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Pentair plc's 2023 10-K reveals resilient performance. Net sales hit 4 point 1 billion dollars despite volume declines, driven by pricing and acquisitions like Manitowoc Ice. Gross margins expanded to 37 percent. Operating income rose 24 percent to 739 million dollars. Net income increased to 623 million dollars. The Transformation Program cut costs, but inflation and residential softness persist. Strong liquidity supports dividends and debt reduction to 1 point 8 times leverage. Risks include competition, supply chains, and geopolitical tensions.

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