Posted July 25, 2018

Pentair sales increased 4 percent

Pentair announced second quarter 2018 sales of $781 million, up 4 percent compared to sales of $754 million for the same period last year. 

Net income of $41.5 million, or 23 cents per share, compared to income of $263.7 million, or $1.43, in last year's second quarter. 

The company completed the previously announced spin-off of its Electrical business, nVent Electric plc, to its shareholders on April 30.