Pentair Navigates Economic Headwinds, Posts Q2 Earnings Beat, Updates Outlook & More
Pentair Navigates Economic Headwinds, Posts Q2 Earnings Beat, Updates Outlook & More
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.
Pentair plc（紐約證券交易所代碼：PNR）報告稱，2024年第二季度淨銷售額同比增長2％，至10.99億美元，略高於市場預期的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.
不包括貨幣折算、收購和資產剝離，第二季度核心銷售額增長了2％。毛利率從去年同期的36.9％擴大到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.
營業收入同比增長19％至2.48億美元，營業利潤率同比增長330個點子至22.6％。經調整後，本季度營業利潤率增長了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.
流量銷售額同比下降4％，至3.968億美元，分部收入爲8,440萬美元（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.
水務解決方案銷售額爲3.105億美元（同比下降8％），分部收入爲7,290萬美元（同比下降3％），ROS爲23.5％，同比增長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.
泳池板塊的銷售額爲3.915億美元（同比增長17％），分部收入爲1.336億美元（同比增長27％），ROS爲34.1％，同比增長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，超過了市場普遍的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，持續經營業務活動提供的淨現金爲5.39億美元，持續經營業務的自由現金流爲5.22億美元。
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：公司宣佈向截至7月19日的登記股東派發每股0.23美元的季度股息，該股息將於8月2日支付。
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.
在第二季度，濱特爾以5000萬美元的價格回購了6萬股股票。截至2024年6月30日，根據其股票回購授權，仍有5.5億美元的可用資金。
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.
24財年展望：Pentair將調整後的每股收益從4.15美元上調至4.25美元（從4.15美元到4.25美元），而市場預期爲4.18美元；根據報告，銷售增長將大致持平至下降1％（之前的增長率爲2％-3％）。
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.
2024年第三季度展望：濱特爾預計調整後的每股收益爲1.06美元至1.08美元，而市場普遍預期爲1.07美元。據報道，該公司預計銷售額將下降約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."
Pentair首席執行官約翰·L.Stauch表示：“儘管全球宏觀經濟和地緣政治的不確定性持續不確定性給2024年下半年的銷售帶來壓力，但我們預計利潤增長將強於先前的預期。我們對我們的轉型和80/20計劃充滿信心，並期望它們能夠推動我們平衡水資源組合的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).
投資者可以通過景順全球水ETF（納斯達克股票代碼：PIO）和Global X清潔水ETF（納斯達克股票代碼：AQWA）獲得股票敞口。
Price Action: PNR shares are up 6.7% at $85.35 at the last check Tuesday.
價格走勢：在週二的最後一次檢查中，PNR股價上漲6.7％，至85.35美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免責聲明：此內容部分是在人工智能工具的幫助下製作的，並由Benzinga的編輯審閱和發佈。
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