PIO

NASDAQ

Invesco Global Water ETF

Sectorn/aIndustryn/aIPOn/a

$46.22-0.61 (-1.30%)

News1/Ratings0

The investment seeks to track the investment results (before fees and expenses) of the Nasdaq OMX Global Water IndexSM (the "underlying index"). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index, as well as ADRs and GDRs that are based on the securities in the underlying index. The underlying index is comprised of securities of global exchange-listed companies located in the United States, as well as developed and emerging markets throughout the world, that create products designed to conserve and purify water for homes, businesses and industries. It is non-diversified.

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639dNEWS
Pentair Navigates Economic Headwinds, Posts Q2 Earnings Beat, Updates Outlook & More
Pentair plc (NYSE:PNR) reported a second-quarter 2024 net sales rose 2% Y/Y to $1.099 billion, marginally beating the consensus of $1.095 billion. Excluding currency translation, acquisitions and divestitures, core sales grew 2% in the second quarter. The gross margin expanded to 39.8% from 36.9% a year ago. Operating income rose 19% YoY to $248 million, and the operating margin expanded 330 basis points Y/Y to 22.6%. On an adjusted basis, the operating margin increased by 310 basis points to 24.7% in the quarter. Flow sales decreased by 4% YoY to $396.8 million, Segment income of $84.4 million (+13% Y/Y), and the operating margin was 21.3%, an increase of 310 bps Y/Y. Water Solu