Summary of Pentair Plc (PNR) Conference Call Company Overview - **Company**: Pentair Plc (PNR) - **Market Cap**: $16.4 billion - **Enterprise Value**: $17.4 billion - **Price Target**: $104.00 - **Current Price**: $98.26 - **Upside Potential**: 5.8% Key Financial Highlights - **4Q24 Revenue**: $973 million, down 1% year-over-year (yoy) due to lower volumes, but in line with consensus estimates [1][20] - **Adjusted EPS**: $1.08, exceeding consensus of $1.01 [1][20] - **Adjusted Return on Sales (ROS)**: Increased by 370 basis points yoy to 23.8% [1][20] - **Core Sales Performance**: - Flow: Down 4.5% yoy, with residential sales down 11% [1][20] - Water Solutions: Down 3.8% with commercial and residential revenues down 5% and 3%, respectively [1][20] - Pool: Up 4.5% yoy, supported by improved volume/pricing [1][20] Guidance and Future Outlook - **1Q25 Revenue Guidance**: Expected to decline 3%-4% yoy, between $975 million and $985 million, lower than consensus of $1.054 billion [1][15] - **2025 Revenue Growth Guidance**: 0%-2% yoy, approximately $4.125 billion at midpoint [1][15] - **2026 ROS Guidance**: Increased to 26% from 24% due to transformation initiatives [1][15] - **Free Cash Flow (FCF)**: Targeting 100% of net income in 2025, with a record cash generation expected [1][15] Transformation Initiatives - **Transformation Savings**: Achieved ~$107 million in savings in 2024, exceeding the target of $100 million [1][15] - **80/20 Initiative**: Moving from analysis to action plans, expected to drive core growth and profitability [1][15] Risks and Challenges - **Market Risks**: Includes potential tariff risks, particularly from China and Mexico, and the impact of higher interest rates on sales growth [1][15] - **Operational Risks**: Supply chain challenges, currency fluctuations, and input cost variations [1][18] Valuation Metrics - **P/E Ratio**: Expected to be 19.9 in 2024, decreasing to 17.5 by 2027 [2][7] - **EBITDA Growth**: Projected to grow from $1,019.5 million in 2024 to $1,232.5 million in 2027 [2][11] - **Dividend Yield**: Expected to remain around 1.0%-1.1% [2][7] Additional Insights - **Share Repurchase**: $50 million in shares repurchased during the quarter, with $450 million remaining in authorization [1][15] - **Acquisition Activity**: Recent acquisition of G&F Manufacturing for $108 million at a 10x EBITDA valuation [1][15] This summary encapsulates the key points from the conference call regarding Pentair Plc, highlighting its financial performance, future guidance, strategic initiatives, and associated risks.

CNBC / NRF 零售监视器 ， 由 Affinity 解决 2024 年 7 月 关于 Retail Monitor CNBC / NRF Retail Monitor 首次介绍了每个月的零售表现。零售监视器利用 Affinity Solutions 的数据 ， 这些数据来自超过 1.4 亿张信用 卡和借记卡 ， 其中近 90 亿笔交易的年度支出总额超过 5000 亿美元 ， 以衡量美国零售额的月度和年度变化。 了解更多信息 ： NRF | CNBC 零售监控 零售总额 （ 不包括天然气和汽车 ） 核心零售销售 （ 不包括天然气、汽车和餐馆 ） 月增长 ， 经季节性调整。 1.35% | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-------| | | | | | | 0.95% | | 0.40% | 0.36% | 0.40% | | 0.47% | | | | | | 1.20% | | | | 0.27% | 0.23% | 0.26% | | 0.30% | 0.74% | 日 日 ...

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