NYSE$PNR
Pentair PLC · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Pentair reported strong first quarter results with sales up 3 percent and adjusted EPS rising 7 percent.
Pentair's first quarter 2023 results showed sales of $1.0 billion, a 3% increase year-over-year. Operating income increased by 26% to $184 million, and adjusted EPS rose by 7% to $0.91. The company has updated its full year 2023 GAAP EPS guidance to approximately $3.25 to $3.35 and on an adjusted basis to approximately $3.60 to $3.70.
- Sales of $1.0 billion, up 3 percent compared to sales for the same period last year.
- Operating income increased 26 percent to $184 million reflecting ROS of 17.8 percent, an increase of 320 basis points when compared to first quarter of 2022; on an adjusted basis, ROS expanded 330 basis points to 20.5 percent.
- GAAP EPS increased 10 percent to $0.78 compared to the same period last year and adjusted EPS rose 7 percent to $0.91 compared to the same period last year.
- The company updates its full year 2023 GAAP EPS guidance to approximately $3.25 to $3.35 and on an adjusted basis to approximately $3.60 to $3.70.
Headline financials
Revenue & EPS history
Pentair · Revenue · Quarterly
$1.03B
Revenue by segment
Pentair · $637M total across 3 segments · Q1 2023
- Pool$364M—57.2%
- Water Solutions$272M-57.6%42.7%
- Corporate & Other$500K+66.7%0.1%
Forward guidance
The company updates its estimated 2023 GAAP EPS from continuing operations to approximately $3.25 to $3.35 and on an adjusted EPS basis to approximately $3.60 to $3.70. The company updates full year 2023 sales guidance to be down approximately 2 percent to flat on a reported basis.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
-0.5%
Avg return
Earnings day
-0.1%
Avg return
5 days after
+0.9%
Avg return
30 days after
41%
28 / 69 earnings
Positive
+13.6%
Q4 2022
Best reaction
-8.5%
Q2 2014
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.0% | -14.3% | -23.1% | |
| Q4 2025 | -5.1% | -7.7% | -9.0% | |
| Q3 2025 | -0.2% | +0.4% | -7.2% | |
| Q2 2025 | -2.2% | -1.8% | +1.8% | |
| Q1 2025 | +9.2% | +14.0% | +23.7% | |
| Q4 2024 | -4.3% | -4.6% | -12.5% | |
| Q3 2024 | -0.4% | +0.6% | +7.8% | |
| Q2 2024 | +4.8% | +10.6% | +5.4% | |
| Q1 2024 | -0.3% | +1.0% | +4.2% | |
| Q4 2023 | -0.1% | +0.8% | +6.2% | |
| Q3 2023 | -7.9% | -7.4% | +0.7% | |
| Q2 2023 | +4.1% | +4.5% | +0.2% | |
| Q1 2023 | +10.8% | +10.4% | +9.9% | |
| Q4 2022 | +13.6% | +17.1% | +9.4% | |
| Q3 2022 | +2.6% | +4.9% | +12.7% | |
| Q2 2022 | +5.2% | +4.2% | +3.9% | |
| Q1 2022 | -3.0% | -4.9% | -9.9% | |
| Q4 2021 | -2.2% | -6.1% | -7.9% | |
| Q3 2021 | -4.7% | -3.8% | +0.6% | |
| Q2 2021 | +3.8% | +7.2% | +12.0% | |
| Q1 2021 | -0.1% | -0.5% | +5.6% | |
| Q4 2020 | -4.6% | -4.6% | -2.0% | |
| Q3 2020 | +3.9% | +5.5% | +8.1% | |
| Q2 2020 | -1.0% | -1.3% | +7.5% | |
| Q1 2020 | -5.1% | -3.1% | +11.1% | |
| Q4 2019 | -2.6% | -4.3% | -11.7% | |
| Q3 2019 | +5.6% | +5.5% | +11.0% | |
| Q2 2019 | +4.5% | +4.3% | -3.3% | |
| Q1 2019 | -5.6% | -7.0% | -11.0% | |
| Q4 2018 | +1.6% | +1.1% | +4.9% | |
| Q3 2018 | +0.2% | +3.4% | +9.3% | |
| Q2 2018 | -2.1% | -1.8% | -2.9% | |
| Q1 2018 | -2.0% | -6.7% | -4.7% | |
| Q4 2017 | -3.1% | -3.5% | -9.3% | |
| Q3 2017 | +0.2% | -1.0% | -1.8% | |
| Q2 2017 | -3.4% | -2.0% | -5.6% | |
| Q1 2017 | +2.7% | +2.0% | +5.2% | |
| Q4 2016 | -4.3% | -3.9% | -3.3% | |
| Q3 2016 | -6.0% | -6.4% | -1.9% | |
| Q2 2016 | +0.1% | -4.1% | -0.1% | |
| Q1 2016 | +6.8% | — | — | |
| Q4 2015 | -2.5% | — | — | |
| Q3 2015 | -2.2% | — | — | |
| Q2 2015 | -4.6% | — | — | |
| Q1 2015 | -5.5% | — | — | |
| Q4 2014 | -1.2% | — | — | |
| Q3 2014 | +0.7% | — | — | |
| Q2 2014 | -8.5% | — | — | |
| Q1 2014 | -6.6% | — | — | |
| Q4 2013 | +2.7% | — | — | |
| Q3 2013 | -0.9% | — | — | |
| Q2 2013 | -0.9% | — | — | |
| Q1 2013 | +8.6% | — | — | |
| Q4 2012 | -5.6% | — | — | |
| Q3 2012 | +8.3% | — | — | |
| Q2 2012 | +4.4% | — | — | |
| Q1 2012 | -1.5% | — | — | |
| Q4 2011 | -1.3% | — | — | |
| Q3 2011 | +1.3% | — | — | |
| Q2 2011 | -7.0% | — | — | |
| Q1 2010 | +1.8% | — | — | |
| Q1 2011 | +1.8% | — | — | |
| Q4 2008 | -2.1% | — | — | |
| Q4 2010 | -2.1% | — | — | |
| Q3 2010 | -7.7% | — | — | |
| Q2 2009 | -7.7% | — | — | |
| Q3 2009 | -7.7% | — | — | |
| Q4 2009 | +0.6% | — | — | |
| Q2 2010 | +0.6% | — | — |
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