What does water quality systems — restructuring charges mean?

The total cash and non-cash costs incurred to reorganize or downsize the Water Quality Systems segment.

How do you interpret water quality systems — restructuring charges?

High charges indicate significant organizational change, which may lead to future margin improvements once the restructuring is complete.

How does water quality systems — restructuring charges compare across companies?

Standard operating expense disclosure for companies undergoing transformation or cost-reduction programs.

Pentair PNR Water Quality Systems — Restructuring Charges

Discontinued — last reported Q4 '16

Similar metrics at other companies

ZWSWater Management Segment — Total restructuring and other similar costs

$300K-66.7%

XYLWater Solutions and Services — Restructuring costs, net

$22M+450%

XYLApplied Water — Restructuring Charges

$3M+200%

XYLWater Solutions and Services — Restructuring costs

$1M-75.0%

XYLWater Infrastructure — Restructuring costs

$26M+100%

XYLWater Solutions and Services — Asset Impairment and Restructuring Charges

$2.25M-69.0%

Other financials

Income statement

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Revenue$1.0B+2.6%

Gross profit$433.4M+7.5%

Operating income$210.0M+3.4%

Net income$172.4M+11.3%

EPS (diluted)$1.05+12.9%

Balance sheet

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Cash & equivalents$67.7M-51.8%

Total debt$2.7B+36.0%

Total equity$3.8B+4.9%

Total assets$7.1B+4.8%

Cash flow

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Operating cash flow-$67.4M-73.3%

CapEx$18.5M+10.1%

Free cash flow-$85.9M-54.2%

Valuation

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Market cap$12.01B-2.5%

Enterprise value$14.6B+2.6%

P/E17.9×-1.1×

P/S2.9×-0.2×

Profitability

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Gross margin40.9%+1.4pp

Operating margin20.6%+0.3pp

Net margin16%+0.1pp

FCF margin17%-1.7pp

Returns & leverage

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Return on equity18%-0.6pp

Debt / equity0.7×+0.2×

Current ratio1.9×0.0×

Where this comes from

Reported directly by Pentair in its filing.

Tagged under the XBRL concept us-gaap:RestructuringCharges.

The official record: Pentair’s 10-K, filed February 21, 2017, on SEC EDGAR. View the filing →

Questions, answered.

What does water quality systems — restructuring charges mean?: The total cash and non-cash costs incurred to reorganize or downsize the Water Quality Systems segment.
How do you interpret water quality systems — restructuring charges?: High charges indicate significant organizational change, which may lead to future margin improvements once the restructuring is complete.
How does water quality systems — restructuring charges compare across companies?: Standard operating expense disclosure for companies undergoing transformation or cost-reduction programs.