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PENTAIR News Release Pentair Reports Third Quarter 2021 Results • Third quarter sales of $ 969 million . • Third quarter GAAP EPS of $ 0.86 and adjusted EPS of $ 0.89 . • The company updates its full year 2021 GAAP EPS guidance to approximately $ 3.19 to $ 3.25 and on an adjusted basis to approximately $ 3.34 to $ 3.40 . Reconciliations of GAAP to Non - GAAP measures are in the attached financial tables . LONDON , United Kingdom October 26 , 2021 — Pentair plc ( NYSE : PNR ) today announced third quarter 2021 sales of $ 969 million . Sales were up 21 percent compared to sales for the same period last year . Excluding currency translation , acquisitions and divestitures , core sales grew 18 percent in the third quarter . Third quarter 2021 earnings per diluted share from continuing operations ( “ EPS ” ) were $ 0.86 compared to $ 0.66 in the third quarter of 2020. On an adjusted basis , the company reported EPS of $ 0.89 compared to $ 0.70 in the third quarter of 2020. Segment income , adjusted net income , free cash flow and adjusted EPS are described in the attached schedules . Third quarter 2021 operating income was $ 167 million , up 31 percent compared to operating income for the third quarter of 2020 , and return on sales ( " ROS " ) was 17.3 percent , an increase of 130 basis points when compared to the third quarter of 2020. On an adjusted basis , the company reported segment income of $ 180 million for the third quarter of 2021 , up 28 percent compared to segment income for the third quarter of 2020 , and ROS was 18.5 percent , an increase of 90 basis points when compared to the third quarter of 2020 . Consumer Solutions sales were up 30 percent compared to sales for the same period last year . Excluding currency translation , acquisitions and divestitures , core sales grew 26 percent in the third quarter . Segment income of $ 144 million was up 27 percent compared to the third quarter of 2020 , and ROS was 23.5 percent , a decrease of 70 basis points when compared to the third quarter of 2020 . Industrial & Flow Technologies sales were up 8 percent compared to sales for the same period last year . Excluding currency translation , core sales grew 8 percent in the third quarter . Segment income of $ 52 million was up 23 percent compared to the third quarter of 2020 , and ROS was 14.8 percent , an increase of 180 basis points when compared to the third quarter of 2020 . Net cash provided by operating activities of continuing operations was $ 179 million compared to $ 234 million in the third quarter of 2020 and free cash flow provided by continuing operations for the quarter was $ 165 million compared to $ 220 million in the third quarter of 2020 . Net cash provided by operating activities of continuing operations in the nine months ended September 30 , 2021 was $ 540 million compared to $ 501 million in the first nine months of the previous year and free cash flow provided by continuing operations in the nine months ended September 30 , 2021 was $ 506 million compared to $ 457 million in the first nine months of the previous year . Pentair paid a regular cash dividend of $ 0.20 per share in the third quarter of 2021. Pentair previously announced on September 21 , 2021 that it will pay a regular quarterly cash dividend of $ 0.20 per share on November 5 , 2021 to shareholders of record at the close of business on October 22 , 2021. This year marks the 45th consecutive year that Pentair has increased its dividend . ( more )