Q2 2022 Earnings Release
Reported To Adjusted 2021 Reconciliation
Pentair plc and Subsidiaries
Reconciliation of GAAP to Non-GAAP Financial Measures for the Year Ended December 31, 2021
Excluding the Effect of 2021 Adjustments (Unaudited)
In millions, except per-share data
Net sales
Operating income
% of net sales
Adjustments:
Restructuring and other
Transformation costs
Intangible amortization
COVID-19 related costs and expenses
Legal accrual adjustments and settlements
Inventory step-up
Deal-related costs and expenses
Equity income (loss) of unconsolidated subsidiaries
Segment income
Return on sales
Net income from continuing operations—as reported
Gain on sale of businesses
Pension and other post-retirement mark-to-market gain
Other income
Adjustments to operating income
Income tax adjustments
Net income from continuing operations as adjusted
Continuing earnings per ordinary share-diluted
Diluted earnings per ordinary share-as reported
Adjustments
Diluted earnings per ordinary share-as adjusted
16
Q2 2022 Earnings Release. 2022 Pentair. All Rights Reserved.
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
Full
Year
$
865.9
$
941.1
$
969.2
$
988.6 $
3,764.8
157.1
161.8
167.3
150.7
636.9
18.1 %
17.2 %
17.3 %
15.2 %
16.9%
1.5
3.9
0.1
2.0
7.5
1.9
4.0
5.8
11.7
7.1
6.3
6.0
6.9
26.3
0.2
0.1
0.1
0.2
0.6
(2.4)
(5.2)
(7.6)
2.3
2.3
0.7
1.0
2.1
4.1
7.9
0.2
(0.1)
0.1
0.1
0.3
164.4
174.9
179.7
166.9
685.9
19.0 %
18.6 %
18.5 %
16.9 %
18.2 %
131.1
132.6
143.7
148.6
556.0
(1.4)
(1.4)
(2.4)
(2.4)
(0.3)
(0.3)
7.1
(2.4)
13.2
12.3
16.1
48.7
(4.6)
(6.2)
(17.0)
(30.2)
135.8 $
140.9 $
148.4 $
145.3 $
570.4
$
0.78 $
0.03
$
0.81 $
0.79 $
0.05
0.84 $
0.86
0.03
0.89 $
$
0.89 $
3.32
(0.02)
0.08
0.87 $
3.40
PENTAIRView entire presentation