02122016Fri
Last updateFri, 12 Feb 2016 5pm

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Valve Manufacturing

Pentair Reports First Quarter 2014 Results

Pentair Valves & Controls delivered first quarter 2014 sales of $535 million, down 9% versus the prior year quarter. Backlog increased 2% to $1.4 billion compared to fourth quarter 2013.

Pentair Valves & Controls delivered first quarter adjusted operating income of $62 million, up 4% compared to $59 million in the same quarter last year. First quarter adjusted operating margins increased 140 basis points to 11.5%. Price and productivity more than offset inflation during the quarter. Including repositioning and other charges, Pentair Valves & Controls reported a GAAP operating income of $52 million in the first quarter. 

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