PENTAIR plc

For the period ended Mar 31, 2024. Filed Apr 23, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed Apr 23, 2024

PNR$69.63-0.8%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations and Comprehensive Income

Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited)

	Three months ended
In millions, except per-share data	March 31,2024	March 31,2023
Net sales	$1,017.2	$1,028.6
Cost of goods sold	627.1	646.8
Gross profit	390.1	381.8
Selling, general and administrative expenses	185.2	173.3
Research and development expenses	24.1	24.9
Operating income	180.8	183.6
Other expense
Net interest expense	27.3	32.4
Other expense	0.1	0.7
Income from continuing operations before income taxes	153.4	150.5
Provision for income taxes	19.9	22.0
Net income from continuing operations	133.5	128.5
(Loss) income from discontinued operations, net of tax	(0.2)	1.2
Net income	$133.3	$129.7
Comprehensive income, net of tax
Net income	$133.3	$129.7
Changes in cumulative translation adjustment	(21.7)	12.1
Changes in market value of derivative financial instruments, net of tax	22.7	(7.2)
Comprehensive income	$134.3	$134.6
Earnings per ordinary share
Basic
Continuing operations	$0.80	$0.78
Discontinued operations	—	0.01
Basic earnings per ordinary share	$0.80	$0.79
Diluted
Continuing operations	$0.80	$0.78
Discontinued operations	—	0.01
Diluted earnings per ordinary share	$0.80	$0.79
Weighted average ordinary shares outstanding
Basic	165.7	164.8
Diluted	167.2	165.8

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.