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    Pentair PLC (PNR)

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    Pentair plc is a water industrial manufacturing company that focuses on providing innovative and sustainable solutions to address water quality issues and improve water use efficiency . The company is organized into three main reporting segments: Flow, Water Solutions, and Pool, offering a range of products such as fluid treatment systems, water filtration systems, and energy-efficient pool equipment . Pentair's business strategy emphasizes growth in core businesses, digital and ESG investments, and margin expansion through its Transformation Program .

    1. Flow - Delivers water efficiently and transforms waste into value with products like fluid treatment and pump systems used in applications such as fluid delivery, desalination, and wastewater handling .
    2. Pool - Offers energy-efficient pool equipment and accessories, catering to both residential and commercial markets .
    3. Water Solutions - Provides commercial and residential water treatment products, including filtration systems and commercial ice machines, with a significant portion of sales from commercial operations .
    NamePositionExternal RolesShort Bio

    John L. Stauch

    ExecutiveBoard

    President and Chief Executive Officer

    Director at Deluxe Corporation (Chair of Audit Committee, Member of Finance Committee)

    Joined Pentair in 2007 as CFO; became CEO in 2018. Extensive leadership experience in financial strategy and operations. Previously CFO at Honeywell's Automation and Control Systems unit.

    Adrian C. Chiu

    Executive

    Executive Vice President and President, Water Solutions Segment

    None

    Joined Pentair in 2011. Held various HR and transformation roles before leading the Water Solutions segment in 2023.

    De'Mon L. Wiggins

    Executive

    Executive Vice President and President, Flow Segment

    None

    Joined Pentair in 2010. Held leadership roles in Pool and Fluid Motion platforms. Currently leads the Flow segment, focusing on profitability and operational efficiency.

    Jerome O. Pedretti

    Executive

    Executive Vice President and CEO, Pool Segment

    None

    Joined Pentair in 2005. Held leadership roles across multiple segments, including Industrial & Flow Technologies and Aquatic Systems.

    Karla C. Robertson

    Executive

    Executive Vice President, General Counsel, Secretary, and Chief Sustainability Officer

    None

    Joined Pentair in 2023. Leads ESG strategy and governance. Previously held senior legal roles and led social responsibility programs.

    Philip M. Rolchigo

    Executive

    Executive Vice President and Chief Technology Officer

    None

    Joined Pentair in 2007. Leads innovation and technology strategies. Focused on sustainable water solutions and addressing global water challenges.

    Robert P. Fishman

    Executive

    Executive Vice President, Chief Financial Officer, and Chief Accounting Officer

    None

    Joined Pentair in 2020. Previously EVP and CFO at NCR Corporation. Extensive experience in financial leadership and corporate strategy.

    Stephen J. Pilla

    Executive

    Executive Vice President, Chief Supply Chain Officer, and Chief Transformation Officer

    None

    Joined Pentair in 2002. Held various supply chain and operational leadership roles. Currently oversees supply chain and transformation initiatives.

    Tanya L. Hooper

    Executive

    Executive Vice President and Chief Human Resources Officer

    None

    Joined Pentair in December 2022. Previously held senior HR roles at Honeywell and Collins Aerospace. Extensive experience in talent management and HR strategy.

    Billie I. Williamson

    Board

    Director (Chair of Governance Committee)

    Director at Cricut Inc. and Cushman & Wakefield plc

    Joined Pentair in 2014. CPA with extensive financial and governance expertise. Former Senior Assurance Partner at Ernst & Young LLP.

    David A. Jones

    Board

    Chairman of the Board

    Senior Advisor to Oak Hill Capital Partners

    Joined Pentair in 2003. Former CEO of Spectrum Brands. Extensive experience in global operations, financial management, and M&A.

    T. Michael Glenn

    Board

    Director (Chair of Compensation Committee)

    Chairman of the Board at Lumen Technologies, Inc.; Board Member at Safe Fleet Holdings, LLC

    Joined Pentair in 2007. Former EVP at FedEx Corporation. Extensive experience in strategic planning, marketing, and communications.

    Theodore L. Harris

    Board

    Director

    CEO and Chairman of Balchem Corporation

    Joined Pentair in 2018. Extensive managerial and operational experience. Currently CEO and Chairman of Balchem Corporation.

    Tracey C. Doi

    Board

    Director (Audit and Finance Committee Member)

    Board Member at Quest Diagnostics and Independent Trustee for SunAmerica Series Trust and Seasons Series Trust

    Joined Pentair in 2023. Former CFO at Toyota Motor North America. Expertise in corporate finance, strategic planning, and transformation initiatives.

    1. Both Water Solutions and Flow had productivity challenges this quarter, which, excluding transformation benefits, might imply negative productivity in these areas. Was this entirely due to negative volumes, and how do you plan to address these productivity issues going forward?

    2. Given the ongoing impact of higher interest rates and a slower housing market on your Pool segment, particularly affecting new and remodeled pools, what are your expectations for growth in this area, and are there any early signs of improvement you can share?

    3. Your free cash flow has been strong year-to-date, seemingly well above the 100% conversion guide for the year. Are there any factors beyond typical seasonal ones that could impact free cash flow in Q4, and how should we think about cash flow generation going forward?

    4. With your net debt leverage ratio now at 1.4x, down from 2.1x a year ago, how are you planning to strategically allocate capital, and is there a pipeline of deals you're looking at to further leverage a stronger demand environment?

    5. Regarding your new PFAS certified filtration products, can you provide more details on the early uptake, who the primary customers are, and how you see this opportunity scaling in the future?

    Program DetailsProgram 1
    Approval DateDecember 2020
    End Date/DurationDecember 31, 2025
    Total additional amount$750.0 million
    Remaining authorization amount$500.0 million (as of 2024-12-21)
    DetailsThe program is part of a broader capital allocation strategy, aiming to offset dilution from equity incentive plans and strategically allocate capital to areas with the highest shareholder return. The company is focusing on debt reduction amid a higher interest rate environment.
    YearAmount Due (in millions)Debt TypeInterest Rate (%)% of Total Debt
    2025$19.3 Senior Notes - Fixed Rate4.650 1.2% = (19.3 / 1,644.3) * 100
    2027$825.0 Term Loan Facility6.446 50.2% = (825.0 / 1,644.3) * 100
    2029$400.0 Senior Notes - Fixed Rate4.500 24.3% = (400.0 / 1,644.3) * 100
    2032$400.0 Senior Notes - Fixed Rate5.900 24.3% = (400.0 / 1,644.3) * 100
    NameStart DateEnd DateReason for Change
    Deloitte & Touche LLPN/APresentCurrent auditor

    Notable M&A activity and strategic investments in the past 3 years.

    CompanyYearDetails

    Manitowoc Ice

    2022

    Pentair acquired Manitowoc Ice for an aggregate purchase price of $1.6 billion (net transaction of approximately $1.38 billion after $220M in tax benefits) as part of a strategic move to enhance its Consumer Solutions segment and create a combined commercial water solutions platform. This acquisition, funded partly by a $1 billion term loan facility, closed on July 28, 2022 following all regulatory approvals, and is expected to generate significant revenue and EBITDA synergies by 2025.

    Recent press releases and 8-K filings for PNR.

    Pentair Announces Q1 2025 Earnings Results
    PNR
    Earnings
    Guidance Update
    Share Buyback
    Dividends
    • Q1 revenue reached $1.0 billion with core sales declining approximately 1% YoY .
    • Adjusted operating income increased 12% to $243 million, with adjusted EPS up 18% to $1.11 (GAAP EPS up 16% to $0.93) .
    • Transformation initiatives drove margin expansion—with improvements of 260 basis points and triple-digit gains across segments .
    • The Pool segment outperformed with a 7% sales increase .
    • Capital allocation remained disciplined with a $50M share repurchase and a dividend increase, marking the 49th consecutive year .
    • Full-year guidance remains steady with expected sales flat to up 2% and EPS guidance of $4.65 to $4.80, supported by tariff mitigation and pricing strategies .
    1 day ago
    Pentair PLC Discusses Tariff Impacts and Transformation Initiatives
    PNR
    Guidance Update
    New Projects/Investments
    Revenue Acceleration/Inflection
    • Overview & Transformation: Pentair, a $4 billion water company, is focused on unlocking value through a significant transformation journey that emphasizes improved pricing, sourcing, operational excellence, and organizational cost management.
    • Tariff Strategy: The company outlined a three-wave tariff scenario—with permanent 10% tariffs on China and 25% on steel/aluminum (about $50 million impact), additional $30 million headwinds from reciprocal tariffs, and a potential $80+ million impact from Canada/Mexico tariffs—planning to offset these costs through pricing adjustments.
    • Market Conditions & Growth Outlook: Despite a challenged North American housing market and a flat pool market, Pentair expects revenue growth to be in the 1%-3% range with double-digit EPS growth, while strategically investing in automation and advanced water filtration technologies to drive future margins and market share.
    • Capital Allocation & Operational Discipline: The firm remains focused on optimizing cash flow through debt reduction, bolt-on M&A, and share buybacks, underscoring its commitment to strong ROIC and prudent capital allocation.
    Mar 11, 2025, 3:16 PM