- Pentair’s net sales for the third quarter reached $993.4 million, slightly exceeding the estimated $989.9 million.
- The Industrial & Flow Technologies segment reported net sales of $372.2 million, missing the estimate of $384.6 million.
- Adjusted operating income was $239.2 million, surpassing the estimate of $234.7 million.
- Industrial & Flow Technologies income nearly matched expectations at $82.8 million.
- Core net sales saw a decline of 1.5% overall.
- The Industrial & Flow Technologies segment’s core net sales decreased by 7.3%, against an estimated decrease of 4.16%.
- Adjusted earnings per share (EPS) stood at $1.09, higher than the projected $1.07.
- Corporate & Other net sales came in at $0.3 million, below the estimate of $0.42 million.
- The company has updated its estimated 2024 GAAP EPS from continuing operations to approximately $3.70.
- Estimated adjusted EPS for 2024 has been increased to approximately $4.27, representing a 14% increase compared to 2023.
- Pentair anticipates fourth quarter sales to range from $965 million to $975 million, indicating a decline of 1% to 2% compared to the fourth quarter of 2023.
- Fourth quarter 2024 GAAP EPS from continuing operations is forecasted at approximately $0.95, with adjusted EPS at approximately $1.02, an increase of 17% from the prior year.
- The company has made significant progress on its 80/20 initiative, completing training for a majority of total revenue.
- Pentair is taking actions to promote more focused and profitable growth.
- Investment analysts’ current ratings for Pentair include 11 buys, 8 holds, and 1 sell.
A look at Pentair Plc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.0 |
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
Analysts assessing Pentair Plc‘s long-term outlook focus on its Smartkarma Smart Scores, which provide a comprehensive evaluation of the company. With a notably high Momentum score of 5, Pentair demonstrates strong performance trends that could drive future growth. This positive momentum hints at the company’s potential to continue its upward trajectory in the market.
Moreover, Pentair’s Growth score of 4 highlights promising opportunities for expansion and development. This factor, coupled with the company’s diversified services and solutions in water, thermal management, and equipment protection, positions Pentair favorably for sustained growth in the long term. While other scores like Value, Dividend, and Resilience are moderate, the strong focus on Growth and Momentum indicates a promising outlook for Pentair Plc.
Summary: Pentair PLC is a global company that offers services and solutions in water, thermal management, and equipment protection. Organized into three segments, the company delivers its products worldwide, showcasing potential growth opportunities with a particular emphasis on momentum and future expansion.
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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