IN FOCUS

Pentair plc today announced fourth quarter 2023 sales of $985 million. Sales were down 2 percent compared to sales for the same period last year. Excluding currency translation, acquisitions and divestitures, core sales declined 2 percent in the fourth quarter.

In December 2023, WILO SE successfully secured the largest financing package in its over 150-year company history. A promissory note loan (Schuldscheindarlehen) totalling 270 million euros was placed in the international capital market and a syndicated loan totalling 300 million euros was refinanced among the core banks.

According to a new report published by Allied Market Research, the submersible pumps market size was valued at $12.7 billion in 2022, and is estimated to reach $24.4 billion by 2032, growing at a CAGR of 6.9% from 2023 to 2032.

GEA Group Aktiengesellschaft will be included in the Dow Jones Sustainability World Index (DJSI World) for the first time. As of December 18, 2023, GEA is the only German company to be newly added to the DJSI World. GEA will also remain a member of the DJSI Europe for the second consecutive year.

Xylem Inc. recently reported its third-quarter results. The Company’s total revenue was $2.1 billion, with reported growth of 50 percent and organic growth of 10 percent, surpassing prior guidance, on strong commercial and operational execution and resilient demand.

The Gorman-Rupp Company (NYSE: GRC) reports financial results for the third quarter ended September 30, 2023.

Franklin Electric Co., Inc. announced its third quarter financial results for fiscal year 2023. Third quarter 2023 net sales were $538.4 million, compared to third quarter 2022 net sales of $551.7 million. Third quarter 2023 operating income was $78.1 million, compared to third quarter 2022 operating income of $80.0 million. Third quarter 2023 EPS was $1.23, versus EPS in the third quarter 2022 of $1.24.

GEA continued its positive performance of recent years in the second quarter of 2023 despite a slight decline in order intake. The key performance indicators of organic revenue, EBITDA before restructuring expenses and ROCE, again show a significant improvement compared with the prior-year quarter.

Watts Water Technologies, Inc. announced results for the second quarter of 2023.

Xylem Inc. reported second-quarter results, which include the May 24 acquisition of Evoqua Water Technologies Corp. The Company reported total revenue of $1.7 billion, with reported growth of 26 percent and organic growth of 15 percent, surpassing prior guidance, on strong commercial and operational execution.