Pentair, Inc. (NYSE:PNR) has released its outlook for 2009. The company expects its fourth quarter earnings for 2009 to show net earnings per diluted share from continuing operations within the range of $0.40 to $.044. The estimate excludes special items such as restructuring and asset impairment charges, or early debt retirement charge for bond tender. The affirmed outlook for 2009, and the introduction of the 2010 outlook may be found online at http://www.pentair.com/.
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The company discussed the outlooks during a conference call on Thursday, December 17. Joining the call was Pentair Chairman and CEO Randall Hogan, and Chief Fianncial Officer John Stauch. A webcast of the conference may be heard on the company’s website.
Pentair, Inc. (Pentair) is a diversified industrial manufacturing company consisting of two business segments: Water and Technical Products. The Company’s Water Group is engaged in providing products and systems used worldwide in the movement, storage, treatment and enjoyment of water. Pentair’s Technical Products Group is engaged in the global enclosures and thermal management markets, designing and manufacturing standard, modified and custom enclosures that house and protect electronics and electrical components; thermal management products, and accessories. On December 15, 2008, Pentair sold its Spa and Bath (Spa/Bath) business to Balboa Water Group. On February 28, 2008, Pentair sold its National Pool Tile (NPT) business unit to Pool Corporation.
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