Bloomberg News

Water Filtration Company Pentair Advances After Earnings Results

April 24, 2013

Pentair Ltd. (PNR:US), a maker of water filtration systems and industrial pumps, climbed for a second day in New York trading after reporting first-quarter sales of almost $1.8 billion.

Pentair rose as much as 3.4 percent to $54.49 after surging 5.8 percent yesterday when the company said it expects revenue of $1.9 billion next quarter. It confirmed 2013 adjusted earnings per share guidance of $3.10 to $3.30 and said water and fluid solutions sales in the first quarter rose 5 percent to $782 million from the year-earlier period.

Pentair, whose shares have risen 11 percent this year, was formed by the 2012 merger of Pentair Inc. with Tyco International Ltd. (TYC:US)’s flow-control unit.

To contact the reporter on this story: Randall Hackley in London at rhackley@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net


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Companies Mentioned

  • PNR
    (Pentair PLC)
    • $68.64 USD
    • -0.05
    • -0.07%
  • TYC
    (Tyco International Ltd)
    • $44.54 USD
    • 0.15
    • 0.34%
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