NYSE:PNRMachinery
Pentair (PNR) Stock Rallies On Margin Resilience Despite Pool Slump
Pentair stock jumped about 5.7% to roughly US$66.77 on Tuesday, a sharp move for a water solutions manufacturer that many investors view as a steady compounder rather than a trading vehicle. The market responded to one thing above all in this earnings print: the margin story held up despite headline sales pressure.
Adjusted operating income of US$237 million on US$933.6 million of revenue, together with reaffirmed full year adjusted earnings per share guidance of US$4.60 to US$4.80, told...