Pentair Boosts Product Offerings With G&F Manufacturing Buyout [Yahoo! Finance]
Pentair plc. Ordinary Share (PNR)
Last pentair plc. ordinary share earnings: 4/30 06:55 am
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Source: Yahoo! Finance
It will enhance Pentair's pool equipment offerings to customers in Florida and neighboring areas. G&F Manufacturing is a manufacturer and provider under the Gulfstream brand in the Southeast portion of the United States. It manufactures heat pumps for pools, which are an important offering for Pentair customers. The acquisition would enable Pentair to deliver heat pumps in critical geographical regions while also aligning with pool equipment sustainability trends. The transaction is consistent with Pentair's goal to provide smart, sustainable solutions to help customers enjoy water. PNR paid G&F Manufacturing around $108 million in cash at the closure. Net sales in the Pool segment totaled $331 million in the quarter, up 7.3% year over year in the third quarter. Operating earnings for the segment grew 24.4% year over year to $112.7 million. Overall, net sales declined 1.5% year over year to $993 million in the quarter under review. However, the top line surpassed the Zacks C
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PNR
Earnings
- 10/22/24 - Beat
PNR
Sec Filings
- 12/4/24 - Form 4
- 12/2/24 - Form 144
- 11/5/24 - Form 4
- PNR's page on the SEC website