July 22 (Reuters) - Water technology firm Pentair ( PNR )
on Tuesday raised its adjusted profit forecast for the
full year, citing its optimism over capitalizing on growing
demand for water solutions and aging infrastructure across
commercial and municipal sectors.
The company now expects 2025 adjusted earnings between $4.75
and $4.85 per share, up from its previous view of $4.65 to $4.80
per share, versus analysts' estimate of $4.76 per share,
according to data compiled by LSEG.
"We are well positioned to capture opportunities from
favorable secular trends in water availability, increased
awareness of water challenges, aging commercial, public and
municipal infrastructure, outdoor healthy living and favorable
housing migration," CEO John Stauch said.
Stauch added that the company is ready to capture higher
demand once the residential market returns to growth.
The UK-based company provides residential and industrial
water technology products and services across 150 countries. It
operates through three segments - Industrial & Flow
Technologies, Water Solutions, and Pool.
Pentair ( PNR ) makes filtration products for a range of industries,
along with water pump solutions used in flood control, fire
suppression, and residential applications. It also produces
pumps, heating systems, and LED lighting for swimming pools, as
well as water filtration systems for household use.
The company reported an adjusted profit of $1.39 per share
for the quarter ended June 30, above analysts' estimates of
$1.34 per share.
Quarterly revenue rose 2.2% to $1.12 billion, in line with
analysts' estimates.
Pentair ( PNR ) previously implemented price hikes and pre-purchased
its inventory to offset any potential impact from President
Donald Trump's tariff policies, while also taking steps to
reduce its dependence on China for its supply chain needs.