By Dean Seal

Shares of Pentair gained after the company recorded strong results in the first quarter and said it has been working to mitigate the effects from the evolving global tariff situation.

The stock was up 6.8% at $84.34 in premarket trading. Shares had fallen 22% year-to-date when the market closed Monday.

The water-storage company on Tuesday reported a first-quarter profit of $154.9 million, or 93 cents a share, up from $133.3 million, or 80 cents a share, in the same period a year earlier.

Stripping out one-time items, adjusted earnings were $1.11 a share, 10 cents per share higher than the consensus estimate of analysts polled by FactSet.

Sales ticked down 1% to $1.01 billion, but that was still higher than the $988.3 million that analysts had been expecting, and topped the upper end of the company's guidance.

Pentair said pool sales were up 7% for the quarter. The gain was offset by lower sales in its water solutions and flow segments. Profitability got a boost from lower input costs and overheads.

The company said it is sticking to guidance for sales to be between flat and up 2% this year. It lowered its earnings outlook from $4.27 to $4.42 a share from $4.37 to $4.52 a share, but maintained its outlook for adjusted earnings of $4.65 to $4.80 a share.

Chief Executive John Stauch said Pentair has been raising prices, pre-buying inventory and capping orders to manage its supply chain as the specter of President Trump's tariff campaign looms.

"We are ready to take additional actions should the tariff impact change," he said.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

April 22, 2025 08:14 ET (12:14 GMT)

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