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A set of initiatives and the application of 80/20 principles will increase this company's margin in the coming years. After 48 years of increasing dividends, there's a strong chance Pentair will become a Dividend King in the next couple of years.
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PNR's revenue should benefit from a reversal in the interest rate cycle in the coming quarters. Margins should benefit from value-based pricing, footprint optimization, and sourcing initiatives. I continue to maintain a buy rating given good earnings growth prospects.
Pentair delivered better than expected Q2 results, as strength in the Pool segment offset softer results elsewhere and drove a 5% operating income beat. Pentair's shares have outperformed many competitors in the pool equipment and flow control and filtration industries, with resilient demand in Pool and strong margin self-improvement execution. The Pool segment's skew to repair/replace and automation offsets some of the risk from weaker housing activity and consumer spending, but weaker commercial and industrial activity is a headwind.
Pentair plc PNR reported better-than-expected second-quarter financial results and revised its FY24 adjusted EPS guidance above estimates.
Pentair's (PNR) Q2 results reflect improved year-over-year margin performances in each of its segments. The pool segment's performance reflects sales growth.
Pentair plc (NYSE:PNR ) Q2 2024 Earnings Conference Call July 23, 2024 9:00 AM ET Company Participants Shelly Hubbard - Vice President of Investor Relations John Stauch - President and Chief Executive Officer Robert Fishman - Executive Vice President, Chief Financial Officer and Chief Accounting Officer Conference Call Participants Andrew Kaplowitz - Citigroup Bryan Blair - Oppenheimer Stephen Tusa - JPMorgan Brian Lee - Goldman Sachs Jeffrey Hammond - KeyBanc Capital Markets Deane Dray - RBC Capital Markets Saree Boroditsky - Jefferies Andrew Buscaglia - Exane BNP Paribas Nathan Jones - Stifel Julian Mitchell - Barclays Damian Karas - UBS Andrew Krill - Deutsche Bank Scott Graham - Seaport Research Joseph Giordano - TD Cowen Operator Good morning, everyone, and welcome to the Pentair Second Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode.
The headline numbers for Pentair (PNR) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Pentair plc (PNR) came out with quarterly earnings of $1.22 per share, beating the Zacks Consensus Estimate of $1.15 per share. This compares to earnings of $1.03 per share a year ago.
Pentair (PNR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.