About Pentair

Pentair plc (Pentair) operates as a pure play water company. From its residential and commercial water solutions to industrial water management and everything in between, Pentair focuses on smart, sustainable water solutions that help people and the planet thrive. Pentair strategy The key elements of the company’s strategy are to focus on growth in its core businesses and strategic initiatives; accelerate digital, innovation, technology and environmental, social and governance (ESG) investments; expedite growth and drive margin expansion through its Transformation Program; and build a high performance growth culture and deliver on its commitments while living its Win Right values. Business and Products Pentair operates through three segments: Flow, Water Solutions and Pool. Flow The Flow segment delivers water where it is needed, when it is needed, more efficiently and transforms waste into value. This segment designs, manufactures and sells a variety of fluid treatment and pump products and systems, including pressure vessels, gas recovery solutions, membrane bioreactors, wastewater reuse systems and advanced membrane filtration, separation systems, water disposal pumps, water supply pumps, fluid transfer pumps, turbine pumps, solid handling pumps, and agricultural spray nozzles, while serving the global residential, commercial and industrial markets. These products and systems are used in a range of applications, including fluid delivery, ion exchange, desalination, food and beverage, separation technologies for the oil and gas industry, residential and municipal wells, water treatment, wastewater solids handling, pressure boosting, circulation and transfer, fire suppression, flood control, agricultural irrigation and crop spray. For the fiscal year ended December 31, 2023, the company’s residential and irrigation flow businesses, which sell pumps focused on residential and agriculture, comprised approximately 39% of Flow sales. Another approximately 27% of Flow sales were from the commercial & infrastructure flow businesses, which sell larger pumps focused on fire suppression, wastewater and flood control. The remaining approximately 34% of Flow sales were from the industrial solutions business, comprised of applications focused on industrial process filtration and sustainable gas. Flow brand names include Pentair Flow, Aurora, Berkeley, Codeline, Fairbanks-Nijhuis, Haffmans, Hydromatic, Hypro, Jung Pumpen, Myers, Sta-Rite, Shurflo, Südmo and X-Flow. Customers Flow customers include businesses engaged with end users, and wholesale and retail distribution in the residential, commercial, food and beverage, and industrial vertical markets. Seasonality The company has historically experienced increased demand following warm weather trends for residential water supply and agricultural products. Such demand historically has been at seasonal highs from April to August. Water Solutions The Water Solutions segment provides great tasting, higher-quality water and ice while helping people use water more productively. This segment designs, manufactures and sells commercial and residential water treatment products and systems, including pressure tanks, control valves, activated carbon products, commercial ice machines, conventional filtration products, and point-of-entry and point-of-use water treatment systems. These water treatment products and systems are used in residential whole home water filtration, drinking water filtration and water softening solutions in addition to commercial water management and filtration in foodservice operations. In addition, the company’s water solutions business also provides installation and preventative services for water management solutions for commercial operators. For the fiscal year ended December 31, 2023, the company’s commercial business, which products include pressure tanks, control valves, activated carbon products, commercial ice machines, conventional filtration products, and commercial point-of-entry and point-of-use water treatment systems, comprised approximately 67% of Water Solutions sales. In addition, the company’s commercial business also provides installation and preventative services for water management solutions for commercial operators. The other approximately 33% of Water Solutions sales were associated with the company’s residential business, which primarily focuses on products associated with residential point of entry and point of use filtration and softening systems. Water Solutions brand names include Pentair Water Solutions, Everpure, Fleck, KBI, Manitowoc Ice, Pentek and RainSoft. Customers Water Solutions customers include businesses engaged in wholesale and retail distribution in the residential, commercial and food and beverage vertical markets. Customers also include end users, consumers, commercial operators and original equipment manufacturers. Seasonality The company experiences seasonal demand with several end customers and end users within Water Solutions. End-user demand for water solution products generally follows warm weather trends and is at seasonal highs from April to September. Pool The Pool segment provides innovative, energy-efficient pool solutions to help people more sustainably enjoy water. This segment designs, manufactures and sells a complete line of energy-efficient residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment and pool accessories. Applications for the company’s pool products include residential and commercial pool maintenance, pool repair, renovation, service and construction and aquaculture solutions. The primary brand names associated with the Pool segment are Pentair Pool, Kreepy Krauly, Pleatco and Sta-Rite. Customers Pool customers include businesses engaged in wholesale and retail distribution in the residential and commercial vertical markets. Customers in the residential and commercial verticals also include end users and consumers. One customer in the Pool business represented approximately 15% of the company’s consolidated net sales in 2023. Seasonality The company has historically experienced seasonal demand with several end customers and end users. End-user demand for pool equipment follows warm weather trends and historically has been at seasonal highs from April to August. Research and Development For the year ended December 31, 2023, the company’s research and development expenditures included $99.8 million. Captive insurance subsidiary A portion of its property and casualty insurance program is insured through the company’s regulated wholly-owned captive insurance subsidiary, Penwald Insurance Company (Penwald). History Pentair plc was founded in 1966. The company was incorporated in 2013.