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LONDON - On Tuesday, Pentair plc (NYSE:PNR) reported second quarter adjusted earnings that exceeded analyst expectations.
The company’s shares fell 1.77% in pre-market trading following the announcement.
The water solutions provider posted adjusted earnings per share of $1.39, beating the analyst consensus of $1.34. Revenue reached $1.12 billion, in line with estimates and up 2% compared to the same period last year. On a core basis, excluding currency effects and acquisitions, sales grew 1% YoY.
"We delivered another strong quarter of free cash flow, sales and adjusted earnings growth as we navigated through tariff and economic uncertainty," said John L. Stauch, Pentair’s President and Chief Executive Officer. "Our team executed with precision to deliver for our customers and drive solid financial and operating performance."
The company’s Pool (NASDAQ:POOL) segment was the standout performer, with sales increasing 9% YoY to $427.2 million. Flow segment sales remained flat at $397.3 million, while Water Solutions declined 4% to $298.3 million.
Adjusted operating income rose 9% to $297 million, with adjusted return on sales expanding 170 basis points to 26.4%. Free cash flow for the quarter reached $596 million, up $74 million from the same period last year.
Looking ahead, Pentair raised its full-year 2025 adjusted EPS guidance to $4.75-$4.85, up from previous estimates and representing 10-12% growth versus the prior year. For the third quarter, the company expects adjusted EPS of $1.16-$1.20, in line with analyst consensus of $1.18.
"As we look ahead, we believe we are ready to capture higher demand when the residential market returns to growth while continuing to invest in innovation and growth initiatives," Stauch added.
The company repurchased $75 million of ordinary shares during the quarter and maintained its quarterly dividend of $0.25 per share, marking the 49th consecutive year of dividend increases.
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