Financial Performance - For the year ended December 31, 2024, consolidated net sales were $4,082.8 million, a decrease of 0.5% compared to $4,104.5 million in 2023[154]. - Gross profit increased to $1,598.8 million, representing 39.2% of net sales, up from 37.0% in 2023, reflecting a 2.2 percentage point increase[154]. - The Flow segment reported net sales of $1,514.0 million, a decrease of 4.3% from $1,582.1 million in 2023, with segment income increasing by 12.7% to $318.1 million[163]. - Water Solutions net sales decreased by 3.9% in 2024, primarily due to a 4.8% decline in volume, despite increased selling prices to mitigate inflation[168]. - Pool segment net sales increased by 6.9% in 2024, driven by a 4.1% increase in volume and higher selling prices[172]. Operational Initiatives - The company implemented a Transformation Program aimed at driving operational excellence and margin expansion, with ongoing costs expected into 2025[152]. - The company expects to continue executing on its key Transformation Program initiatives to drive margin expansion and improve operational performance[152]. - The company identified specific product and geographic market opportunities for growth, focusing on research and development investments[153]. Cost and Pricing Strategies - Inflationary cost increases for raw materials and logistics were noted, prompting the company to take pricing actions across all segments[153]. - Flow segment income increased by 3.2 percentage points as a percentage of net sales in 2024 compared to 2023, driven by productivity improvements and partially offset by inflationary cost increases[166]. - Water Solutions segment income increased by 1.6 percentage points as a percentage of net sales in 2024, supported by productivity gains[170]. - Pool segment income increased by 2.2 percentage points as a percentage of net sales in 2024, despite inflationary cost pressures[174]. Cash Flow and Liquidity - Cash provided by operating activities of continuing operations was $766.9 million in 2024, up from $620.8 million in 2023[180]. - Free cash flow from continuing operations was $693.1 million in 2024, reflecting strong cash generation capabilities[189]. - As of December 31, 2024, total availability under the Senior Credit Facility was $890.5 million, providing significant liquidity for future operations[191]. Debt and Financial Obligations - The Term Loan Facility has an aggregate principal amount of $1.0 billion, with a maturity date of July 28, 2027, and required quarterly installment payments starting at $6.3 million, increasing to $12.5 million in 2024[192]. - As of December 31, 2024, the remaining obligation on the Term Loan Facility is $825.0 million, with no further quarterly installment payments required after 2024[192]. - Total contractual obligations amount to $2,223.0 million, with $156.7 million due in the next twelve months[204]. - The company has variable interest rate debt of $843.8 million at a weighted average interest rate of 5.84% as of December 31, 2024[205]. Shareholder Returns - The company repurchased 1.6 million ordinary shares for $150.0 million during the year ended December 31, 2024, leaving $450.0 million available for future repurchases[197]. - A regular quarterly cash dividend of $0.25 per share was approved, reflecting a 9% increase from the previous year, with total dividends paid per ordinary share of $0.92 in 2024[198]. Tax and Regulatory Matters - The effective tax rate increased to 13.0% in 2024 from a negative 0.6% in 2023, primarily due to changes in uncertain tax positions[154]. - The total gross liability for uncertain tax positions was estimated at $6.0 million as of December 31, 2024[206]. - The company recorded valuation allowances for deferred tax assets, which may be reduced if future taxable income increases[230]. Market Risks - The company is exposed to market risks including changes in interest rates and foreign currency rates, and uses derivative financial instruments to manage these risks[234]. - A 100 basis point increase in interest rates would result in approximately a $42 million decrease in the fair value of total fixed-rate debt outstanding as of December 31, 2024[236]. - A 10% appreciation or depreciation of the U.S. dollar relative to the Euro would result in a change in accumulated other comprehensive income of approximately $68 million[241].

Core Insights - Pentair plc reported fourth-quarter 2024 adjusted EPS of $1.08, exceeding the Zacks Consensus Estimate of $1.02 and improving 24% from $0.87 in the prior year [1] - The company’s net sales declined 1.2% year over year to $973 million but surpassed the Zacks Consensus Estimate of $970 million [2] - For the full year 2024, adjusted EPS was $4.33, beating the Zacks Consensus Estimate of $4.28 and reflecting a 15% increase from $3.75 in 2023 [11] Financial Performance - Including one-time items, EPS was $0.99 compared to $1.25 in the prior-year quarter [2] - Cost of sales decreased 4% year over year to $595 million, while gross profit increased 3% to $378 million, resulting in a gross margin of 38.8% [3] - SG&A expenses fell 8.5% to $161 million, and R&D expenses declined 7.2% to $21.8 million [3] Operating Metrics - Operating income rose 17% year over year to $195 million, with an operating margin of 20.1% compared to 17.0% in the previous year [4] - Adjusted segmental operating income increased 17% to $231 million, with an adjusted segmental margin of 23.8% [4] Segment Performance - Flow segment net sales were $361 million, down 4.7% year over year, but adjusted operating earnings rose 13% to $73.6 million [5] - Water Solutions segment net sales decreased 4.3% to $258 million, with earnings increasing to $62 million from $52 million [6] - Pool segment net sales increased 5% to $354 million, with operating earnings growing 13.6% to $119 million [7] Cash Flow and Balance Sheet - Cash and cash equivalents were approximately $119 million at the end of 2024, down from $170 million at the end of 2023 [8] - Net cash generated from operating activities was $767 million in 2024, compared to $621 million in the prior year [8] - Long-term debt decreased to $1.64 billion from $1.99 billion year over year [8] Shareholder Returns - Pentair increased its dividend by 9% to $0.25 per share, marking the 49th consecutive year of dividend increases [9] - The company repurchased 0.4 million shares for $50 million in the fourth quarter, with $450 million remaining under its share repurchase authorization [9] Guidance - For 2025, Pentair expects adjusted EPS between $4.65 and $4.82, indicating a year-over-year growth of 9% [12] - For Q1 2025, the company anticipates adjusted EPS between $1.00 and $1.02, with sales expected to decline 3-4% from the previous year [12] Stock Performance - Pentair's stock has gained 41.8% over the past year, outperforming the industry growth of 17.1% [13]

Q4 2024 EARNINGS RELEASE FEBRUARY 4, 2025 - Picture to be updated 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-looking statements. Without limitation, any statements preceded or followed by or that include the words "targets," "plans," "believes," "expects," "intends," "will," "likely," "may," ...

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Pentair plc (PNR) reported $972.9 million in revenue for the quarter ended December 2024, representing a year-over-year decline of 1.2%. EPS of $1.08 for the same period compares to $0.87 a year ago.The reported revenue represents a surprise of +0.31% over the Zacks Consensus Estimate of $969.89 million. With the consensus EPS estimate being $1.02, the EPS surprise was +5.88%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stre ...

Pentair (PNR) Q4 2024 Earnings Call February 04, 2025 09:00 AM ET Company Participants Shelly Hubbard - Vice President-Investor RelationsJohn L. Stauch - President and CEOBob P. Fishman - EVP, CAO, and CFOBrett Linzey - Executive DirectorSteve Tusa - Managing DirectorJeffrey Hammond - Managing DirectorNigel Coe - Managing DirectorDeane Dray - Managing DirectorAndrew Kaplowitz - Managing DirectorAndrew Krill - Vice PresidentZain Khan - Equity Research AssociateSaree Boroditsky - Senior Vice President Confere ...

Pentair plc (PNR) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $1.02 per share. This compares to earnings of $0.87 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.88%. A quarter ago, it was expected that this company would post earnings of $1.07 per share when it actually produced earnings of $1.09, delivering a surprise of 1.87%.Over the last four quarters, the company has sur ...

Exhibit 99.1 News Release Pentair Reports Strong Fourth Quarter and Full Year 2024 Results Reconciliations of GAAP to Non-GAAP measures are in the attached financial tables. LONDON, United Kingdom — February 4, 2025 — Pentair plc (NYSE: PNR) today announced fourth quarter 2024 sales of $973 million. Sales were down 1 percent compared to sales for the same period last year. Excluding currency translation, acquisitions and divestitures, core sales declined 1 percent in the fourth quarter. Fourth quarter 2024 ...

Pentair plc (PNR) is set to release its fourth-quarter 2024 results on Feb. 4, before the opening bell.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The Zacks Consensus Estimate for PNR’s fourth-quarter revenues is pegged at $969.9 million, indicating a 1.5% fall from the year-ago figure.The consensus estimate for earnings is pegged at $1.02 per share. The Zacks Consensus Estimate for PNR’s earnings has been unchanged for the past 60 days. The estimate indicates year-over-year growt ...

Wall Street expects a year-over-year increase in earnings on lower revenues when Pentair plc (PNR) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 4, 2025, might help the stock move higher if these key numbers are better than ex ...