Pentair Beats Q3 Earnings & Sales Estimates, Raises '24 Outlook

Pentair plc (PNR) has reported third-quarter 2024 adjusted earnings per share (EPS) of $1.09, beating the Zacks Consensus Estimate of $1.07. The bottom line also surpassed the company’s guidance of $1.06-$1.08 and improved 14% from the 94 cents reported in the prior year.Including one-time items, EPS was 84 cents compared with the prior-year quarter’s 79 cents.Net sales declined 1.5% year over year to $993 million in the quarter under review. However, the top line surpassed the Zacks Consensus Estimate of $ ...