Pentair Q1 Profit Beats Market, Sees Growth In Q2; Backs FY25 Adj. EPS, Sales View; Stock Climbs

Pentair

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(RTTNews) - Water solutions provider Pentair plc (PNR), while reporting higher first-quarter earnings above market estimates, on Tuesday issued second-quarter outlook expecting growth from last year. Further, the company updated fiscal 2025 earnings view on a reported basis, and maintained adjusted earnings and sales outlook.

In pre-market activity on the NYSE, Pentair shares were gaining around 7.4 percent to trade at $84.79.

Looking ahead, for the second quarter, the company expects earnings from continuing operations of around $1.24 to $1.28 per share, up approximately 12 percent to 15 percent from last year.

Adjusted earnings per share would be around $1.31 to $1.35, a growth of 7 percent to 11 percent from the prior year period.

The Wall Street analysts on average expect the company to report earnings of $1.32 per share for the second quarter. Analysts' estimates typically exclude special items.

The company expects second-quarter sales to be up approximately 1 percent to 2 percent on a reported basis.

Further, for fiscal 2025, Pentair now projects earnings per share on a reported basis of around $4.27 to $4.42, up approximately 14 percent to 18 percent compared to 2024.

The company previously expected reported earnings of $4.37 to $4.52 per share for the full year 2025.

On an adjusted basis, the water treatment company continues to project earnings of nearly $4.65 to $4.80 per share for the year, up approximately 7 percent to 11 percent compared to 2024.

The analysts expect the company to report earnings of $4.71 per share for the year.

Pentair also maintained its estimated full year 2025 sales of flat to up approximately 2 percent on a reported basis.

In the first quarter, net income increased to $154.9 million from $133.3 million last year. Earnings per share were $0.93, up 16 percent from $0.80 last year.

On an adjusted basis, earnings per share were $1.11, compared to $0.94 last year. The Street was looking for earnings of $1.01 per share.

Net sales, meanwhile, dropped 1 percent to $1.010 billion from last year's $1.017 billion. Analysts expected sales of $988.66 million.

Core sales declined 1 percent in the first quarter.

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