 9 holds, with no sell ratings.
A look at Pentair Plc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to Smartkarma Smart Scores, Pentair Plc is viewed favorably for its long-term outlook. With a solid Growth score of 4, the company is expected to expand and develop, indicating potential for future profitability. Additionally, its Momentum score of 3 suggests Pentair is gaining traction in the market, which could lead to sustained positive performance. While Value, Dividend, and Resilience scores are moderate, the company’s strong Growth and Momentum ratings position it well for future success.
Pentair PLC, a company that specializes in providing services and solutions related to water and other fluids, thermal management, and equipment protection, operates globally through its three main segments. These segments include Water & Fluid Solutions, Valves & Controls, and Technical Solutions. Given its diverse product offerings and worldwide presence, Pentair is poised to capitalize on growth opportunities in various markets, as indicated by its favorable Growth and Momentum scores.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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