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Jun 30, 2022
Pentair Q2 2022 Earnings Report
Pentair reported strong second quarter results with double digit growth in sales, segment income, and adjusted EPS.
Key Takeaways
Pentair announced second quarter 2022 sales of $1.06 billion, up 13 percent compared to the same period last year. GAAP EPS was $0.92 and adjusted EPS was $1.02. The company updates its full year 2022 GAAP EPS guidance to approximately $3.40 to $3.45 and on an adjusted basis to approximately $3.70 to $3.75.
Second quarter sales of $1.06 billion.
Second quarter GAAP EPS of $0.92 and adjusted EPS of $1.02.
Core sales grew 12 percent in the second quarter.
Company updates its full year 2022 GAAP EPS guidance to approximately $3.40 to $3.45 and on an adjusted basis to approximately $3.70 to $3.75.
Revenue by Segment
Forward Guidance
The company updates its estimated 2022 GAAP EPS from continuing operations to approximately $3.40 to $3.45 and on an adjusted EPS basis to approximately $3.70 to $3.75. The company updates full year 2022 sales guidance to be up approximately 8 to 10 percent on a reported basis. In addition, the company introduces third quarter 2022 GAAP EPS from continuing operations guidance of approximately $0.90 to $0.92 and on an adjusted EPS basis of approximately $0.93 to $0.95. The company expects third quarter sales to be up approximately 3 to 5 percent on a reported basis compared to the third quarter of 2021.
Challenges Ahead
- The updated guidance primarily reflects the negative impacts of foreign exchange and higher interest rates.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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