This company is expected to post quarterly earnings of $1.15 per share in its upcoming report, which represents a year-over-year change of +11.7%. Earnings Whisper A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. So, this comb ...

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, 2024 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 ...

Pentair plc (NYSE:PNR) Q1 2024 Earnings Conference Call April 23, 2024 9:00 AM ET Company Participants Shelly Hubbard - Vice President of Investor Relations John Stauch - President and Chief Executive Officer Bob Fishman - Executive Vice President, Chief Financial Officer and Chief Accounting Officer Conference Call Participants Michael Halloran - Robert W. Baird Brian Lee - Goldman Sachs Damian Karas - UBS Andrew Kaplowitz - Citigroup Steve Tusa - JPMorgan Bryan Blair - Oppenheimer Julian Mitchell - Barcla ...

Exhibit 99.1 First quarter 2024 operating income was $181 million, down 2 percent compared to operating income for the first quarter of 2023, and return on sales ("ROS") was 17.8 percent, or flat when compared to the first quarter of 2023. On an adjusted basis, the company reported segment income of $217 million for the first quarter of 2024, up 3 percent compared to segment income for the first quarter of 2023, and ROS was 21.4 percent, an increase of 90 basis points when compared to the first quarter of 2 ...

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, 2023 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 | | incorpora ...

Pentair plc (NYSE:PNR) Q4 2023 Earnings Conference Call January 30, 2024 9:00 AM ET Company Participants Shelly Hubbard - Vice President of Investor Relations John Stauch - President and Chief Executive Officer Bob Fishman - Chief Financial Officer Conference Call Participants Julian Mitchell - Barclays Nathan Jones - Stifel Michael Halloran - Baird Scott Graham - Seaport Research Partners Jeff Hammond - KeyBank Capital Markets, Inc Brett Linzey - Mizuho Securities Joe Giordano - Cowen Andy Kaplowitz - Cit ...

👍 PENTAIR Forward-Looking Statements Additional information concerning these and other factors is contained in our filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2022 and our Quarterly Reports on Form 10-Q. All forward-looking statements, including all financial forecasts, speak only as of the date of this presentation. Pentair assumes no obligation, and disclaims any obligation, to update the information contained in this p ...

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, 2023 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 ...

Financial Data and Key Metrics - Q3 sales exceeded $1 billion for the sixth consecutive quarter, with adjusted margin expansion also continuing for six quarters [149] - Q3 sales declined 4% year-over-year, with core sales down 7%, primarily driven by residential businesses [163] - Adjusted EPS for Q3 was $0.94, surpassing the previous guidance range of $0.84 to $0.89 [92] - Full-year 2023 adjusted EPS guidance updated to $3.70 to $3.75, reflecting strong year-to-date performance [102][167] - Q3 free cash flow was $143 million, up nearly 100% year-over-year, with year-to-date free cash flow at $453 million, up 115% [105] - Net debt leverage ratio improved to 2.1x in Q3, down from 2.6x in Q1 [105] Business Line Performance Water Solutions - Q3 Water Solutions sales increased 9% to $299 million, driven by the Manitowoc Ice acquisition and pricing [93] - Segment income grew 40% to $69 million, with return on sales (ROS) expanding 510 basis points to 23% [93] - Manitowoc Ice acquisition exceeded expectations, contributing significantly to margin expansion [93][161] - Residential sales in North America stabilized, with sequential improvement in declines from Q2 [93] Pool - Q3 Pool sales declined 21% to $309 million, primarily due to channel inventory corrections and strong Q3 2022 comparisons [61] - Pricing benefit of 7 points partially offset the 28-point volume decline [61] - ROS expanded 130 basis points despite lower sales, driven by price offsetting inflation and improved productivity [61] - Full-year Pool sales guidance adjusted to down high-teens from previous mid-teens [167] Industrial & Flow Technologies (IFT) - Q3 IFT sales increased 3% year-over-year, driven by 8% growth in commercial sales and 12% growth in industrial sales, offsetting a 7% decline in residential sales [103] - Segment income grew 18%, with ROS expanding 250 basis points to 19.4% [103] - Transformation initiatives contributed to strong margin expansion, marking the fifth consecutive quarter of significant improvement [103] Market Performance - Global markets are recovering, with Manitowoc Ice growing 30% in Q2 and 20% in Q3, expected to grow 20% for the full year [25] - The end-to-end solution approach, combining Everpure, KBI, and Manitowoc Ice, is resonating well with customers, driving incremental growth [3] - Residential water treatment businesses faced inventory destocking, but comparisons will ease in 2024 [47] Strategic Direction and Industry Competition - Transformation initiatives focused on pricing excellence, strategic sourcing, operations excellence, and organizational effectiveness are driving margin expansion [104][164] - Target ROS of 23% by the end of fiscal 2025, with margin expansion of over 400 basis points compared to fiscal 2022 [104] - Innovation remains a key focus, with 25 new products launched in 2023 and over 100 new products launched in the last three years [151] - The company is well-positioned to benefit from the Build America, Buy America Act, with many products being 100% American-made [28] Management Commentary on Operating Environment and Future Outlook - Management expects Q4 shipments to be higher than Q3, with Q1 2024 expected to be better than Q4 2023, leading to normalized seasonality by Q2 2024 [15] - Inflation is expected to moderate significantly in Q4, with price increases covering inflation, leading to a neutral or slightly positive price versus cost dynamic [100][108] - The company is focused on debt reduction and maintaining investment-grade credit, with 65% of debt fixed through interest rate swaps and collars [4] - The higher interest rate environment is expected to create a sluggish operating environment, particularly affecting small dealers and professional trade channels [73] Other Important Information - The company has been recognized for its sustainability efforts, including being named one of America's Greenest Companies 2024 by Newsweek [160] - Transformation initiatives are expected to scale in the second half of 2023, with Wave 2 benefits beginning to read out in 2024 [152][164] - The company is targeting high-teens ROIC in the long term, with a strong balance sheet and disciplined capital allocation strategy [162] Q&A Session Summary Questions on Pool Business - Management expects Q4 Pool sales to reflect higher interest rates and set up for a strong 2024 [96] - Inventory destocking is largely behind, with normal seasonality expected to return by Q2 2024 [15][96] - Pool margins are expected to remain around 30%, with potential for growth as volumes recover [38][154] Questions on Water Solutions - Manitowoc Ice has had a strong year, but growth is expected to moderate in 2024 due to tough comparisons [25][82] - Cross-selling synergies between Everpure, KBI, and Manitowoc Ice are driving incremental growth in the commercial water solutions business [3] Questions on Transformation Initiatives - Transformation initiatives contributed $29 million in productivity benefits in Q3, with significant benefits expected in Q4 and beyond [119] - Wave 2 of transformation initiatives is expected to begin reading out in 2024, with further margin expansion anticipated [120][164] Questions on Inflation and Pricing - Inflation is expected to moderate in Q4, with price increases covering inflation, leading to a neutral or slightly positive price versus cost dynamic [100][108] - Strategic pricing actions are being implemented across select products, with a focus on value-based pricing rather than cost-plus [53][58] Questions on Capital Allocation and Debt - The company is focused on debt reduction, with 65% of debt fixed through interest rate swaps and collars, and a weighted average rate of 5.3% [4] - Management is prioritizing debt paydown and maintaining flexibility in the current higher interest rate environment [11][116]

👍 PENTAIR 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," "anticipates," "estimates," "projects," "should," "would," "could," "positioned," " ...