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Pentair plc

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Pentair reaffirmed its full-year 2017 adjusted EPS guidance range of $3.45–$3.55. The company raised the outlook for full-year 2017 revenues to approximately $4.8 billion. Though strong U.S. dollar, volatile raw material prices and depressed oil prices remain headwinds, Pentair will gain from industry strength, continued dealer wins, strong product innovations and the sale of Valves & Controls. Further, the company’s focus on price increases will help mitigate cost inflation. Moreover, Pentair has positive record of earnings surprises in recent quarters.

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