07:35 AM EDT, 10/22/2024 (MT Newswires) -- Pentair ( PNR ) reported Q3 adjusted earnings Tuesday of $1.09 per diluted share, up from $0.94 a year earlier.

Analysts polled by Capital IQ expected $1.07.

Net sales for the quarter ended Sept. 30 were $993.4 million, down from $1.01 billion a year earlier.

Analysts polled by Capital IQ expected $988.4 million.

For Q4, the company said it expects adjusted EPS of about $1.02 on sales of $965 million to $975 million. Analysts surveyed by Capital IQ expect $1.02 on $989.5 million.

Meanwhile, the company expects full-year adjusted EPS of about $4.27, up from previous guidance of $4.25. Analysts polled by Capital IQ expect $4.25 for the year.

The company expects full-year sales of $4.08 billion to $4.09 billion. Analysts polled by Capital IQ expect $4.1 billion.

Pentair ( PNR ) shares were 1.5% higher in premarket trading.

Price: 99.83, Change: +1.47, Percent Change: +1.49