Pentair ( (PNR) ) has released its Q4 earnings. Here is a breakdown of the information Pentair presented to its investors.
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Pentair is a global company specializing in sustainable water solutions, offering products and services for residential, commercial, and industrial water management. The company operates within the core large cap value sector, trading under the ticker symbol PNR.
Pentair reported robust financial results for the fourth quarter and full year 2024, achieving significant operating income growth and an expanded return on sales. Despite a slight decline in sales compared to the previous year, the company maintained strong profitability and increased its dividend for the 49th consecutive year, reinforcing its status as a dividend aristocrat.
Key highlights from Pentair’s 2024 financial performance include a 17% increase in fourth-quarter operating income to $195 million and a 9% rise in full-year operating income to $804 million. The company’s return on sales saw significant improvements, with adjusted figures reaching 23.8% for the fourth quarter and 23.5% for the full year. Notably, the Pool segment experienced sales growth, offsetting declines in Flow and Water Solutions segments. Pentair also achieved a substantial increase in free cash flow to $693 million, up $143 million from 2023.
Looking ahead, Pentair introduces its 2025 guidance with expectations of continued EPS growth and stable sales performance. The company remains focused on its strategic initiatives and sustainable growth, confident in its ability to navigate macroeconomic challenges and leverage its resilient water portfolio.
