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3 hours ago
Pentair plc (NYSE:PNR) shares are trading lower after the company reported a fourth-quarter 2024 net sales decline of 1% year over year (Y/Y) to $973 million, slightly beating the consensus of $972.8 million.
Also, core sales declined by 1% Y/Y in the fourth quarter, excluding currency translation, acquisitions, and divestitures.
Gross margin expanded to 38.8% from 37.2% a year ago in the quarter. Adjusted operating margin expanded 370 basis points Y/Y to 23.8% in the quarter.
Flow segment sales decreased by 5% Y/Y to $360.7 million, Segment income was $73.6 million (+13% Y/Y), and the operating margin was 20.4%, an increase of 320 bps Y/Y in the quarter.
Water Solutions segment sales were $257.9 million (-4% Y/Y), Segment income was $62.2 million (+21% Y/Y), and ROS was 24.1%, up 500 bps Y/Y.
Pool segment sales were $331.4 million (+5% Y/Y), Segment income was $119.4 million (+14% Y/Y), and ROS was 33.8%, up 250 bps Y/Y.
Adjusted EPS came in at $1.08, surpassing the ...
