Pentair (PNR) Revenue — Quarter Ended Jun 30, 2024
Pentair's second quarter revenue increased compared to the prior quarter and the same period last year. The company benefited from seasonal demand peaks in its pool and water solution businesses.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Pentair's second quarter revenue increased compared to the prior quarter and the same period last year. The company benefited from seasonal demand peaks in its pool and water solution businesses.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.1B
Revenue reported for this quarter.
Quarter-over-quarter
+8.1%
Change from the immediately preceding quarter.
Year-over-year
+1.6%
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 |
|---|---|---|
| Sep 30, 2023 | $1B | -4.4% |
| Dec 31, 2023 | $984.6M | -1.8% |
| Mar 31, 2024 | $1B | -1.1% |
| Jun 30, 2024 | $1.1B | +1.6% |
Revenue performance
Revenue growth was driven by higher sales in the Pool and Water Solutions segments during the warm weather season. This sequential improvement reversed the cash usage seen in the first quarter.
Quarterly comparison
Compared with the immediately preceding quarter, revenue rose, consistent with typical seasonal patterns. Versus the same quarter a year ago, revenue also posted an increase, reflecting underlying demand strength.
What to watch
Monitor how demand trends evolve as the peak season transitions into the fall months.