Pentair reports Q3 adjusted EPS $1.24, consensus $1.18

Reports Q3 revenue $1.02B, consensus $1.01B. CEO John Stauch commented, “We delivered strong Q3 results, which reflected sales growth and double-digit earnings growth that exceeded our expectations. Our teams continued to drive solid execution across our Move, Improve and Enjoy Water portfolio and to deliver for our customers. We continued to implement and scale our Transformation initiatives that we expect to continue to grow profitability long-term. We are investing in growth across Flow, Water Solutions and Pool and leveraging 80/20 to continue to drive top-line growth. We are excited about our Hydra-Stop acquisition and the unique products and technology it adds to our commercial Flow business. With a solid balance sheet, strong cash flow, a balanced capital deployment strategy and a resilient water portfolio, we remain focused on delivering long-term shareholder value.”