- For the 4th quarter, Pentair’s net sales reached $984.6 million, surpassing the estimated figure of $974.8 million.
- The company also reported other net sales of $0.3 million, in line with predictions.
- Core net sales decreased by 2%, which is less than the estimated decrease of 3.09%.
- The company’s adjusted EPS was 87c, matching the estimated figure.
- Pentair has introduced its 2024 GAAP EPS guidance, which is projected to be between $3.82 and $3.92. On an adjusted basis, this figure is expected to be around $4.15 to $4.25. This includes a $0.07 negative impact mainly caused by changes in global tax standards.
- The company is expecting its full year sales for 2024 to increase by 2% to 3% on a reported basis.
- On the other hand, first quarter sales for 2024 are expected to be down by approximately 2% to 3% compared to the first quarter of 2023.
- John L. Stauch, Pentair’s President and CEO, attributed the strong results in 2023 to the company’s balanced and resilient water portfolio, its focused growth strategy, and the solid execution by its team.
- The company’s shares have been rated as “buy” by 12 analysts, “hold” by 7 analysts, with no “sell” ratings.
A look at Pentair Plc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Pentair Plc, a global company that provides services and solutions for various fluid-related needs, has a positive long-term outlook according to the Smartkarma Smart Scores. The company scores a 2 out of 5 for Value, indicating a fair valuation for its stock. However, Pentair’s Dividend score is only a 1 out of 5, suggesting that the company may not be a top choice for investors seeking regular dividend payments.
On the other hand, Pentair scores a 4 out of 5 for both Growth and Momentum, indicating strong potential for future growth and positive market sentiment. This is supported by the company’s diverse operating segments, which include Water & Fluid Solutions, Valves & Controls, and Technical Solutions. Pentair’s global reach also allows for widespread distribution of its products.
Overall, while Pentair may not be the most attractive option for dividend investors, its strong scores for Growth and Momentum suggest a promising long-term outlook. With its focus on delivering solutions for fluid-related needs and global presence, Pentair is well-positioned for continued success in the future.
Disclaimer: This article by Smartkarma is general in nature and 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. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
