(Reuters) -Water technology firm Pentair on Tuesday raised its adjusted profit forecast for the full year, citing its optimism over capitalizing on growing demand for water solutions and aging
Pentair Boosts Annual Profit Outlook Amid Positive Market Trends
Pentair's Financial Outlook and Market Position
(Reuters) -Water technology firm Pentair 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.
Adjusted Earnings and Revenue
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.
Market Trends and Demand
"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.
Company Strategies and Challenges
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 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 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.
(Reporting by Abhinav Parmar in Bengaluru; Editing by Shailesh Kuber)
