Bloomberg News

Pentair Profit Doubles After Combining Business With Tyco Unit

July 24, 2013

Pentair Ltd. (PNR:US), a maker of water filtration and pump systems, said second-quarter profit more than doubled to $154.1 million from $72.7 million a year earlier after merging in September with Tyco International Ltd.’s flow-control unit.

Revenue also doubled to $1.96 billion, buoyed by water and fluid solutions sales to residential and commercial customers and its valves business, the Schaffhausen, Switzerland-based company with its main U.S. office in Minneapolis said yesterday in a statement. The shares have climbed almost 45 percent over the past year.

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)
    • $67.9 USD
    • 0.21
    • 0.31%
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