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PENTAIR News Release Pentair Reports Second Quarter 2021 Results • Second quarter sales of $ 941 million . • Second quarter GAAP EPS of $ 0.79 and adjusted EPS of $ 0.84 . • The company updates its full year 2021 GAAP EPS guidance to approximately $ 3.13 to $ 3.23 and on an adjusted basis to approximately $ 3.30 to $ 3.40 . Reconciliations of GAAP to Non - GAAP measures are in the attached financial tables . ― LONDON , United Kingdom July 27 , 2021 — Pentair plc ( NYSE : PNR ) today announced second quarter 2021 sales of $ 941 million . Sales were up 32 percent compared to sales for the same period last year . Excluding currency translation , acquisitions and divestitures , core sales grew 28 percent in the second quarter . Second quarter 2021 earnings per diluted share from continuing operations ( “ EPS ” ) were $ 0.79 compared to $ 0.44 in the second quarter of 2020. On an adjusted basis , the company reported EPS of $ 0.84 compared to $ 0.59 in the second quarter of 2020. Segment income , adjusted net income , free cash flow and adjusted EPS are described in the attached schedules . Second quarter 2021 operating income was $ 162 million , up 46 percent compared to operating income for the second quarter of 2020 , and return on sales ( " ROS " ) was 17.2 percent , an increase of 160 basis points when compared to the second quarter of 2020. On an adjusted basis , the company reported segment income of $ 175 million for the second quarter of 2021 , up 40 percent compared to segment income for the second quarter of 2020 , and ROS was 18.6 percent , an increase of 110 basis points when compared to the second quarter of 2020 . Consumer Solutions sales were up 44 percent compared to sales for the same period last year . Excluding currency translation , acquisitions and divestitures , core sales grew 39 percent in the second quarter . Segment income of $ 143 million was up 48 percent compared to the second quarter of 2020 , and ROS was 24.9 percent , an increase of 80 basis points when compared to the second quarter of 2020 . Industrial & Flow Technologies sales were up 17 percent compared to sales for the same period last year . Excluding currency translation , core sales grew 12 percent in the second quarter . Segment income of $ 57 million was up 29 percent compared to the second quarter of 2020 , and ROS was 15.7 percent , an increase of 160 basis points when compared to the second quarter of 2020 . Net cash provided by operating activities of continuing operations was $ 380 million compared to $ 429 million in the second quarter of 2020 and free cash flow provided by continuing operations for the quarter was $ 369 million compared to $ 417 million in the second quarter of 2020 . Net cash provided by operating activities of continuing operations in the six months ended June 30 , 2021 was $ 361 million compared to $ 267 million in the first six months of the previous year and free cash flow provided by continuing operations in the six months ended June 30 , 2021 was $ 340 million compared to $ 236 million in the first six months of the previous year . Pentair paid a regular cash dividend of $ 0.20 per share in the second quarter of 2021. Pentair previously announced on May 4 , 2021 that it will pay a regular quarterly cash dividend of $ 0.20 per share on August 6 , 2021 to shareholders of record at the close of business on July 23 , 2021. This year marks the 45th consecutive year that Pentair has increased its dividend . ( more )