Pentair reports Q1 adjusted EPS of $0.24 on revenue of $1.03B, slashes full-year guidance

Earnings
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Summary · why it matters

Pentair announced first-quarter non-GAAP earnings per share of $0.24 on revenue of $1.03 billion. The company now expects full-year GAAP EPS of approximately $3.90 to $4.10, down from its prior guidance of $4.83 to $4.93, and adjusted EPS of approximately $4.60 to $4.80, down from the previous range of $5.30 to $5.40. The guidance cut reflects the adverse impact of pool channel inventory, partially offset by the positive impact of IEEPA refunds.

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Pentair PLC
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Pentair slashed full-year GAAP and adjusted EPS guidance, reflecting adverse pool channel inventory.

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