Pentair sales up 3 percent
Pentair announced third quarter 2014 sales of $1.8 billion, up 3 percent compared to sales for the same period last year.
The company had a loss of $186 million for the quarter, resulting from a charge of $380 million as a result of its decision to exit its Water Transport business in Australia.
"All five of our verticals contributed to growth this quarter," said Randall J. Hogan, Pentair chairman and chief executive officer.
Valves & Controls delivered third quarter 2014 sales of $613 million, flat versus the prior year quarter.
Process Technologies third quarter sales were $438 million, up 4 percent versus the prior year quarter.
Flow Technologies delivered third quarter 2014 sales of $275 million, down 2 percent versus the prior year quarter.
Technical Solutions delivered third quarter 2014 sales of $439 million, up 8 percent versus the prior year quarter.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
