Pentair Sales Increase 9% in 2022 - Modern Distribution Management

Pentair Sales Increase 9% in 2022

The water treatment company attributed the year-to-year growth to the performance of its two business segments.
Pentair plc, a London-based water treatment and sustainability provider, said it has completed a $1.6 billion deal to acquire commercial ice maker Manitowoc Ice from Welbilt, Inc.

London-based water treatment company Pentair reported Jan. 31 that its 2022 fourth-quarter sales were up 1% over the same period in 2021, while yearly total sales rose 9%.

Excluding currency translation, acquisitions and divestitures, Pentair’s core sales declined 3% in 4Q 2022, according to a news release. Pentair posted sales of $1 billion in 4Q 2022, up from $0.98 billion in 4Q 2021.

MDM’s M&A Virtual Summit, to be held Feb. 21-22, has something to offer for any distributor on the dealmaking spectrum. We’ll cover the current state of M&A; how to maximize valuation; integration do’s and don’ts; ESOPs; the culture side of the M&A process; and more. Get details and register here.

Full-year sales in 2022 were $4.1 billion, compared with $3.8 billion in 2021. Pentair attributed the strong year-to-year growth to the performance of both its Consumer Solutions segment and Industrial & Flow Technologies segment. Consumer Solutions sales increased 12% in 2022 while Industrial & Flow Technologies sales were up 6%.

“Our diverse portfolio generated growth in both segments in 2022, which was further strengthened by our strategic acquisition of Manitowoc Ice,” Pentair President and CEO John Stauch said in the release. “We have maintained a strong balance sheet, generated solid free cash flow and returned capital to our shareholders through dividends and share repurchases during the year. Our recent dividend increase marks the 47th consecutive year of Pentair raising its dividend, which remains an important component of our long-term capital allocation strategy.”

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!