Pentair plc (NYSE:PNR) Q4 2022 Earnings Call Transcript

John Stauch: Yes. I think it’s really the result of the significant growth in ’20 and ’21 and first half of ’22 that the industry saw. And if you think about a more normalized growth, it would suggest that key items like heaters and lighting were probably pulled into those earlier years. And that is probably challenging the aftermarket assumptions. Now all of that’s great, because we’re adding to content in existing pools and there will be some replacement of those products down the road. So, I think long-term trajectories are fine. We just think that some of the demand was pulled into the earlier years.

Operator: This concludes our question-and-answer session. I would like to turn the conference back over to John Stauch, President and Chief Executive Officer, for closing remarks.

John Stauch: Thank you, and thank you for joining us today. We’re excited about the future Pentair and focused on creating a better world for people on the planet through smart sustainable water solutions. Our focus on driving superior shareholder value is fueled by our mission to help the world sustainably move, improve and enjoy water, life’s most essential resource. Kate, you may conclude the call.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.