Posted April 24, 2019

Pentair sales decline 6 percent

Pentair plc announced first quarter 2019 sales of $689 million, down 6 percent compared to $733 million in the same period last year.

Excluding currency translation, acquisitions and divestitures, core sales declined 4 percent in the quarter. Net income of $51.3 million, or 30 cents per diluted share, compared to $102.9 million, or 32 cents, in the first quarter of 2018. The 2018 results included $44.5 million in earnings from discontinued operations.

Sales in the Filtration Solutions segment of $239.3 million declined 4.9 percent from $251.6 million in the same quarter last year. 

Flow Technologies segment sales of $228.7 million declined 4.8 percent from $240.3 million in the same period of 2018.