Pentair (PNR) Revenue — Quarter Ended Mar 31, 2023
Pentair's revenue increased in the latest quarter, advancing from both the prior quarter and the same quarter one year earlier. The company achieved sequential and year-over-year growth.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Pentair's revenue increased in the latest quarter, advancing from both the prior quarter and the same quarter one year earlier. The company achieved sequential and year-over-year growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1B
Revenue reported for this quarter.
Quarter-over-quarter
+2.6%
Change from the immediately preceding quarter.
Year-over-year
+2.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.2B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $1.1B | +13.1% |
| Sep 30, 2022 | $1.1B | +8.9% |
| Dec 31, 2022 | $1B | +1.4% |
| Mar 31, 2023 | $1B | +2.9% |
Revenue performance
Revenue rose during the period, reflecting higher net sales compared to the preceding quarter and a year ago. The improvement contributed to stronger operating results.
Quarterly comparison
Compared to the immediately preceding quarter, revenue increased, and it also grew relative to the same quarter one year earlier. Both sequential and year-over-year comparisons were positive.
What to watch
Monitor the upcoming quarter for anticipated seasonal cash generation, which typically reverses the cash usage pattern seen in the latest period.