Pentair(US:PNR)2025-04-22 10:52Financial Performance - First quarter 2025 sales were $1.0 billion, down 1% year-over-year; core sales also declined 1% excluding currency translation, acquisitions, and divestitures[3] - First quarter 2025 diluted EPS increased 16% to $0.93 compared to $0.80 in the first quarter of 2024; adjusted EPS rose 18% to $1.11[3][7] - Operating income for the first quarter 2025 was $203 million, a 12% increase from the prior year, with a return on sales (ROS) of 20.1%, up 230 basis points[4][7] - Net income for Q1 2025 was $154.9 million, an increase of 16.3% compared to $133.3 million in Q1 2024[24] - Total net sales for Q1 2025 were $1,010.4 million, a slight decrease of 0.8% from $1,017.2 million in Q1 2024[28] - The adjusted operating income for Q1 2025 was $242.5 million, up 11.6% from $217.3 million in Q1 2024[28] - The diluted earnings per share as reported for Q1 2025 was $0.93, with an adjusted diluted earnings per share of $1.11[30] Guidance and Expectations - Full year 2025 GAAP EPS guidance was updated to approximately $4.27 to $4.42, reflecting a 14% to 18% increase compared to 2024[11] - Second quarter 2025 GAAP EPS guidance is approximately $1.24 to $1.28, up 12% to 15% year-over-year[12] - The company maintained its estimated full year 2025 sales growth of flat to up approximately 2% on a reported basis[11] - The company expects full-year net sales to be flat to up 2% compared to 2024[30] Cash Flow and Capital Management - Free cash flow used for continuing operations was $56 million in the first quarter, down from $127 million in the same period last year[8] - Free cash flow from continuing operations for Q1 2025 was $(55.7) million, an improvement from $(126.7) million in Q1 2024[26] - The company experienced a net cash inflow from financing activities of $87.1 million in Q1 2025, compared to $63.2 million in Q1 2024[24] - Capital expenditures for Q1 2025 were $16.8 million, down from $19.3 million in Q1 2024[24] Segment Performance - Water Solutions sales decreased by 5% year-over-year, while Pool sales increased by 7%[6][7] - The Pool segment reported a net sales increase of 6.8% in Q1 2025, reaching $383.9 million compared to $359.5 million in Q1 2024[32] - The return on sales for the Flow segment increased to 22.7% in Q1 2025 from 20.1% in Q1 2024[28] Shareholder Returns - The company repurchased $50 million of ordinary shares and increased its dividend for the 49th consecutive year, paying $0.25 per share[7][9] Asset Management - Current assets increased to $1,727.1 million as of March 31, 2025, compared to $1,436.1 million at the end of 2024[22]