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Dec 31, 2021
Pentair Q4 2021 Earnings Report
Pentair reported fourth quarter and full year results, with sales increasing and EPS exceeding expectations.
Key Takeaways
Pentair's Q4 2021 saw a 24% increase in sales to $989 million and GAAP EPS of $0.89. The company's full-year sales reached $3.76 billion, with a GAAP EPS of $3.32. The company also introduces 2022 GAAP EPS guidance of approximately $3.54 to $3.64 and on an adjusted basis of approximately $3.70 to $3.80.
Fourth quarter sales reached $989 million, a 24% increase year-over-year.
Full year 2021 sales amounted to $3.76 billion, up 25% compared to the previous year.
Fourth quarter GAAP EPS was $0.89, while adjusted EPS was $0.87.
Full year 2021 GAAP EPS was $3.32, with an adjusted EPS of $3.40.
Forward Guidance
The Company introduces 2022 GAAP EPS guidance of approximately $3.54 to $3.64 and on an adjusted basis of approximately $3.70 to $3.80. The Company anticipates full year 2022 sales to be up approximately 6 to 9 percent on a reported basis. The Company expects to deliver full year free cash flow approximately equal to 100 percent of net income.
Positive Outlook
- Residential businesses benefit from installed base and strong order trends.
- Commercial demand continues to improve, a positive indicator for Water Treatment business.
- Industrial facing businesses saw improved orders and backlog, building confidence in further growth.
- Well positioned for 2022 due to agility and ability to navigate challenging environment.
- Expects to deliver full year free cash flow approximately equal to 100 percent of net income.
Challenges Ahead
- Continued uncertainty around COVID-19 impacts.
- Global supply chain instability.
- Impact of virus variants and the effectiveness of vaccinations
Historical Earnings Impact
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Avg. Return Before/After Earnings
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