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Pentair, Donaldson look for pricing to wash away supply chain cost inflation

Earnings 667 Industrials - Capital Goods 559 Quote Watch 438 U.S. 5200

Pentair reported 31.9% year over year revenue growth in Q2’21 despite significant supply chain challenges. U.S. seaborne imports linked to the firm rose by just 12.0% year over year, including a 5.1% increase in imports of pumps, centrifuges and taps. More challenges are expected with the firm’s CEO, John Stauch, noting their “forecast reflects our expectations that material shortages and inflation are not going away nor will they improve materially.” The main strategic reaction has been price increases, pursued by both Pentair and fellow pump system importer Donaldson. The latter’s CFO,...

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