Pentair said consolidated net sales for 2024 decreased 0.5% from 2023. By segment, Flow declined 4.3%, Water Solutions declined 3.9% and Pool increased 6.9%.

1. 01

   Pentair said consolidated net sales for 2024 decreased 0.5% from 2023. By segment, Flow declined 4.3%, Water Solutions declined 3.9% and Pool increased 6.9%.

2. 02

   The company said gross profit as a percentage of net sales for 2024 increased 2.2 percentage points from 2023. It cited increased selling prices and improved productivity driven mainly by transformation initiatives as factors, and inflationary cost increases for labor and certain raw materials as offsetting factors.

3. 03

   Pentair completed the acquisition of G & F Manufacturing in the Pool segment on December 2, 2024 for $116.0 million in cash, net of cash acquired. In financing activities for 2024, the company repaid $200.0 million of term loans under the Senior Credit Facility, made dividend payments of $152.3 million and repurchased shares for $150.0 million.

4. 04

   The company said net cash provided by operating activities of continuing operations for 2024 primarily reflected net income from continuing operations, net of non-cash depreciation, definite-lived intangible amortization and asset impairment, of $757.8 million. As of December 31, 2024, total availability under the Senior Credit Facility was $890.5 million.

Key figures

Fiscal year ended December 31, 2024

Revenue

$4.1B

Operating income

$804M

Net income

$625M

EPS

$3.74

Gross profit

$1.6B

Operating cash flow

$767M

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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.