Q2 2022 Earnings Release
Reported To Adjusted 2022 Reconciliation
Pentair plc and Subsidiaries
Reconciliation of GAAP to Non-GAAP Financial Measures for the Year Ending December 31, 2022
Excluding the Effect of 2022 Adjustments (Unaudited)
In millions, except per-share data
Net sales
Operating income
% of net sales
Adjustments:
Restructuring and other
Transformation costs
Intangible amortization
Legal accrual adjustments and settlements
Deal-related costs and expenses
Russia business exit costs
Equity income of unconsolidated subsidiaries
Segment income
Return on sales
Actual
Forecast
First
Quarter
Second
Quarter
Third
Quarter
Full
Year
$
145.8
14.6%
999.6 $ 1,064.2
190.8
17.9%
approx
approx
Up 3%-5%
Up 9% - 11%
approx
Up 8% - 10%
approx
Up 9% - 11%
2.1
1.1
approx $
approx $
3
5.5
5.2
approx
approx
11
6.6
6.3
approx
5
approx
23
(0.7)
0.5
approx
approx
6.4
1.6
approx
approx
8
5.9
-
approx
approx
6
0.5
0.4
approx
1
approx
3
172.1
205.9
approx
Up 5% - 7%
approx
Up 9% - 11%
17.2%
19.3%
Net income from continuing operations-as reported
Amortization of bridge financing fees
Adjustments to operating income
118.5
153.0
approx
$149 - $152
approx
$563 - $572
2.6
5.1
approx
1
approx
9
25.8
14.7
approx
5
approx
51
Income tax adjustments
(5.4)
(3.8)
approx
(1)
approx
(11)
Net income from continuing operations—as adjusted
$
141.5 $
169.0
approx
$154 - $157
approx
$612 - $621
Continuing earnings per ordinary share-diluted
Diluted earnings per ordinary share-as reported
Adjustments
0.71 $
0.92
approx
0.14
Diluted earnings per ordinary share-as adjusted
$
0.85 $
0.10
1.02
approx
approx
$0.90 - $0.92
0.03
$0.93 $0.95
approx
$3.40 - $3.45
approx
approx
0.30
$3.70 $3.75
15
Q2 2022 Earnings Release. 2022 Pentair. All Rights Reserved.
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