Pentair Navigates Economic Headwinds, Posts Q2 Earnings Beat, Updates Outlook & More
Pentair Navigates Economic Headwinds, Posts Q2 Earnings Beat, Updates Outlook & More
Flow sales decreased by 4% YoY to $396.8 million, Segment income of $84.4 million (+13% Y/Y), and the operating margin was 21.3%, an increase of 310 bps Y/Y.Pentair plc (NYSE:PNR) reported a second-quarter 2024 net sales rose 2% Y/Y to $1.099 billion, marginally beating the consensus of $1.095 billion.
濱特爾公司（NYSE：PNR）報告，2024年第二季度淨銷售額同比增長2％至10.99億美元，略高於一致預期的10.95億美元。
Excluding currency translation, acquisitions and divestitures, core sales grew 2% in the second quarter. The gross margin expanded to 39.8% from 36.9% a year ago.
除貨幣翻譯，收購和剝離外，第二季度核心銷售增長2％。毛利率從一年前的36.9％擴展到39.8％。
Operating income rose 19% YoY to $248 million, and the operating margin expanded 330 basis points Y/Y to 22.6%. On an adjusted basis, the operating margin increased by 310 basis points to 24.7% in the quarter.
營業利潤同比增長19％至24800萬美元，營業利潤率同比擴大330個點子至22.6％。調整後，本季度營業利潤率增加了310個點子至24.7％。
Flow sales decreased by 4% YoY to $396.8 million, Segment income of $84.4 million (+13% Y/Y), and the operating margin was 21.3%, an increase of 310 bps Y/Y.
流量銷售同比下降4％至39680萬美元，業務部門收入爲8440萬美元（同比增長13％），營業利潤率爲21.3％，同比增長310個點子。
Water Solutions sales were $310.5 million (-8% Y/Y), Segment income was $72.9 million (-3% Y/Y), and ROS was 23.5%, up 130 bps Y/Y.
水處理解決方案銷售額爲31050萬美元（同比下降8％），業務部門收入爲7290萬美元（同比下降3％），ROS爲23.5％，同比增加130個點子。
Pool segment sales were $391.5 million (+17% Y/Y), Segment income was $133.6 million (+27% Y/Y), and ROS was 34.1%, up 270 bps Y/Y.
游泳池部門銷售額爲39150萬美元（同比增長17％），業務部門收入爲13360萬美元（同比增長27％），ROS爲34.1％，同比增加270個點子。
Adjusted EPS rose 18% Y/Y to $1.22, surpassing the consensus of $1.14.
調整後的每股收益同比增長18％至1.22美元，超過預期的1.14美元。
For the quarter, net cash provided by operating activities of continuing operations was $539 million, and free cash flow from continuing operations was $522 million.
本季度，持續經營活動提供的淨現金流爲53900萬美元，持續經營活動的自由現金流爲52200萬美元。
Dividend: The company announced a quarterly dividend of $0.23 per share, payable on August 2, to shareholders of record as of July 19.
股息：該公司宣佈每股派息0.23美元，於8月2日支付給截至7月19日的股東。
In the second quarter, Pentair repurchased 0.6 million shares for $50 million. As of June 30, 2024, $550 million remained available under its share repurchase authorization.
濱特爾在第二季度回購了60萬股，價格爲5000萬美元。截至2024年6月30日，其股票回購授權剩餘5500萬美元。
FY24 Outlook: Pentair revised adjusted EPS to $4.25 (from $4.15-$4.25) vs. consensus of $4.18; sees sales growth to be roughly flat to down 1% (vs. an increase of 2%-3% earlier) on a reported basis.
FY24展望：濱特爾將調整後的每股收益修正爲4.25美元（從4.15-4.25美元），對比預期的4.18美元，預計報告基礎銷售額將大致持平至下降1％。
Third quarter 2024 Outlook: Pentair sees an adjusted EPS of $1.06 – $1.08 versus a consensus of $1.07. It expects sales to be down about 2%-3% on a reported basis.
第三季度2024展望：濱特爾預計調整後的每股收益爲1.06-1.08美元，而分析師預計爲1.07美元。它預計銷售額在報告基礎上下降約2％-3％。
Pentair CEO John L. Stauch said, "We expect stronger margin expansion than we previously guided despite continued global macroeconomic and geopolitical uncertainty which is pressuring sales in the second half of 2024. We are confident in our Transformation and 80/20 initiatives and expect them to drive strategic decisions and operational efficiencies across our balanced water portfolio."
濱特爾首席執行官約翰·L·斯托奇表示：“儘管全球宏觀經濟和地緣政治不確定性正在壓縮2024年下半年的銷售額，但我們預計比以前預期的利潤率擴張更強。 我們對我們的變革和80/20計劃充滿信心，並期望它們在我們平衡的水產品組合中推動戰略決策和運營效率。”
Investors can gain exposure to the stock via Invesco Global Water ETF (NASDAQ:PIO) and Global X Clean Water ETF (NASDAQ:AQWA).
投資者可以通過英富遜全球水資源ETF（NASDAQ：PIO）和Global X Clean Water ETF（NASDAQ：AQWA）獲得該股票的曝光。
Price Action: PNR shares are up 6.7% at $85.35 at the last check Tuesday.
PNR股票在上週二最新檢查時上漲6.7％至85.35美元。
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