PENTAIR PLC Reports Revenue of USD 1082.5 Million for FY2023 Q2
August 26, 2023
🌥️Earnings Overview
PENTAIR PLC ($NYSE:PNR) reported their FY2023 Q2 earnings results, showing an increase of 1.7% in total revenue to USD 1082.5 million as of June 30 2023 compared to the same quarter the year before. Net income remained unchanged year over year at USD 152.9 million.
Price History
On Thursday, PENTAIR PLC reported their revenue figures for the second fiscal quarter, ending June 30th, 2023. The news sent PENTAIR PLC stock soaring, with the price opening at $68.0 and closing at $68.8, up by 2.8% from its previous closing price of $66.9. This impressive growth was in spite of a weak global economic environment, with the company’s revenue beating analysts’ estimates and outperforming market expectations. The strong revenue performance was resulted from an increase in sales for all four of the company’s core businesses – Water Technologies, Flow Technologies, Infrastructure & Industrial Products, and Smart Home & Building Solutions.
The company attributed the increased sales to an upsurge in customer demand for their products and services across all of their core markets. With the strong revenue figures reported in the quarter, PENTAIR PLC looks poised to continue its growth in the coming quarters as it expands its product offerings and explores new markets. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Pentair Plc. More…
| Total Revenues | Net Income | Net Margin |
| 4.17k | 493 | 11.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Pentair Plc. More…
| Operations | Investing | Financing |
| 526.5 | -1.58k | 1.07k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Pentair Plc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.51k | 3.57k | 17.78 |
Key Ratios Snapshot
Some of the financial key ratios for Pentair Plc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.0% | 13.7% | 16.1% |
| FCF Margin | ROE | ROA |
| 10.7% | 14.6% | 6.5% |
Analysis
As part of our analysis of PENTAIR PLC‘s financials, we have classified the company as ‘rhino’ according to the Star Chart. This indicates that the company has achieved moderate revenue or earnings growth. Investors who may be interested in such a company are those who are looking for dividend-yielding stocks with good profitability. However, the company is weak in asset and growth when compared to other competitors. One of the key factors that can be used to assess a company’s health is its cashflows and debt. In this regard, PENTAIR PLC has scored an 8/10, which suggests that the company is capable to sustain future operations in times of crisis. This high score makes it an attractive option for investors who are seeking companies with strong fundamentals. More…
Peers
The market for water treatment equipment is highly competitive with many large and small companies vying for market share. The four largest companies in the market are Pentair PLC, Xylem Inc, Watts Water Technologies Inc, and Evoqua Water Technologies Corp. These companies compete on a variety of factors including product innovation, price, and distribution.
– Xylem Inc ($NYSE:XYL)
Xylem Inc. is a leading global water technology company that provides innovative solutions to the world’s water challenges. Its products and services are used in more than 150 countries to help manage water resources, protect public health and enhance water quality for people and businesses. Xylem has a market cap of 16.4 billion as of 2022 and a return on equity of 10.79%. The company’s products and services are used in a variety of applications, including residential, commercial, industrial, municipal and agricultural.
– Watts Water Technologies Inc ($NYSE:WTS)
Watts Water Technologies is a leading provider of water solutions for the residential, commercial, and industrial markets. The company’s products include plumbing, heating, and water treatment products. Watts Water Technologies has a market cap of 4.2 billion as of 2022 and a return on equity of 15.67%. The company’s products are used in a variety of applications, including residential and commercial plumbing, heating, and water treatment.
– Evoqua Water Technologies Corp ($NYSE:AQUA)
Evoqua Water Technologies Corp is a publicly traded water treatment company headquartered in Warrendale, Pennsylvania. The company has a market capitalization of $4.11 billion and a return on equity of 9.96%. Evoqua Water Technologies provides water treatment solutions for industrial and municipal customers across the globe. The company’s products and services are used in a variety of applications, including water and wastewater treatment, desalination, and water reuse.
Summary
PENTAIR PLC‘s Q2 earnings report showed promising results, with total revenue of USD 1082.5 million, a 1.7% increase compared to the same quarter last year. Net income stayed the same at USD 152.9 million, indicating that the company was able to maintain its profitability despite the economic uncertainty. With its strong financial position, PENTAIR PLC is an attractive investment for those looking for stability and reliability in an uncertain market. Investors should consider the company’s long-term potential, as well as its ability to navigate challenging market conditions, when deciding whether or not to invest.
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