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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 1.1B | 8.1% |
Gross Profit | 438M | 12.3% |
Cost of Revenue | 661M | 5.5% |
Operating expense | 209M | 8.9% |
Net Income | 186M | 39.6% |
EBITDA | 261M | 34.5% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 6.55B | 2.8% |
Total Liabilities | 3.12B | 8.7% |
Total Equity | 3.43B | 3.2% |
Shares Outstanding | 166M | 0.1% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 539M | 601.1% |
Cash from investing | -18M | 9.3% |
Cash from financing | -414M | 755.5% |
EPS
Financial Highlights for Pentair in Q2 '24
Pentair reported a revenue of 1.1B, which is a 8.1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 438M, marking a 12.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 661M, a 5.5% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 209M, showing a -8.9% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 186M, showing a 39.6% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 261M, showing a 34.5% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Pentair with growth in revenue, gross profit, and net income.