Pentair Reports Q2 Results Above Expectation, Clocks 13% Revenue Growth
Pentair PLC (NYSE: PNR ) reported second-quarter net sales growth of 13% year-over-year to $1.06 billion and core sales growth of 12%, beating the consensus of $1.05 billion. Adjusted EPS improved to $1.02 from $0.84 in 2Q21, beating the consensus of $1.00. The gross margin contracted by 240 bps to 33.8%, operating income increased 17.9% Y|Y to $190.8 million, and margin expanded by 70 bps to 17.9%. Consumer Solutions sales were up … Full story available on Benzinga.com
Pentair Reports Q2 Results Above Expectation, Clocks 13% Revenue Growth
Pentair PLC (NYSE: PNR ) reported second-quarter net sales growth of 13% year-over-year to $1.06 billion and core sales growth of 12%, beating the consensus of $1.05 billion. Adjusted EPS improved to $1.02 from $0.84 in 2Q21, beating the consensus of $1.00. The gross margin contracted by 240 bps to 33.8%, operating income increased 17.9% Y|Y to $190.8 million, and margin expanded by 70 bps to 17.9%. Consumer Solutions sales were up … Full story available on Benzinga.com