Pentair (PNR) Tops Q3 EPS by 7c, Beats on Revenue; Offers FY23 EPS Guidance
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Pentair Reports Strong Third Quarter 2023 Results
October 24, 2023 6:55 AM EDTSales of $1.0 billion, down 4 percent compared to sales for the same period last year. Operating income increased 22 percent to $180 million reflecting ROS of 17.9 percent, an increase of 400 basis points when compared to third quarter of 2022; on an adjusted basis, ROS expanded 140 basis points to 21.0 percent. GAAP EPS from continuing operations increased 13 percent to $0.79 compared to the same period last year and adjusted EPS decreased 5 percent to $0.94 compared to the same period last year. Net cash provided by operating activities of continuing operations was $162 million, an increase of $67 million compared to... More
