Latest news with #PNR
Yahoo
9 hours ago
- Business
- Yahoo
Pentair Surpasses Q2 Earnings Estimates, Raises 2025 Guidance
Pentair plc PNR posted adjusted earnings per share (EPS) of $1.39 for the second quarter of 2025, which beat the Zacks Consensus Estimate of $1.33 by a margin of 4.5%. The bottom line also topped its guidance of $1.31-$1.35 and marked a 14% improvement from the prior-year quarter. Including one-time items, EPS was 90 cents compared with the prior-year quarter's $1.11. Pentair plc Price, Consensus and EPS Surprise Pentair plc price-consensus-eps-surprise-chart | Pentair plc Quote Pentair Delivers Higher Sales & Adjusted Operating Margin Net sales rose 2% year over year to $1.123 billion. The top line surpassed the Zacks Consensus Estimate of $1.115 billion. Excluding the impacts of acquisitions, divestitures and currency translation, core sales were up 1%. The cost of sales inched up 0.8% year over year to $667 million. The gross profit was $457 million, up 4.3% from the prior-year quarter. The gross margin was 40.7% compared with the year-ago quarter's 39.8%. SG&A expenses totaled $214 million, up 29.5% from the prior-year quarter's $165 million. Research and development expenses were up 1% year over year to $25 million. The operating income, including one-time items, was $217.7 million, down 12% from the year-ago quarter. Operating margin was 19.4% compared with 22.6% in the year-ago quarter. The adjusted segment operating income increased 9% year over year to $296.7 million. The adjusted segment operating margin was 26.4%, a 170-basis point expansion from the year-ago quarter. PNR's Segment Performances in Q2 Net sales in the Flow segment totaled $397 million, flat compared with the prior-year quarter. Our estimate for the segment's net sales was $407 million. Operating earnings for the segment rose 10% year over year to $93 million. Our estimate for the segment's operating profit was $89 million. Net sales in the Water Solutions segment were down 4% year over year to $298 million. The figure came in short of our estimate of $306.4 million. The segment's earnings declined 3% to $70 million and missed our projection of $73 million. Net sales in the Pool segment totaled $427 million, up 9% year over year. Our estimate for the segment's net sales was $399.6 million. Operating earnings for the segment grew 14.3% year over year to $152.7 million. Our estimate for the segment's operating income was $146.7 million. Pentair's Cash Flow & Balance Sheet Updates at Q2-End Pentair had cash and cash equivalents of around $143 million at the end of the second quarter of 2025 compared with $119 million at 2024-end. Net cash generated from operating activities was $568 million in the first half of 2025 compared with $432 million in the prior-year comparable period. The company had a long-term debt of $1.39 billion as of June 30, 2025, down from $1.64 billion as of Dec. 31, had hiked its dividend by 9% to 25 cents per share earlier this year. This marked the 49th consecutive year that the company has increased its dividend. Pentair has repurchased 1.3 million of its shares for $125 million so far in 2025. As of June 30, 2025, the company had $325 million available under its share repurchase authorization. PNR's Guidance for Q3 & 2025 Backed by the upbeat performance so far this year, Pentair expects adjusted EPS to be in the range of $4.75- $4.85 for 2025, higher than its previous guidance of $4.65-$4.80. The mid-point of the range indicates year-over-year growth of 9.1%. The company has also raised its year-over-year reported sales growth guidance to 1-2% for 2025. Earlier, sales were expected to be flat or increase 2% on a reported basis from the 2024 level. For the third quarter, the company expects an adjusted EPS between $1.16 and $1.20, implying an 8% rise at the midpoint. Pentair anticipates the quarter's sales to be flat to up 1% from the year-ago quarter's figure. Pentair Stock's Price Performance Pentair stock has gained 20.3% over the past year compared with the industry's 4.2% growth. Image Source: Zacks Investment Research PNR's Zacks Rank Pentair currently carries a Zacks Rank #4 (Sell). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Pentair's Peers Awaiting Results Pool Corp. POOL is expected to release second-quarter 2025 results on July 24, 2025. The Zacks Consensus Estimate for POOL's earnings is pegged at $5.13 per share, indicating year-over-year growth of 3%. The estimate for Pool Corp.'s top line is pegged at $1.79 billion, implying an increase of 1.2% from the prior year's figure. POOL has a trailing four-quarter average earnings surprise of 1.17%. Xylem XYL, scheduled to release second-quarter 2024 results on July 31, has a trailing four-quarter average earnings surprise of 4.15%. The Zacks Consensus Estimate for Xylem's earnings for the quarter is pegged at $1.14 per share, implying year-over-year growth of 4.6%.The consensus estimate for Xylem's top line is pegged at $2.21 billion, indicating a rise of 2% from the prior-year figure. Ecolab ECL is scheduled to report second-quarter 2025 results on July 29. The Zacks Consensus Estimate for earnings is pegged at $1.90 per share, implying a 13% increase from the prior-year figure. The estimate for Ecolab's revenues for the quarter is $4.01 billion, indicating a 0.6% increase from the year-ago quarter. The company has an average earnings surprise of 0.7% in the past four quarters. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ecolab Inc. (ECL) : Free Stock Analysis Report Pool Corporation (POOL) : Free Stock Analysis Report Pentair plc (PNR) : Free Stock Analysis Report Xylem Inc. (XYL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Globe and Mail
9 hours ago
- Business
- Globe and Mail
Pentair Surpasses Q2 Earnings Estimates, Raises 2025 Guidance
Pentair plc PNR posted adjusted earnings per share (EPS) of $1.39 for the second quarter of 2025, which beat the Zacks Consensus Estimate of $1.33 by a margin of 4.5%. The bottom line also topped its guidance of $1.31-$1.35 and marked a 14% improvement from the prior-year quarter. Including one-time items, EPS was 90 cents compared with the prior-year quarter's $1.11. Pentair Delivers Higher Sales & Adjusted Operating Margin Net sales rose 2% year over year to $1.123 billion. The top line surpassed the Zacks Consensus Estimate of $1.115 billion. Excluding the impacts of acquisitions, divestitures and currency translation, core sales were up 1%. The cost of sales inched up 0.8% year over year to $667 million. The gross profit was $457 million, up 4.3% from the prior-year quarter. The gross margin was 40.7% compared with the year-ago quarter's 39.8%. SG&A expenses totaled $214 million, up 29.5% from the prior-year quarter's $165 million. Research and development expenses were up 1% year over year to $25 million. The operating income, including one-time items, was $217.7 million, down 12% from the year-ago quarter. Operating margin was 19.4% compared with 22.6% in the year-ago quarter. The adjusted segment operating income increased 9% year over year to $296.7 million. The adjusted segment operating margin was 26.4%, a 170-basis point expansion from the year-ago quarter. PNR's Segment Performances in Q2 Net sales in the Flow segment totaled $397 million, flat compared with the prior-year quarter. Our estimate for the segment's net sales was $407 million. Operating earnings for the segment rose 10% year over year to $93 million. Our estimate for the segment's operating profit was $89 million. Net sales in the Water Solutions segment were down 4% year over year to $298 million. The figure came in short of our estimate of $306.4 million. The segment's earnings declined 3% to $70 million and missed our projection of $73 million. Net sales in the Pool segment totaled $427 million, up 9% year over year. Our estimate for the segment's net sales was $399.6 million. Operating earnings for the segment grew 14.3% year over year to $152.7 million. Our estimate for the segment's operating income was $146.7 million. Pentair's Cash Flow & Balance Sheet Updates at Q2-End Pentair had cash and cash equivalents of around $143 million at the end of the second quarter of 2025 compared with $119 million at 2024-end. Net cash generated from operating activities was $568 million in the first half of 2025 compared with $432 million in the prior-year comparable period. The company had a long-term debt of $1.39 billion as of June 30, 2025, down from $1.64 billion as of Dec. 31, 2024. Pentair had hiked its dividend by 9% to 25 cents per share earlier this year. This marked the 49th consecutive year that the company has increased its dividend. Pentair has repurchased 1.3 million of its shares for $125 million so far in 2025. As of June 30, 2025, the company had $325 million available under its share repurchase authorization. PNR's Guidance for Q3 & 2025 Backed by the upbeat performance so far this year, Pentair expects adjusted EPS to be in the range of $4.75- $4.85 for 2025, higher than its previous guidance of $4.65-$4.80. The mid-point of the range indicates year-over-year growth of 9.1%. The company has also raised its year-over-year reported sales growth guidance to 1-2% for 2025. Earlier, sales were expected to be flat or increase 2% on a reported basis from the 2024 level. For the third quarter, the company expects an adjusted EPS between $1.16 and $1.20, implying an 8% rise at the midpoint. Pentair anticipates the quarter's sales to be flat to up 1% from the year-ago quarter's figure. Pentair Stock's Price Performance Pentair stock has gained 20.3% over the past year compared with the industry 's 4.2% growth. PNR's Zacks Rank Pentair currently carries a Zacks Rank #4 (Sell). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Pentair's Peers Awaiting Results Pool Corp. POOL is expected to release second-quarter 2025 results on July 24, 2025. The Zacks Consensus Estimate for POOL's earnings is pegged at $5.13 per share, indicating year-over-year growth of 3%. The estimate for Pool Corp.'s top line is pegged at $1.79 billion, implying an increase of 1.2% from the prior year's figure. POOL has a trailing four-quarter average earnings surprise of 1.17%. Xylem XYL, scheduled to release second-quarter 2024 results on July 31, has a trailing four-quarter average earnings surprise of 4.15%. The Zacks Consensus Estimate for Xylem's earnings for the quarter is pegged at $1.14 per share, implying year-over-year growth of 4.6%. The consensus estimate for Xylem's top line is pegged at $2.21 billion, indicating a rise of 2% from the prior-year figure. Ecolab ECL is scheduled to report second-quarter 2025 results on July 29. The Zacks Consensus Estimate for earnings is pegged at $1.90 per share, implying a 13% increase from the prior-year figure. The estimate for Ecolab's revenues for the quarter is $4.01 billion, indicating a 0.6% increase from the year-ago quarter. The company has an average earnings surprise of 0.7% in the past four quarters. Zacks' Research Chief Names "Stock Most Likely to Double" Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest. This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ecolab Inc. (ECL): Free Stock Analysis Report Pool Corporation (POOL): Free Stock Analysis Report Pentair plc (PNR): Free Stock Analysis Report Xylem Inc. (XYL): Free Stock Analysis Report
Time of India
a day ago
- Time of India
Self baggage drop now operational at SVPI's T2
Ahmedabad: International flyers from Ahmedabad now have the option of a smoother baggage check-in process, with the self baggage drop facility becoming operational at Terminal 2 (T2) of Sardar Vallabhbhai Patel International (SVPI) Airport. Emirates became the first airline to be empanelled under this initiative by the airport operator, offering the service to its boarding passengers. Other airlines are expected to be brought on board over the next few months. Self baggage drop was already implemented at the airport's domestic Terminal 1 (T1). Currently at T2, an average of 15 to 20 Emirates passengers are opting for the facility daily, accounting for about 30 to 40 pieces of luggage. Sources at SVPI airport expect these numbers to grow steadily as more passengers adapt to the digital process. Flyers are required to enter their PNR details, scan passports and print baggage tags and boarding passes. After tagging their luggage, they can drop their bags at the designated points at Counters 21 and 22 in T2," said a source. You Can Also Check: Ahmedabad AQI | Weather in Ahmedabad | Bank Holidays in Ahmedabad | Public Holidays in Ahmedabad Once the tagged baggage is deposited, passengers can proceed towards security check.
Sydney Morning Herald
2 days ago
- Sydney Morning Herald
More than basic details: What border officials know about you
'I have been wondering about what information is actually contained in your passport data,' writes Traveller reader Judi LeVine of Manly, NSW. 'In the past it seems as though the immigration people have spent a rather long time staring at their screens after they have scanned my passport and I am wondering what they are looking at? Is all of your past travel history there to peruse or is there other information about your identity or some other history?' The answer is, all of the above, plus a whole lot more that you probably wouldn't expect. If you want a short answer, it's not so much what immigration officers can see about you, but what they can't. What an immigration officer sees when they scan your passport In a typical case, the officer has access to the chip embedded in an e-passport, the Passenger Name Record (PNR) submitted by an airline and information from security databases. Passport details include the traveller's full name, date and place of birth, nationality, passport number, issuing state, expiry date and a digitised copy of the passport holder's photo. They can also see the traveller's visa type, validity dates and any refusal-of-entry records or previous overstays. Meanwhile, the camera at the immigration booth compares the image of the passenger with the one stored in the chip and makes a match or no-match response. In some countries, including the US, European Union nations and Australia, the immigration officer can also see every recorded entry and exit to the country, and overstays, remarks and, in the case of the EU, days remaining under the Schengen area's 90-day rule. The security database is sourced from Interpol, national watch lists and terrorism and criminal databases. The secrets your PNR number holds Loading The PNR is the six-digit string of characters and numbers, also known as a booking reference number or record locator, that a passenger is assigned when they make an airline booking. Far more than just a record of a flight booking, the PNR links to a trough of information. Much of that information overlaps with what is available from the passport chip, but there's more data relating to the traveller's movements including all flight segments on that booking with dates and times, connecting flights and seat numbers, fare class, how the passenger paid for their ticket, the number of checked bags, the source of the booking, travel agent contact information, meal preference, visa information, travel authorisations and names of other passengers travelling on the same reservation and email address. Most commercial airlines will send the PNR records of all passengers on a flight to the destination country some 48 to 72 hours before a flight departure. The PNR record also links to Advance Passenger Information System (API) data, which backs up some of the PNR data but may also include more granular details, such as a traveller's destination address in some countries. API data is collected at the check-in desk or before boarding an international flight. Australia was an early adopter, requiring airlines to send API data as early as 2000.
The Age
2 days ago
- The Age
More than basic details: What border officials know about you
'I have been wondering about what information is actually contained in your passport data,' writes Traveller reader Judi LeVine of Manly, NSW. 'In the past it seems as though the immigration people have spent a rather long time staring at their screens after they have scanned my passport and I am wondering what they are looking at? Is all of your past travel history there to peruse or is there other information about your identity or some other history?' The answer is, all of the above, plus a whole lot more that you probably wouldn't expect. If you want a short answer, it's not so much what immigration officers can see about you, but what they can't. What an immigration officer sees when they scan your passport In a typical case, the officer has access to the chip embedded in an e-passport, the Passenger Name Record (PNR) submitted by an airline and information from security databases. Passport details include the traveller's full name, date and place of birth, nationality, passport number, issuing state, expiry date and a digitised copy of the passport holder's photo. They can also see the traveller's visa type, validity dates and any refusal-of-entry records or previous overstays. Meanwhile, the camera at the immigration booth compares the image of the passenger with the one stored in the chip and makes a match or no-match response. In some countries, including the US, European Union nations and Australia, the immigration officer can also see every recorded entry and exit to the country, and overstays, remarks and, in the case of the EU, days remaining under the Schengen area's 90-day rule. The security database is sourced from Interpol, national watch lists and terrorism and criminal databases. The secrets your PNR number holds Loading The PNR is the six-digit string of characters and numbers, also known as a booking reference number or record locator, that a passenger is assigned when they make an airline booking. Far more than just a record of a flight booking, the PNR links to a trough of information. Much of that information overlaps with what is available from the passport chip, but there's more data relating to the traveller's movements including all flight segments on that booking with dates and times, connecting flights and seat numbers, fare class, how the passenger paid for their ticket, the number of checked bags, the source of the booking, travel agent contact information, meal preference, visa information, travel authorisations and names of other passengers travelling on the same reservation and email address. Most commercial airlines will send the PNR records of all passengers on a flight to the destination country some 48 to 72 hours before a flight departure. The PNR record also links to Advance Passenger Information System (API) data, which backs up some of the PNR data but may also include more granular details, such as a traveller's destination address in some countries. API data is collected at the check-in desk or before boarding an international flight. Australia was an early adopter, requiring airlines to send API data as early as 2000.
