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Mar 31, 2024
Pentair Q1 2024 Earnings Report
Pentair reported strong first quarter 2024 results with sales of $1.0 billion and adjusted EPS of $0.94.
Key Takeaways
Pentair's first quarter 2024 results exceeded expectations, with sales reaching $1.0 billion. The company reported GAAP EPS of $0.80 and adjusted EPS of $0.94. Pentair is updating its full year 2024 GAAP EPS guidance to approximately $3.76 to $3.86 and reiterates EPS guidance on an adjusted basis of approximately $4.15 to $4.25.
Sales of $1.0 billion.
Operating income of $181 million, reflecting ROS of 17.8 percent.
Adjusted ROS expanded 90 basis points to 21.4 percent.
GAAP EPS of $0.80 and adjusted EPS of $0.94.
Revenue by Segment
Forward Guidance
The company updates its estimated 2024 GAAP EPS from continuing operations to approximately $3.76 to $3.86 and reiterates its guidance on an adjusted EPS basis of approximately $4.15 to $4.25. The Company anticipates full year 2024 sales to increase 2 percent to 3 percent on a reported basis. In addition, the company introduces second quarter 2024 GAAP EPS from continuing operations guidance of approximately $1.08 to $1.10 and on an adjusted EPS basis of approximately $1.15 to $1.17. The company expects second quarter sales to be up approximately 1 percent to 2 percent on a reported basis compared to the second quarter of 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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