Pentair Full Year 2024 Earnings: In Line With Expectations

Pentair (NYSE:PNR) Full Year 2024 Results

Key Financial Results

• Revenue: US$4.08b (flat on FY 2023).
• Net income: US$625.6m (flat on FY 2023).
• Profit margin: 15% (in line with FY 2023).
• EPS: US$3.78 (up from US$3.77 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Pentair Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

The primary driver behind last 12 months revenue was the Flow segment contributing a total revenue of US$1.51b (37% of total revenue). Notably, cost of sales worth US$2.48b amounted to 61% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$701.4m (72% of total expenses). Explore how PNR's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in the US.

Performance of the American Machinery industry.

The company's shares are down 4.4% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Pentair, and understanding this should be part of your investment process.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.