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Pentair plc (PNR.N)

PNR.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Pentair expects one-time separation costs of $100 mln-$125 mln related to spin off of electrical unit
Tuesday, 9 May 2017 09:00am EDT 

May 9 (Reuters) - Pentair Plc :Says expects one-time separation costs and fees of about $100 mln-$125 million - Conf call.  Full Article

Pentair says announces intent to separate into two industry-leading public companies
Tuesday, 9 May 2017 07:00am EDT 

May 9 (Reuters) - Pentair Plc : :Says announces intent to separate into two industry-leading public companies.Says separation is expected to occur through a tax-free spin-off of electrical by pentair to its shareholders.Says both water and electrical are expected to be well-capitalized and have investment-grade credit ratings.Pentair PLC - until planned separation is completed, pentair expects to continue to pay its quarterly dividend and will set appropriate dividend policies for each business following completion.Pentair - proposed deal will create a global water company that will retain Pentair name and ticker symbol and an electrical company to be named later.Pentair PLC - until planned separation is completed, pentair expects to continue to pay its quarterly dividend.Pentair PLC - upon completion of spin-off, electrical will become an independent publicly-traded company.Pentair PLC - upon completion of spin-off, Pentair shareholders will receive shares of electrical on a pro rata basis.Pentair - upon separation, John Stauch, cfo of Pentair, will become Water's CEO and Karl Frykman, current president of Pentair's water segment, will become water's COO.Pentair - water expected to maintain Pentair's existing incorporation and tax residency; electrical expected to have similar incorporation, tax residency.Pentair PLC says Beth Wozniak, current president of Pentair's electrical segment, will become CEO of electrical.  Full Article

Pentair Q1 GAAP EPS of $0.44
Tuesday, 25 Apr 2017 08:19am EDT 

April 25 (Reuters) - Pentair Plc ::First quarter GAAP EPS of $0.44 and adjusted EPS of $0.65.Pentair plc - first quarter sales of $1.2 billion.Updates 2017 GAAP EPS guidance to a range of $2.95 to $3.05 and maintains its adjusted EPS range of $3.45 to $3.55.Pentair Plc says expects to deliver full year free cash flow of approximately 100 percent of adjusted net income.Q1 earnings per share view $0.61, revenue view $1.14 billion -- Thomson Reuters I/B/E/S.Pentair Plc - company expects second quarter revenue to be approximately $1.24 billion.Pentair Plc - introduces second quarter 2017 GAAP EPS guidance range of $0.87 to $0.89 and, on an adjusted EPS basis, a range of $0.97 to $0.99.Q2 revenue view $1.25 billion -- Thomson Reuters I/B/E/S.Fy2017 earnings per share view $3.47 -- Thomson Reuters I/B/E/S.  Full Article

Pentair CEO Randall Hogan's FY 2016 total compensation was $15.6 mln vs $9.5 mln in FY 2015
Friday, 24 Mar 2017 04:20pm EDT 

Pentair Plc :CEO Randall Hogan's FY 2016 total compensation was $15.6 million versus $9.5 million in FY 2015 - sec filing.  Full Article

Pentair Plc - Q4 adjusted EPS of $0.78
Tuesday, 31 Jan 2017 07:07am EST 

Pentair Plc : Pentair Plc - q4 gaap eps of $0.60; q4 adjusted eps of $0.78; q4 sales $1.2 billion . Says anticipates full year 2017 sales of $4.7 billion, or down approximately 3 percent on a reported basis . Pentair Plc - 2017 gaap eps guidance $3.03 to $3.13; 2017 adjusted eps guidance $3.45 to $3.55 . Q4 earnings per share view $0.73, revenue view $1.21 billion -- Thomson Reuters I/B/E/S . Fy2017 earnings per share view $3.41, revenue view $4.90 billion -- Thomson Reuters I/B/E/S . Pentair Plc sees q1 gaap eps approximately $0.50 and on an adjusted basis approximately $0.61 . Q1 earnings per share view $0.66, revenue view $1.16 billion -- Thomson Reuters I/B/E/S .Says expects q1 revenue to be approximately $1.14 billion, which would be down approximately 4 percent on a reported and core basis.  Full Article

Pentair Q3 adjusted earnings per share $0.78
Tuesday, 25 Oct 2016 07:31am EDT 

Pentair Plc : Q3 adjusted earnings per share $0.78 . Q3 earnings per share $0.64 from continuing operations . Updates its 2016 gaap eps guidance to approximately $2.50 and on an adjusted basis to approximately $3.00. . Sees fy 2016 sales $4.9 billion . Anticipates full year 2016 sales of $4.9 billion, or up about 7 percent on a reported basis and down approximately 1 percent on a core basis . Continues to expect to deliver full year free cash flow of approximately 100 percent of adjusted net income . "Remain on track for sale of our valves & controls business to be completed at end of this year or early next year" . Continues to expect to deliver full year free cash flow of approximately 100 percent of adjusted net income . Updating q4 guidance to reflect ongoing sluggish industrial environment; no longer expect to see typical end of year push on capital spending . Qtrly net sales $1,210.7 million versus $1,112.8 million . Q3 earnings per share view $0.72, revenue view $1.25 billion -- Thomson Reuters I/B/E/S .Fy2016 revenue view $5.07 billion -- Thomson Reuters I/B/E/S.  Full Article

Emerson Electric to pay Pentair cash reverse termination fee if deal is terminated
Thursday, 18 Aug 2016 04:39pm EDT 

Emerson Electric Co :If deal is terminated under specified antitrust related circumstances, co to pay Pentair, cash reverse termination fee - SEC filing.  Full Article

Emerson to purchase Valves & Controls business of Pentair for $3.15 bln
Thursday, 18 Aug 2016 04:30pm EDT 

Emerson Electric Co says - :Emerson announced it has signed an agreement to purchase the Valves & Controls business of Pentair for $3.15 billion.  Full Article

Pentair reports Q2 adjusted EPS of $1.11
Thursday, 28 Jul 2016 07:00am EDT 

Pentair Plc : Qtrly GAAP EPS of $0.78 and adjusted EPS of $1.11. . Co updates its 2016 GAAP EPS to range of $3.23 - $3.38 and on adjusted basis to a range of $4.05 - $4.20 . Says anticipates FY 2016 sales of $6.7 billion, or up about 4 percent on a reported basis and down about 1 percent on a core basis . Q2 earnings per share view $1.09, revenue view $1.72 billion -- Thomson Reuters I/B/E/S . FY 2016 earnings per share view $4.05, revenue view $6.66 billion -- Thomson Reuters I/B/E/S . Qtrly net sales $1.73 billion versus $1.66 billion . Sees Q3 GAAP EPS guidance of $0.86 - $0.92 and adjusted basis $1.02 - $1.08 . Expects Q3 revenue to be approximately $1.66 billion, which would be up approximately 7 percent on a reported basis and flat on a core basis .Q3 earnings per share view $1.07, revenue view $1.64 billion -- Thomson Reuters I/B/E/S.  Full Article

Pentair explores sale of valves-and-controls business - WSJ,citing sources
Thursday, 2 Jun 2016 02:23pm EDT 

:Pentair explores sale of valves-and-controls business; sale could fetch more than $2 billion - WSJ, citing sources.  Full Article

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BRIEF-Emerson completes Pentair Valves & Controls acquisition

* Emerson completes Pentair Valves & Controls acquisition Source text for Eikon: Further company coverage: