Pentair PLC (NYSE: PNR) stock lost over 34.4% on May 1st, 2018 (as of  2:31 PM GMT-4; Source: Google finance). nVent Electric plc finished its separation from Pentair and its launch as an independent, publicly traded company. nVent sees this as a major milestone in becoming a more focused, global leader in providing electrical connection and protection solutions to customers around the world. This separation led to PNR stock fall. On the other side, for the first quarter of 2018, Segment income rose 13% yoy to $211 million while adjusted EPS surged 35% of $0.88 per share against the comparable period a year ago. The reported a core sales growth of 4% with all three of their businesses contributing. Return on sales showed solid expansion of 180 basis points to 16%. However, for the full year of 2018, the group has narrowed their guidance to core sales growth of 3% to 4%, ROS expansion of over 50 basis points to 18% and adjusted EPS is currently forecasted to be $2.25 to $2.30 given their strong start to the year. Core sales rose 4% during the first quarter of 2018 driven by Aquatic Systems which rose 8%, Filtration Solutions core sales surged 4% while Flow Technologies core sales enhanced 2%. Segment income rose  21%. Return on sales expanded to 180 basis points to 16%. Core residential and commercial offerings showed strength, but the group saw stabilization in their industrial businesses. Segment income in ROS showed a positive start. Despite more inflation headwinds, top line growth and productivity indicates a healthy ROS expansion. The group intend to accelerate investments and efforts in both digital transformation and technology innovation, focused on the end consumer to accelerate these three prioritized growth strategies. Going forward, two major areas that they identified are expanding their aftermarket product offering and boosting their position in a fast growing automation space. There are roughly 5 million in ground pools in the U.S. and the aftermarket and upgrade market continues to make up nearly 80% to 85% of all pool product equipment sold and used by pool owners. The group sees solid opportunity to grow both base content as well as upgrades.

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