NYSE$PNR
Pentair PLC · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Pentair's Q3 2023 earnings surpassed expectations, driven by a diversified water portfolio and transformation initiatives, resulting in sales of $1.0 billion and EPS of $0.79.
Pentair reported Q3 2023 sales of $1.0 billion, a 4% decrease compared to the same period last year. GAAP EPS increased by 13% to $0.79, while adjusted EPS decreased by 5% to $0.94. The company updated its full-year 2023 GAAP EPS guidance to approximately $3.25 to $3.30 and adjusted EPS guidance to $3.70 to $3.75.
- Sales were $1.0 billion, down 4% compared to the same period last year.
- Operating income increased 22% to $180 million, reflecting a ROS of 17.9%.
- GAAP EPS from continuing operations increased 13% to $0.79 compared to the same period last year.
- Net cash provided by operating activities was $162 million, and free cash flow was $143 million.
Headline financials
Revenue & EPS history
Pentair · Revenue · Quarterly
$1.01B
Revenue by segment
Pentair · $609M total across 3 segments · Q3 2023
- Pool$309M—50.7%
- Water Solutions$299M—49.2%
- Corporate & Other$400K+33.3%0.1%
Forward guidance
The company updates its estimated 2023 GAAP EPS from continuing operations to approximately $3.25 to $3.30 and on an adjusted EPS basis to approximately $3.70 to $3.75. The company updates full year 2023 sales guidance to be down approximately 1 percent on a reported basis. The company expects full year free cash flow to approximate 100 percent of net income.
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 Q3 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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