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Pentair Announces Retirement of Chairman of the Board David A. Jones and Appointment of T.
Businesswire· 2026-03-20 20:54
Core Viewpoint - Pentair announces the retirement of Chairman David A. Jones and the appointment of T. Michael Glenn as the new Chair of the Board, effective after the annual general meeting on May 5, 2026 [1][2]. Leadership Changes - David A. Jones has been a member of Pentair's Board since 2003 and Chairman since 2018, expressing confidence in the company's future [1][3]. - T. Michael Glenn, who has been an independent director since 2007 and has extensive experience in strategic planning and marketing, will take over as Chair [2][3]. Company Performance - Pentair reported revenue of approximately $4.2 billion in 2025, indicating a strong financial position [5]. - The company has approximately 9,000 employees and serves customers in over 150 countries, focusing on sustainable water solutions [5]. Dividend Announcement - Pentair announced a quarterly cash dividend of $0.27 per share, marking the 50th consecutive year of dividend increases [11].
Xylem Exhibits Strong Prospects Despite Persisting Headwinds
ZACKS· 2026-01-09 18:40
Core Insights - Xylem Inc. (XYL) is experiencing strong momentum across its business segments, particularly in Measurement & Control Solutions and Water Infrastructure, driven by robust demand and infrastructure projects in the U.S. [1][8] - The Applied Water segment is recovering due to increased demand for commercial building solutions, while the Water Solutions and Services segment benefits from a strong pipeline of capital projects [2][8] - Xylem has enhanced its product portfolio through strategic acquisitions, including Vacom Systems and a majority stake in Idrica, which are expected to provide growth opportunities and enable market penetration [3][8] - The company is committed to returning value to shareholders, having paid $293 million in dividends (up 11.4% year-over-year) and repurchased $14 million in shares in the first nine months of 2025 [4][8] - Despite these positive developments, Xylem faces challenges from rising costs, with a 3.6% increase in the cost of revenues and a 2.4% rise in selling, general, and administrative expenses in the first nine months of 2025 [6][8] Performance Overview - Xylem's stock has increased by 7.1% over the past six months, contrasting with a 7.9% decline in the industry [5] - The company’s financial performance is influenced by various risks, including foreign currency exchange rates and inflation in international markets [9]