Pentair said sales for Q1 2024 were $1.0 billion, down 1% from a year earlier, with operating income of $181 million (ROS of 17.8%) and diluted EPS from continuing operations of $0.80.

1. 01

   Pentair said sales for Q1 2024 were $1.0 billion, down 1% from a year earlier, with operating income of $181 million (ROS of 17.8%) and diluted EPS from continuing operations of $0.80.

2. 02

   The company said adjusted EPS for Q1 was $0.94 ($0.91 a year earlier), and adjusted ROS rose 90 basis points to 21.4%. It said segment ROS was 20.1% for Flow, 20.4% for Water Solutions and 30.8% for Pool.

3. 03

   Pentair said net cash used for operating activities of continuing operations for Q1 2024 was $107 million. It said free cash flow used for continuing operations was $127 million ($123 million a year earlier).

4. 04

   The company updated its full-year 2024 GAAP EPS outlook to approximately $3.76 to $3.86 and reiterated its adjusted EPS outlook of approximately $4.15 to $4.25. For Q2, it introduced GAAP EPS guidance of approximately $1.08 to $1.10 and adjusted EPS guidance of approximately $1.15 to $1.17.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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