Pentair Inc. (PNR, Financial) filed Quarterly Report for the period ended 2010-07-03.
Pentair Inc. has a market cap of $3.35 billion; its shares were traded at around $34 with a P/E ratio of 21 and P/S ratio of 1.3. The dividend yield of Pentair Inc. stocks is 2.2%. Pentair Inc. had an annual average earning growth of 3.8% over the past 10 years.PNR is in the portfolios of Bill Frels of Mairs & Power Inc. , Columbia Wanger of Columbia Wanger Asset Management, Steven Cohen of SAC Capital Advisors, Manning & Napier Advisors, Inc, Kenneth Fisher of Fisher Asset Management, LLC.
At the same time, we provided earnings guidance for the third quarter and full year 2010. We anticipate that third quarter sales growth will be greater than 10%, compared to the prior year quarter and reported earnings per share on a diluted basis will range from $0.49 to $0.52 in the third quarter.
On February 2, 2010, we initiated earnings guidance for the full year 2010 of a range of $1.75 to $1.90 per share on a diluted basis, which we adjusted on July 29, 2010 to $1.86 to $1.96 per share on a diluted basis. We are cautiously optimistic about our end markets both in the United States and in the Asia Pacific region, for the balance of 2010. As noted above, however, a deterioration in general economic conditions in our primary markets and geographies would adversely impact our anticipated annual revenues and financial performance.
Our full year 2010 outlook is based on several variables. First, our guidance anticipates revenue gains in our businesses as a whole of approximately 10% as a result of improvements in overall market conditions, as well as the benefit from our growth initiatives, which we expect to bring our total revenue to approximately $2.95 billion for the full year. Second, based upon that revenue expectation, we project net earnings of $1.86 to $1.96 per share as a result of higher operating margins due to carryover of productivity gains from our restructuring projects in 2009 and ongoing productivity, offset somewhat by higher costs for certain raw materials, reinstatement of certain employee benefits and wage increases and higher spending on research and development, and sales and marketing resources. Third, we believe we should experience some reduction in interest expense as a result of lower borrowing levels and continuing low interest rates.
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Pentair Inc. has a market cap of $3.35 billion; its shares were traded at around $34 with a P/E ratio of 21 and P/S ratio of 1.3. The dividend yield of Pentair Inc. stocks is 2.2%. Pentair Inc. had an annual average earning growth of 3.8% over the past 10 years.PNR is in the portfolios of Bill Frels of Mairs & Power Inc. , Columbia Wanger of Columbia Wanger Asset Management, Steven Cohen of SAC Capital Advisors, Manning & Napier Advisors, Inc, Kenneth Fisher of Fisher Asset Management, LLC.
Highlight of Business Operations:
Our Water Group has progressively become a more important part of our business portfolio with sales increasing from approximately $125 million in 1995 to approximately $1.8 billion in 2009. We believe the water industry is structurally attractive as a result of a growing demand for clean water and the large global market size (of which we have identified a target market totaling $60 billion). Our vision is to be a leading global provider of innovative products and systems used in the movement, storage, treatment and enjoyment of water.At the same time, we provided earnings guidance for the third quarter and full year 2010. We anticipate that third quarter sales growth will be greater than 10%, compared to the prior year quarter and reported earnings per share on a diluted basis will range from $0.49 to $0.52 in the third quarter.
On February 2, 2010, we initiated earnings guidance for the full year 2010 of a range of $1.75 to $1.90 per share on a diluted basis, which we adjusted on July 29, 2010 to $1.86 to $1.96 per share on a diluted basis. We are cautiously optimistic about our end markets both in the United States and in the Asia Pacific region, for the balance of 2010. As noted above, however, a deterioration in general economic conditions in our primary markets and geographies would adversely impact our anticipated annual revenues and financial performance.
Our full year 2010 outlook is based on several variables. First, our guidance anticipates revenue gains in our businesses as a whole of approximately 10% as a result of improvements in overall market conditions, as well as the benefit from our growth initiatives, which we expect to bring our total revenue to approximately $2.95 billion for the full year. Second, based upon that revenue expectation, we project net earnings of $1.86 to $1.96 per share as a result of higher operating margins due to carryover of productivity gains from our restructuring projects in 2009 and ongoing productivity, offset somewhat by higher costs for certain raw materials, reinstatement of certain employee benefits and wage increases and higher spending on research and development, and sales and marketing resources. Third, we believe we should experience some reduction in interest expense as a result of lower borrowing levels and continuing low interest rates.
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