$PNR (Pentair plc)

$PNR {{ '2016-02-02T16:34:12+0000' | timeago}} • Webcast

$PNR's 4Q15 core sales fell 4%, a modest improvement from the 5% decline in 3Q15. Valves & Control core sales were slightly better than the forecast and the rate of declined had stabilized in the mid-teens. Water Quality Systems delivered 7% growth in core sales, while Technical Solutions core sales were flat.

$PNR {{ '2017-05-26T11:33:27+0000' | timeago}} • Announcement

$PNR said certain of its subsidiaries have determined the Reference Yield and Total Consideration for the previously announced cash tender offer for certain series of outstanding notes for an aggregate purchase price of up to $1.75Bil, plus accrued and unpaid interest on the Notes.

$LXFR {{ '2017-05-24T12:12:20+0000' | timeago}} • Announcement

$LXFR appointed Alok Maskara to its BoD at its Annual General Meeting on May 23, 2017. Maskara will become CEO of the Group mid-year, succeeding Brian Purves, who is retiring after 15 years as CEO. Until recently, Mr. Maskara was president of the Technical Solutions global business segment of $PNR.

$PNR {{ '2017-05-09T14:59:43+0000' | timeago}} • Announcement

$PNR announced plan to separate into two public companies. Upon separation, $PNR's CFO John Stauch will become Water's CEO and Karl Frykman, the current President of $PNR's Water segment, will become Water's COO. Beth Wozniak, the current President of $PNR's Electrical segment, will become CEO of Electrical.

$PNR {{ '2017-05-09T14:56:17+0000' | timeago}} • Announcement

$PNR said the transaction will create a global water company, which will retain the Pentair name and ticker symbol, and a high-performance electrical company, which will be named at a later date. The separation is expected to occur through a tax-free spin-off of Electrical by $PNR to its shareholders. $PNR expects to close separation in 2Q18.

$PNR {{ '2017-05-09T14:51:22+0000' | timeago}} • Announcement

$PNR's BoD unanimously approved a plan to separate into two independent, publicly-traded companies. Both companies will benefit from positions in their respective industries, well-recognized brands, attractive margin profiles, strong free cash flow generation and compelling growth opportunities.

$PNR {{ '2017-05-01T11:46:24+0000' | timeago}} • Announcement

$PNR has completed the sale of its Valves & Controls business to Emerson Electric Co. $EMR for $3.15Bil, subject to customary working capital adjustments.

$EMR {{ '2017-05-01T10:56:38+0000' | timeago}} • Announcement

$EMR closed purchase of the Valves & Controls business from $PNR for $3.15Bil. The business will be integrated into $EMR's Automation Solutions platform.

$PNR {{ '2017-04-25T12:13:18+0000' | timeago}} • Announcement

$PNR expects its 2Q17 GAAP EPS to be in the range of $0.87-0.89 and adjusted EPS to be in the range of $0.97-0.99, up approx. 11%. Revenue is expected to be approx. $1.24Bil during 2Q17.

$PNR {{ '2017-04-25T12:09:34+0000' | timeago}} • Announcement

$PNR expects its FY17 GAAP EPS to be in the range of $2.95-43.05. The company maintains its adjusted EPS range of $3.45-3.55. Net sales is expected to be $4.8Bil during FY17.

$PNR {{ '2017-04-25T12:07:02+0000' | timeago}} • Announcement

Diversified industrial maker $PNR reported 18.2% drop in its 1Q17 earnings to $87.8MM, or $0.48 per share, compared to $107.4MM, or $0.59 per share during 1Q16. Net sales decreased marginally by 1% to $1.2Bil. Excluding items, $PNR earned $0.65 per share.

$PNR {{ '2017-02-22T12:57:56+0000' | timeago}} • Announcement

$PNR BoD declared a regular quarterly cash dividend of $0.345 per share, payable on May 5, 2017 to shareholders of record as at the close of business on April 21, 2017.

$PNR {{ '2017-01-31T18:39:09+0000' | timeago}} • Webcast

$PNR said that the sale of its Valves & Controls business remains on track to close in early 2017. The company said it continues to make good progress on aligning its cost structure, as well as repositioning the company with the divestiture of the Valves & Controls business.

$PNR {{ '2017-01-31T14:39:09+0000' | timeago}} • Announcement

$PNR expects 1Q17 EPS of about $0.50 and adjusted EPS of about $0.61, about flat on an adjusted basis versus last year. The company expects 1Q17 revenue to be about $1.14Bil, which would be down about 4% on a reported and core basis compared to 1Q16 revenue.

$PNR {{ '2017-01-31T14:37:23+0000' | timeago}} • Announcement

$PNR expects 2017 EPS of $3.03-3.13 and adjusted EPS of $3.45-3.55. The company predicts 2017 sales of $4.7Bil, or down about 3% on a reported  basis and down about 3% on a core basis. $PNR expects to deliver full year free cash flow of about 100% of adjusted net income.

$PNR {{ '2017-01-31T14:35:56+0000' | timeago}} • Announcement

$PNR swung to a 4Q16 profit from a loss last year, driven by lower income tax and last year's loss from discontinued operations. Net income was $131MM or $0.71 per share compared to a loss of $453.3MM or $2.52 per share last year. Sales fell to $1.19Bil from $1.29Bil. Adjusted EPS dropped to $0.78 from $0.88.

$PNR {{ '2016-12-06T14:38:08+0000' | timeago}} • Announcement

$PNR's BoD approved a 3% increase in regular annual cash dividend rate for 2017 to $1.38 per share from $1.34 per share paid in 2016. The BoD declared a regular quarterly cash dividend of $0.345 per share, payable on Feb. 10, 2017 to shareholders of record on Jan. 27, 2017.

$PNR {{ '2016-10-25T19:10:41+0000' | timeago}} • Webcast

Commenting on the pricing dynamics, $PNR said there is no dramatic change in the pricing environment. The company expects to see some pricing leverage with a little bit increase in rates and inflation.

$PNR {{ '2016-10-25T18:43:56+0000' | timeago}} • Webcast

$PNR expects core sales to decline 1% for FY16. Water Quality Systems' sales are expected to grow about 4%, Flow & Filtration Solutions' sales to decline 4% and Technical Solutions' core sales to be down 2%, the company said.

$PNR {{ '2016-10-25T18:35:43+0000' | timeago}} • Webcast

$PNR said its agreement with Emerson to sell its Valves & Controls business is on track. The deal is expected to close at 2016 end or early 2017, subject to regulatory approvals.

$PNR {{ '2016-10-25T14:14:10+0000' | timeago}} • Announcement

For 4Q16, $PNR expects earnings per share of approx. $0.63 on a reported basis and $0.73 on an adjusted basis. The company expects 4Q16 revenue to be down about 6% to $1.22Bil on both reported and core basis.

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