Pentair (PNR) Tops Q3 EPS by 2c; Tightens FY15 EPS Outlook
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Pentair Reports Third Quarter 2015 Results
October 20, 2015 7:01 AM EDTÂ
·        Third quarter sales of $1.6 billion. Total sales declined 12 percent consisting of a 5 percent decline in core sales and FX translation impact of negative 7 percent.
·        Adjusted EPS decreased 13 percent to $0.97 and adjusted operating margins declined 70 basis points to 16.1 percent compared to third quarter 2014 adjusted results.
·        Free cash flow was $176 million in the quarter and the company expects to deliver full year free cash flow equal to approximately 100 percent of adjusted net income.
·        Beginning last quarter, Pentair started excluding non-cash... More
Pentair Reports Third Quarter 2015 Results
October 20, 2015 7:01 AM EDTÂ
·        Third quarter sales of $1.6 billion. Total sales declined 12 percent consisting of a 5 percent decline in core sales and FX translation impact of negative 7 percent.
·        Adjusted EPS decreased 13 percent to $0.97 and adjusted operating margins declined 70 basis points to 16.1 percent compared to third quarter 2014 adjusted results.
·        Free cash flow was $176 million in the quarter and the company expects to deliver full year free cash flow equal to approximately 100 percent of adjusted net income.
·        Beginning last quarter, Pentair started excluding non-cash... More
