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Pentair Inc. Reports Operating Results (10-Q)

Oct 26, 2011 | About:
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10qk

Pentair Inc. (PNR) filed Quarterly Report for the period ended 2011-10-01.

Pentair Inc. has a market cap of $3.7 billion; its shares were traded at around $37.48 with a P/E ratio of 16.2 and P/S ratio of 1.2. The dividend yield of Pentair Inc. stocks is 2.1%. Pentair Inc. had an annual average earning growth of 4.1% over the past 10 years.


This is the annual revenues and earnings per share of PNR over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of PNR.


Highlight of Business Operations:

Additionally, during the first nine months of 2011, we completed other small acquisitions with purchase prices totaling $4.6 million, consisting of $2.9 million in cash and $1.7 million as a note payable, adding to our Water Group. Total goodwill recorded as part of the purchase price allocation was $4.3 million, none of which is tax deductible.

Capital expenditures in the first nine months of 2011 were $53.1 million compared with $43.0 million in the prior year period. We currently anticipate capital expenditures for fiscal 2011 will be approximately $70 million, primarily for capacity expansions in our key growth markets, new product development and replacement equipment.

Additionally, during the first nine months of 2011, we completed other small acquisitions with purchase prices totaling $4.6 million, consisting of $2.9 million in cash and $1.7 million as a note payable, adding to our Water Group.

Dividends paid in the first nine months of 2011 were $59.7 million, or $0.60 per common share, compared with $56.6 million, or $0.57 per common share, in the prior year period. We have increased dividends every year for the last 35 years and expect to continue paying dividends on a quarterly basis.

The total gross liability for uncertain tax positions was $24.6 million, $24.3 million and $24.6 million at October 1, 2011, December 31, 2010 and October 2, 2010, respectively. We are not able to reasonably estimate the amount by which the estimate will increase or decrease over time; however, at this time, we do not expect a significant payment related to these obligations within the next twelve months.

Read the The complete Report

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