Cover and table of contents

7K characters. Original on sec.gov · Markdown

Cover and table of contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☑QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the Quarterly Period Ended March 31, 2023

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission file number: 001-11625

pentairlogo001a15.jpg

Pentair plc

(Exact name of Registrant as specified in its charter)

Ireland98-1141328
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
Regal House, 70 London Road,Twickenham,London,TW13QSUnited Kingdom
(Address of principal executive offices)

Registrant’s telephone number, including area code: 44-74-9421-6154

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Ordinary Shares, nominal value $0.01 per sharePNRNew York Stock Exchange

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days. Yes ☑ No ☐

Indicate by check mark whether the registrant has submitted electronically, every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☑ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☑Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☑

On March 31, 2023, 164,950,305 shares of Registrant’s common stock were outstanding.

Pentair plc and Subsidiaries

Page
PART I FINANCIAL INFORMATION
ITEM 1.Financial Statements (unaudited)
Condensed Consolidated Statements of Operations and Comprehensive Income3
Condensed Consolidated Balance Sheets4
Condensed Consolidated Statements of Cash Flows5
Condensed Consolidated Statements of Changes in Equity6
Notes to Condensed Consolidated Financial Statements7
ITEM 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations22
ITEM 3.Quantitative and Qualitative Disclosures about Market Risk34
ITEM 4.Controls and Procedures35
PART II OTHER INFORMATION
ITEM 1.Legal Proceedings35
ITEM 1A.Risk Factors35
ITEM 2.Unregistered Sales of Equity Securities and Use of Proceeds36
ITEM 6.Exhibits37
Signatures38

PART I FINANCIAL INFORMATION

Next: Item 1. FINANCIAL STATEMENTS