Pentair plc Files 2023 Annual Report on Form 10-K
Ticker: PNR · Form: 10-K · Filed: 2024-02-20T00:00:00.000Z
Sentiment: neutral
Topics: 10-K, Annual Report, Pentair, Financials, SEC Filing
TL;DR
<b>Pentair plc has filed its 2023 Form 10-K detailing its financial performance and business operations for the fiscal year ending December 31, 2023.</b>
AI Summary
PENTAIR plc (PNR) filed a Annual Report (10-K) with the SEC on February 20, 2024. Pentair plc filed its 2023 Form 10-K on February 20, 2024. The filing covers the fiscal year ending December 31, 2023. The company's principal business is Special Industry Machinery (No Metalworking Machinery). The filing includes financial data for the fiscal years 2023, 2022, and 2021. Pentair plc was formerly known as Pentair Ltd, Pentair Inc, and Pentair Industries Inc.
Why It Matters
For investors and stakeholders tracking PENTAIR plc, this filing contains several important signals. This 10-K filing provides a comprehensive overview of Pentair's financial health and strategic direction for investors and stakeholders. The detailed financial statements and risk factors will allow for a thorough assessment of the company's performance and future outlook.
Risk Assessment
Risk Level: medium — PENTAIR plc shows moderate risk based on this filing. The filing is a standard 10-K, which is a routine annual report. However, the specific financial details and risk factors within the report will determine the precise risk level for investors.
Analyst Insight
Review the detailed financial statements and risk factors in the 10-K to assess Pentair's performance and identify potential investment risks and opportunities.
Key Numbers
- 2023-12-31 — Fiscal Year End (Conformed Period of Report)
- 2024-02-20 — Filing Date (Filed as of Date)
- 2023 — Fiscal Year (Reporting Period)
- 2022 — Fiscal Year (Previous Year Data)
- 2021 — Fiscal Year (Prior Year Data)
Key Players & Entities
- PENTAIR plc (company) — Filer
- 0000077360 (company) — Central Index Key
- 3550 (regulator) — Standard Industrial Classification
- REGAL HOUSE, 70 LONDON ROAD (company) — Business Address Street 1
- TWICKENHAM (company) — Business Address City
- 763-545-1730 (company) — Business Phone
- 5500 WAYZATA BLVD, SUITE 900 (company) — Mail Address Street 2
- GOLDEN VALLEY (company) — Mail Address City
FAQ
When did PENTAIR plc file this 10-K?
PENTAIR plc filed this Annual Report (10-K) with the SEC on February 20, 2024.
What is a 10-K filing?
A 10-K is a comprehensive annual financial report required by the SEC, covering audited financials, business operations, risk factors, and management discussion. This particular 10-K was filed by PENTAIR plc (PNR).
Where can I read the original 10-K filing from PENTAIR plc?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by PENTAIR plc.
What are the key takeaways from PENTAIR plc's 10-K?
PENTAIR plc filed this 10-K on February 20, 2024. Key takeaways: Pentair plc filed its 2023 Form 10-K on February 20, 2024.. The filing covers the fiscal year ending December 31, 2023.. The company's principal business is Special Industry Machinery (No Metalworking Machinery)..
Is PENTAIR plc a risky investment based on this filing?
Based on this 10-K, PENTAIR plc presents a moderate-risk profile. The filing is a standard 10-K, which is a routine annual report. However, the specific financial details and risk factors within the report will determine the precise risk level for investors.
What should investors do after reading PENTAIR plc's 10-K?
Review the detailed financial statements and risk factors in the 10-K to assess Pentair's performance and identify potential investment risks and opportunities. The overall sentiment from this filing is neutral.
How does PENTAIR plc compare to its industry peers?
Pentair operates within the Special Industry Machinery sector, focusing on machinery that does not involve metalworking.
Are there regulatory concerns for PENTAIR plc?
The filing is a standard 10-K report, adhering to the regulations set forth by the Securities and Exchange Commission (SEC) for public companies.
Industry Context
Pentair operates within the Special Industry Machinery sector, focusing on machinery that does not involve metalworking.
Regulatory Implications
The filing is a standard 10-K report, adhering to the regulations set forth by the Securities and Exchange Commission (SEC) for public companies.
What Investors Should Do
- Analyze the financial statements for revenue, net income, and other key performance indicators.
- Review the risk factors section to understand potential challenges and uncertainties.
- Examine any disclosed executive compensation details.
Key Dates
- 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K.
- 2024-02-20: Filing Date — Date the 10-K was officially filed with the SEC.
Year-Over-Year Comparison
This is the initial filing analyzed, so no comparison to a previous filing is available.
From the Filing
0000077360-24-000007.txt : 20240220 0000077360-24-000007.hdr.sgml : 20240220 20240220165746 ACCESSION NUMBER: 0000077360-24-000007 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 134 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240220 DATE AS OF CHANGE: 20240220 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PENTAIR plc CENTRAL INDEX KEY: 0000077360 STANDARD INDUSTRIAL CLASSIFICATION: SPECIAL INDUSTRY MACHINERY (NO METALWORKING MACHINERY) [3550] ORGANIZATION NAME: 06 Technology IRS NUMBER: 981050812 STATE OF INCORPORATION: L2 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11625 FILM NUMBER: 24654504 BUSINESS ADDRESS: STREET 1: REGAL HOUSE, 70 LONDON ROAD STREET 2: TWICKENHAM CITY: LONDON STATE: X0 ZIP: TW13QS BUSINESS PHONE: 763-545-1730 MAIL ADDRESS: STREET 1: C/O PENTAIR MANAGEMENT COMPANY STREET 2: 5500 WAYZATA BLVD, SUITE 900 CITY: GOLDEN VALLEY STATE: MN ZIP: 55416 FORMER COMPANY: FORMER CONFORMED NAME: PENTAIR LTD DATE OF NAME CHANGE: 20121003 FORMER COMPANY: FORMER CONFORMED NAME: PENTAIR INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: PENTAIR INDUSTRIES INC DATE OF NAME CHANGE: 19790327 10-K 1 pnr-20231231.htm 10-K pnr-20231231 0000077360 --12-31 12/31/2023 2023 FY false http://fasb.org/us-gaap/2023#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2023#SellingGeneralAndAdministrativeExpense http://fasb.org/us-gaap/2023#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2023#SellingGeneralAndAdministrativeExpense http://fasb.org/us-gaap/2023#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2023#SellingGeneralAndAdministrativeExpense http://fasb.org/us-gaap/2023#OtherAssetsMiscellaneousNoncurrent http://fasb.org/us-gaap/2023#OtherAssetsMiscellaneousNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense 33.33 33.33 33.33 33.33 33.33 33.33 0000077360 2023-01-01 2023-12-31 0000077360 2023-06-30 iso4217:USD 0000077360 2023-12-31 xbrli:shares 0000077360 2022-01-01 2022-12-31 0000077360 2021-01-01 2021-12-31 iso4217:USD xbrli:shares 0000077360 2022-12-31 0000077360 2021-12-31 0000077360 2020-12-31 0000077360 us-gaap:CommonStockMember 2020-12-31 0000077360 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0000077360 us-gaap:RetainedEarningsMember 2020-12-31 0000077360 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-12-31 0000077360 us-gaap:RetainedEarningsMember 2021-01-01 2021-12-31 0000077360 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-01-01 2021-12-31 0000077360 us-gaap:CommonStockMember 2021-01-01 2021-12-31 0000077360 us-gaap:AdditionalPaidInCapitalMember 2021-01-01 2021-12-31 0000077360 us-gaap:CommonStockMember 2021-12-31 0000077360 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0000077360 us-gaap:RetainedEarningsMember 2021-12-31 0000077360 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0000077360 us-gaap:RetainedEarningsMember 2022-01-01 2022-12-31 0000077360 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-01-01 2022-12-31 0000077360 us-gaap:CommonStockMember 2022-01-01 2022-12-31 0000077360 us-gaap:AdditionalPaidInCapitalMember 2022-01-01 2022-12-31 0000077360 us-gaap:CommonStockMember 2022-12-31 0000077360 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0000077360 us-gaap:RetainedEarningsMember 2022-12-31 0000077360 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0000077360 us-gaap:RetainedEarningsMember 2023-01-01 2023-12-31 0000077360 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-12-31 0000077360 us-gaap:CommonStockMember 2023-01-01 2023-12-31 0000077360 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 202