Pentair(PNR)
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Pentair(PNR) - 2021 Q4 - Annual Report
2022-02-22 21:36
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-11625 Pentair plc (Exact name of Registrant as specified in its charter) | Ireland 98-1141328 | | | | | --- | --- | --- | --- | | (State or other jurisdiction of (I.R.S. Employer ...
Pentair(PNR) - 2021 Q4 - Earnings Call Presentation
2022-02-01 13:07
| --- | --- | --- | --- | --- | |--------------------------------------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Q4 2021 Earnings Release February 1, 2022 | | | | | | | | | | | | | | | | | Caution Concerning Forward-Looking Statements This release contains statements that we believe to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact ...
Pentair(PNR) - 2021 Q3 - Quarterly Report
2021-10-26 20:39
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-11625 Pentair plc (Exact name of Registrant as specified in its charter) Ireland 98-1141328 (State or other jurisdiction of incorporation or organizat ...
Pentair(PNR) - 2021 Q3 - Earnings Call Transcript
2021-10-26 18:54
Pentair plc (NYSE:PNR) Q3 2021 Earnings Conference Call October 26, 2021 9:00 AM ET Company Participants Jim Lucas – Senior Vice President, Treasurer, FP&A and Investor Relations John Stauch – President, Chief Executive Officer Bob Fishman – Chief Financial Officer Conference Call Participants Eitan Buchbinder – Citi Joe Giordano – Cowen Mike Halloran – Baird Brian Lee – Goldman Sachs Saree Boroditsky – Jefferies Bryan Blair – Oppenheimer Jeff Hammond – KeyBanc Capital Nathan Jones – Stifel Ryan Connors – B ...
Pentair(PNR) - 2021 Q3 - Earnings Call Presentation
2021-10-26 14:30
Q3 2021 Performance - Sales increased by 21% to $969 million[6, 10] - Adjusted EPS increased by 27% to $0.89[6, 13] - Core sales were up 18%[11] - Segment income increased by 28%[13] - Return on Sales (ROS) reached 18.5%, a 90 bps increase[13] Segment Performance - Consumer Solutions sales increased by 30% to $614 million, with core sales up 26%[11, 16] - Consumer Solutions segment income increased by 47%, with ROS at 19.0%, up 330 bps[19] - Industrial & Flow Technologies sales increased by 8% to $355 million, with core sales up 8%[11, 21] - Industrial & Flow Technologies segment income increased by 23%, with ROS at 14.8%[24] Balance Sheet and Cash Flow - Free cash flow from continuing operations was $165 million for Q3 2021 and $506 million year-to-date[27] - Net Debt/Adjusted EBITDA at quarter end was 0.7x[28] Q4 2021 and Full Year 2021 Outlook - The company expects total sales to be up approximately 22% to 23% for the full year 2021[31, 38] - The company expects adjusted EPS to be approximately $3.34 to $3.40 for the full year 2021[31, 38]
Pentair(PNR) - 2021 Q2 - Earnings Call Transcript
2021-07-27 21:27
Pentair plc (NYSE:PNR) Q2 2021 Results Earnings Conference Call July 27, 2021 9:00 AM ET Company Participants Jim Lucas - Senior Vice President, Treasurer, FP&A and Investor Relations John Stauch - President, Chief Executive Officer Bob Fishman - Chief Financial Officer Conference Call Participants Mike Halloran - Baird Joe Giordano - Cowen Brian Lee - Goldman Sachs Jeff Hammond - KeyBanc Capital Markets Bryan Blair - Oppenheimer Nathan Jones - Stifel Ryan Connors - Boenning & Scattergoo Andy Kaplowitz - Ci ...
Pentair(PNR) - 2021 Q2 - Quarterly Report
2021-07-27 20:55
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-11625 Pentair plc (Exact name of Registrant as specified in its charter) Ireland 98-1141328 (State or other jurisdiction of incorporation or organization) ...
Pentair(PNR) - 2021 Q2 - Earnings Call Presentation
2021-07-27 14:09
| --- | --- | --- | --- | |-----------------------------------------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | Q2 2021 Earnings Release July 27, 2021 | | | | | | | | | Forward-Looking Statements Caution Concerning Forward-Looking Statements THIS PRESENTATION CONTAINS STATEMENTS THAT WE BELIEVE TO BE "FORWARD-LOOKING STATEMENTS" WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. ALL STATEMENTS, OTHER THAN STATEMENTS OF HISTORICAL FACT ARE FORWARD-LO ...
Pentair(PNR) - 2021 Q1 - Earnings Call Transcript
2021-04-22 23:32
Financial Data and Key Metrics Changes - Sales increased by 22% year-over-year, with adjusted EPS rising by 56% to $0.81 [8][19] - Free cash flow improved significantly compared to the previous year, with a year-over-year improvement of over $150 million [30] - Segment income increased nearly 50%, and return on sales expanded by 330 basis points to 19% [18] Business Line Data and Key Metrics Changes - Consumer Solutions segment saw a sales growth of 34%, with segment income increasing by 54% and return on sales expanding to 25.1% [20] - Industrial & Flow Technologies sales increased by 7%, with segment income rising by 12% and return on sales expanding to 14.5% [26] - Water treatment sales grew by 12%, driven by strong residential demand and sequential improvement in commercial volumes [23] Market Data and Key Metrics Changes - Strong demand for pools continued, with pool sales experiencing nearly 50% growth in Q1 [20] - Residential flow grew at a double-digit rate for the second consecutive quarter, while commercial flow and industrial filtration showed modest growth [26] - Demand for water treatment products remained robust in the U.S., Europe, and especially in China [23] Company Strategy and Development Direction - The company announced the acquisition of Ken's Beverage to expand its commercial water treatment business [9] - Focus on digital innovation, technology, and ESG investments, with plans to fund initiatives through complexity reduction efforts [16] - Emphasis on maintaining a disciplined balance sheet while pursuing organic and inorganic growth opportunities [10] Management's Comments on Operating Environment and Future Outlook - Management raised full-year adjusted EPS guidance to a range of $2.80 to $2.95, indicating confidence in continued growth [10] - Despite high inflation, the company has implemented price increases to mitigate inflationary pressures in the second half of the year [11] - Management expressed optimism about the recovery in commercial and industrial businesses, with expectations for continued strong demand [11][32] Other Important Information - The company plans to continue share repurchases of at least $150 million this year [31] - Anticipated low double-digit growth in Consumer Solutions, with pool expected to grow in the mid-teens [33] Q&A Session Summary Question: Concerns about sequential pool sales in Q2 - Management acknowledged material shortages impacting Q2 and noted that while demand is strong, supply constraints could affect performance [42][43] Question: Ability to stay ahead of inflation - Management aims to offset inflation through price increases and productivity improvements, with a focus on the second half of the year [44][45] Question: Exposure to Texas market and impact of weather-related issues - Management indicated that while there was a near-term boost from weather-related issues, overall demand remains strong in Texas [52][54] Question: Inventory levels and supply chain constraints - Management noted that inventory in the channel is low and they are working to catch up with demand throughout the year [65] Question: Recovery in cyclical parts of the business - Management expressed optimism about sequential improvements in commercial filtration and overall demand recovery [67] Question: Pricing assumptions for the year - Management expects price improvements of 2.5% to 3% for the year, with full realization of price increases expected in Q3 and Q4 [72][74] Question: Update on Ken's Beverage acquisition - Management indicated that the acquisition is minimally accretive in 2021 but is seen as foundational for future growth [112] Question: Industrial business share maintenance - Management emphasized a disciplined approach to growth, focusing on projects that meet margin potential [120] Question: Appetite for larger M&A - Management indicated a preference for organic growth but remains open to strategic bolt-on acquisitions if opportunities arise [123]
Pentair(PNR) - 2021 Q1 - Quarterly Report
2021-04-22 20:45
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-11625 Pentair plc | (Exact name of Registrant as specified in its charter) | | | | | --- | --- | --- | --- | | Ireland | | 98-1141328 | | | (State or othe ...