Pentair (PNR) Revenue — Quarter Ended Mar 31, 2024
Pentair's revenue increased sequentially but declined year over year. The quarterly performance showed a modest rebound from the previous quarter, while falling short of the same period last year.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Pentair's revenue increased sequentially but declined year over year. The quarterly performance showed a modest rebound from the previous quarter, while falling short of the same period last year.
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
+3.3%
Change from the immediately preceding quarter.
Year-over-year
-1.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.1B
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, 2023 | $1.1B | +1.7% |
| Sep 30, 2023 | $1B | -4.4% |
| Dec 31, 2023 | $984.6M | -1.8% |
| Mar 31, 2024 | $1B | -1.1% |
Revenue performance
Revenue grew compared to the immediately preceding quarter, indicating a positive sequential trend.
Quarterly comparison
Relative to the same quarter one year earlier, revenue was lower, marking a year-over-year decrease.
What to watch
Seasonal cash usage in the first quarter, as described in the filing, could affect near-term liquidity.