The company reported Q2 2024 sales of $1.1 billion (up 2% from the same period last year), operating income of $248 million (up 19%), and ROS of 22.6% (up 330 basis points). On an adjusted basis, ROS was 24.7%, up 310 basis points.

1. 01

   The company reported Q2 2024 sales of $1.1 billion (up 2% from the same period last year), operating income of $248 million (up 19%), and ROS of 22.6% (up 330 basis points). On an adjusted basis, ROS was 24.7%, up 310 basis points.

2. 02

   Pentair said sales for Q2 rose 17% in Pool, fell 4% in Flow, and fell 8% in Water Solutions. Segment ROS was 34.1% for Pool, 23.5% for Water Solutions, and 21.3% for Flow.

3. 03

   The company said it generated operating cash flow from continuing operations of $539 million and free cash flow of $522 million in Q2. During the same quarter, it repurchased 0.6 million shares for $50 million. As of June 30, $550 million remained available under its share repurchase authorization.

4. 04

   The company updated its full-year 2024 GAAP EPS outlook to approximately $3.81 and its adjusted EPS outlook to approximately $4.25, and gave adjusted EPS guidance of approximately $1.06 to $1.08 for Q3. The company said it expects sales for Q3 to be down approximately 2 to 3% on a reported basis.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.