Pentair plc Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 24, 2023 at 11:57 am
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Pentair plc reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 1,008.8 million compared to USD 1,055.1 million a year ago. Net income was USD 132.1 million compared to USD 115.4 million a year ago. Basic earnings per share from continuing operations was USD 0.8 compared to USD 0.7 a year ago. Diluted earnings per share from continuing operations was USD 0.79 compared to USD 0.7 a year ago. Basic earnings per share was USD 0.8 compared to USD 0.7 a year ago. Diluted earnings per share was USD 0.79 compared to USD 0.7 a year ago.
For the nine months, sales was USD 3,119.9 million compared to USD 3,118.9 million a year ago. Net income was USD 414.7 million compared to USD 385.9 million a year ago. Basic earnings per share from continuing operations was USD 2.51 compared to USD 2.35 a year ago. Diluted earnings per share from continuing operations was USD 2.5 compared to USD 2.33 a year ago. Basic earnings per share was USD 2.51 compared to USD 2.34 a year ago. Diluted earnings per share was USD 2.5 compared to USD 2.32 a year ago.
Pentair plc is focused on the sustainable water solutions. The Company operates through three segments: Flow, Water Solutions, and Pool. Its solutions include Residential Solutions, Commercial Solutions, Industrial Solutions, Municipal Solutions, and Agricultural Solutions. Residential Solutions include pool & spa equipment, water softening & filtration, water supply & disposal. Its Commercial Solutions include commercial filtration & foodservice, commercial heating, ventilation, and air conditioning (HVAC) & water supply, commercial pool & spa equipment, fire protection, marine, high pressure applications, recreational vehicle (RV), and turf management & pest control. Industrial Solutions include brewery production, dairy & food production, fire protection, HVAC & water supply, industrial filtration, industrial spraying, industrial wastewater, oil & gas, and pressure cleaning & sanitation. Agricultural Solutions include agricultural irrigation, and agricultural spraying.