Pentair reports Q4 adjusted EPS 82c, consensus 79c

Reports Q4 revenue $1.0B, consensus $989.55M. "Strong results were driven by the continued teamwork from all of our employees who focused on delivering for customers and creating value for shareholders in a challenging global macroeconomic environment," said CEO John Stauch. "I am also very proud of the progress we have made on our transformation and social responsibility journeys and look forward to the long-term value we expect these to create for all stakeholders. Our diverse portfolio generated growth in both segments in 2022, which was further strengthened by our strategic acquisition of Manitowoc Ice. We have maintained a strong balance sheet, generated solid free cash flow and returned capital to our shareholders through dividends and share repurchases during the year. Our recent dividend increase marks the 47th consecutive year of Pentair raising its dividend, which remains an important component of our long-term capital allocation strategy."