Pentair reports Q2 adjusted EPS $1.22, consensus $1.14

Reports Q2 revenue $1.1B, consensus $1.09B. CEO John Stauch commented, “We delivered a strong Q2 driven by continued execution across our balanced water portfolio. Our pool segment returned to sales growth and all three of our segments drove significant margin expansion due primarily to strong productivity in Transformation. I’m equally excited about the early stages of our 80/20 analysis which provides further confidence in our long-term growth and margin targets that we introduced at our March Investor Day. During the quarter, we delivered strong free cash flow which we deployed to further strengthen our balance sheet, restart our share repurchases and pay a dividend. As a dividend aristocrat, we have increased our dividend for 48 consecutive years.”