| Imagery Source: Wikimedia Commons / Tony Webster |
| Information Source: Pentair plc |
- Sales of $1.1 billion, up 2 per cent compared to sales for the same period last year
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- Operating income was $218 million with ROS of 19.4 per cent; on an adjusted basis, operating income was $297 million with ROS of 26.4 per cent.t
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- GAAP EPS was $0 90 and adjusted EPS was $1.39
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- Net cash provided by operating activities of continuing operations was $607 million, an increase of $68 million compared to the same period last year, and free cash flow provided by continuing operations for the quarter was $596 million, an increase of $74 million compared to the same period last year.
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- Repurchased $75 million of ordinary shares
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- The company updated its full-year 2025 GAAP EPS guidance to approximately $3.95 to $4.05, up 6 per cent to 8 per cent versus the prior year, and increased its EPS guidance on an adjusted basis to approximately $4.75 to $4.85, up 10 per cent to 12 per cent versus the prior year.ar
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| Reconciliations of GAAP to Non-GAAP measures are in the attached financial tables. |
| Pentair plc (NYSE: PNR), a leader in helping the world sustainably move, improve and enjoy water, life’s most essential resource, today announced second quarter 2025 sales of $1.1 billion. Sales were upper cent per cent compared to sales for the same period last year. Excluding currency translation, acquisitions and divestitures, core sales grew 1 per cent in the second quarter. Second quarter 2025 earnings per diluted share from continuing operations (“EPS”) were $0.90 compared to $1.11 in the second quarter of 2024, a 19 per cent decrease. On an adjusted basis, the Company reported second quarter 2025 EPS of $1.39 compared to $1.22 in the second quarter of 2024, reflecting a 14 per cent increase. Adjusted operating income, reportable segment income, adjusted net income, free cash flow and adjusted EPS are described in the attached schedules. |
| John L. Stauch, Pentair’s President and Chief Executive Officer, commented, “We delivered another strong quarter of free cash flow, sales and adjusted earnings growth as we navigated through tariff and economic uncertainty. Our team executed with precision to deliver for our customers and drive solid financial and operating performance as well as shareholder value. As we look ahead, we believe we are ready to capture higher demand when the residential market returns to growth while continuing to invest in innovation and growth initiatives to drive differentiated growth across our Move, Improve and Enjoy Water segments.” |
| Second quarter 2025 operating income was $218 million, down 12 per cent compared to operating income for the second quarter of 2024, and return on sales (“ROS”) was 19.4 per cent, a decrease of 320 basis points when compared to the second quarter of 2024. On an adjusted basis, the Company had adjusted operating income of $297 million for the second quarter of 2025, up 9 per cent compared to adjusted operating income for the second quarter of 2024, and ROS was 26 per cent, an increase of 170 basis points when compared to the second quarter of 2024. |
| Flow sales were flat compared to sales for the same period last year. Excluding currency translation, acquisitions and divestitures, core sales declined 1 per cent in the second quarter. Reportable segment income of $93 million was up 10 per cent compared to the second quarter of 2024, and ROS was 23.4 per cent, an increase of 210 basis points when compared to the second quarter of 2024. |
| Water Solutions sales were down 4 per cent compared to sales for the same period last year. Excluding currency translation, acquisitions and divestitures, core sales declined 3 per cent in the second quarter. Reportable segment income of $70 million was down 4 per cent compared to the second quarter of 2024, and ROS was 23.5 per cent, which is flat when compared to the second quarter of 2024. |
| Pool sales were up by per cent compared to sales for the same period last year. Excluding currency translation, acquisitions and divestitures, core sales grew 7 per cent in the second quarter. Reportable segment income of $153 million was up 14 per cent compared to the second quarter of 2024, and ROS was 35.7 per cent, an increase of 160 basis points when compared to the second quarter of 2024. |
| Net cash provided by operating activities of continuing operations was $607 million for the quarter, er compared to $539 million in the second quarter of 2024. Free cash flow provided by continuing operations for the quarter was $596 million compared to $522 million in the second quarter of 2024. |
| Pentair paid a regular cash dividend of $0.25 per share in the second quarter of 2025. Pentair previously announced on May 5, 2025, that it will pay a regular quarterly cash dividend of $0.25 per share on August 1, 2025, to shareholders of record at the close of business on July 18, 2025. This year marks the 49th consecutive year that Pentair has increased its dividend. |
| During the second quarter, the Company repurchased 0.7 million shares for $75 million. During the six months ended June 30, 2025, the Company repurchased 1.3 million shares for $125 million. As of June 30, 2025, we had $325 million available for share repurchases under our share repurchase authorisation. |
| OUTLOOK |
| Mr. Stauch concluded, “Driven by our strong performance in the first half of the year and continued confidence in our resilient business model, we are increasing our sales growth outlook and estimated adjusted EPS range for the full year. We also introduced third quarter guidance reflecting sales growth, margin expansion and adjusted EPS growth. Our Transformation initiatives are on track to deliver expected savings this year, and our 80/20 actions are showing early signs of success. As a leader in helping the world move, improve and enjoy water, life’s most essential resource, we are well positioned to capture opportunities from favourable secular trends in water availability, increased awareness of water challenges, ageing commercial, public and municipal infrastructure, outdoor healthy living favourable housing migration.” |
| The Company updated its estimated 2025 GAAP EPS from continuing operations to approximately $3.95 to $4.05, up 6 per cent to 8 per cent versus the prior year, and increased estimated EPS on an adjusted basis to approximately $4.75 to $4.85, up 10 per cent to 1 per cent versus the prior year. The Company updates its estimated full-year 2025 sales to be up approximately 1 per cent to 2 per cent on a reported basis. |
| In addition, the Company introduces estimated third quarter 2025 GAAP EPS from continuing operations guidance of approximately $1.09 to $1.13, up approximately 29 percent to 35 percent compared to the prior year period, and on an adjusted EPS basis of approximately $1.16 to $1.20, up approximately 6 percent to 10 percent compared to the prior year period. The Company expects third quarter sales to be approximately flat to up 1 per cent on a reported basis compared to the third quarter of 2024. |
| For the full document, click the link below |
| Pentair plc |
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