Pentair Files 8-K on Financial Results, Operations

TL;DR

**Pentair just dropped an 8-K on its financials, time to check their numbers.**

AI Summary

Pentair plc filed an 8-K on January 30, 2024, to report its results of operations and financial condition. This filing indicates that the company is providing updated financial information to the public, which is a routine disclosure. For investors, this matters because it provides transparency into Pentair's recent financial performance, allowing them to assess the company's health and make informed decisions about buying, holding, or selling PNR stock.

Why It Matters

This filing provides investors with the latest financial health update for Pentair plc, crucial for evaluating the company's performance and future prospects.

Risk Assessment

Risk Level: low — This 8-K is a routine disclosure of financial results and operations, not indicating any immediate new risks or significant events.

Analyst Insight

A smart investor would review the full financial statements and results of operations once they become available to understand the specifics of Pentair's performance and how it aligns with their investment thesis.

Key Numbers

• $0.01 — Nominal value per Ordinary Share (This is the stated value of each share of Pentair plc's stock.)

Key Players & Entities

• Pentair plc (company) — the registrant filing the 8-K
• New York Stock Exchange (company) — where Pentair's Ordinary Shares are registered
• $0.01 (dollar_amount) — nominal value per Ordinary Share
• January 30, 2024 (date) — date of earliest event reported and filing date

FAQ

Key Financial Figures

• $0.01 — istered Ordinary Shares, nominal value $0.01 per share PNR New York Stock Exchange

Filing Documents

• pnr-20240130.htm (8-K) — 31KB
• a2023q4pressrelease.htm (EX-99.1) — 444KB
• pentairlogo001a15a.jpg (GRAPHIC) — 26KB
• pnr-20240130_g1.jpg (GRAPHIC) — 26KB
• 0000077360-24-000003.txt ( ) — 726KB
• pnr-20240130.xsd (EX-101.SCH) — 2KB
• pnr-20240130_lab.xml (EX-101.LAB) — 25KB
• pnr-20240130_pre.xml (EX-101.PRE) — 13KB
• pnr-20240130_htm.xml (XML) — 3KB

02 Results of Operations and Financial Condition

ITEM 2.02 Results of Operations and Financial Condition On January 30, 2024, Pentair plc (the "Company") issued a press release announcing its earnings for the fourth quarter and full year of 2023 and a conference call in connection therewith. A copy of the release is attached hereto as Exhibit 99.1 and incorporated herein by reference. This press release refers to certain non-generally accepted accounting principles ("GAAP") financial measures (core sales, segment income, adjusted return on sales, adjusted net income from continuing operations, adjusted diluted earnings per share from continuing operations and free cash flow) and a reconciliation of those non-GAAP financial measures to the corresponding financial measures contained in the Company's financial statements prepared in accordance with GAAP. The 2023 segment income, adjusted return on sales, adjusted net income from continuing operations and adjusted diluted earnings per share from continuing operations ("EPS") include equity income of unconsolidated subsidiaries and eliminate intangible amortization, costs of certain restructuring, transformation and other activities, certain legal accrual adjustments and settlements, asset impairment and write-offs, pension and other post-retirement mark-to-market loss, other income and certain tax items. The 2022 segment income, adjusted return on sales, adjusted net income from continuing operations and adjusted diluted EPS include equity income of unconsolidated subsidiaries and eliminate intangible amortization, costs of certain restructuring, transformation and other activities, inventory step-up adjustments, deal-related costs and expenses, certain legal accrual adjustments and settlements, asset impairment and write-offs, impact associated with the business exit in Russia, gain on sale of businesses, pension and other post-retirement mark-to-market gain, amortization of bridge financing fees and certain tax items. We use the term "core sales" to refer to GAA

01 Financial Statements and Exhibits

ITEM 9.01 Financial Statements and Exhibits (a) Financial Statements of Businesses Acquired Not applicable. (b) Pro Forma Financial Information Not applicable. (c) Shell Company Transactions Not applicable. (d) Exhibits EXHIBIT INDEX Exhibit Description 99.1 Pentair plc press release dated January 30, 2024 announcing earnings for the fourth quarter and full year of 2023 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on January 30, 2024. PENTAIR PLC Registrant By /s/ Robert P. Fishman Robert P. Fishman Executive Vice President, Chief Financial Officer and Chief Accounting Officer