07:31 AM EDT, 07/23/2024 (MT Newswires) -- Pentair ( PNR ) reported Q2 adjusted earnings Tuesday of $1.22 per diluted share, up from $1.03 a year earlier.

Analysts polled by Capital IQ expected $1.14.

Net sales for the quarter ended June 30 was $1.10 billion, up from $1.08 billion a year earlier.

Analysts polled by Capital IQ expected $1.09 billion.

For Q3, the company said it expects adjusted EPS of about $1.06 to $1.08. Analysts surveyed by Capital IQ expect $1.07. Sales for the quarter are projected to be down by about 2% to 3%. Analysts polled by Capital IQ expect $1.05 billion.

Meanwhile, the company said it expects full-year adjusted EPS guidance of about $4.25. That compares with the prior guidance of $4.15 to $4.25. Analysts polled by Capital IQ expect $4.18 for the year.

The company expects full-year sales to be flat to down by 1%, compared with the prior outlook of a 2% to 3% growth. Analysts polled by Capital IQ expect $4.19 billion.

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