Valve Magazine

Sat08012015

Last updateFri, 31 Jul 2015 10am

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Valve Manufacturing

Pentair Valves & Controls Reports Third Quarter 2013 Results

Pentair Valves & Controls delivered third quarter 2013 sales of $612M, down 1% versus the prior year quarter. Backlog declined 1% to $1.4B compared to second quarter 2013. Third quarter adjusted operating income was $80M, up 15% compared to $70M in the same quarter last year.

Third quarter 2013 adjusted operating margins increased 190 basis points to 13.1%. Price and productivity more than offset inflation during the quarter. Including repositioning and other charges, Pentair Valves & Controls reported a GAAP operating income of $77M in the third quarter. 

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