Key Developments: Pentair Ltd (PNR)
58.81USD
17 Jun 2013
$-0.91 (-1.52%)
$59.72
$60.06
$60.14
$58.51
2,226,224
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$60.14
$36.31
Latest Key Developments (Source: Significant Developments)
Pentair Ltd Reaffirms Q2, FY 2013 EPS Guidance-Conference Call
Pentair Ltd announced that it continues to expect fiscal 2013 adjusted EPS to be between $3.10 and $3.30. For the second quarter of 2013 it expects adjusted EPS guidance of $0.88 to $0.91. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $3.22 for fiscal 2013; EPS of $0.90 for the second quarter of 2013. Full Article
Pentair Ltd Reaffirms FY 2013 Guidance; Issues Q2 2013 Guidance In Line With Analysts' Estimates
Pentair Ltd announced that it continues to expect fiscal 2013 adjusted EPS to be between $3.10 and $3.30 and anticipates fiscal 2013 sales to approximate $7.6 billion. Pentair is initiating second quarter 2013 adjusted EPS guidance of $0.88 to $0.91.and expects second quarter 2013 revenue to be approximately $1.9 billion. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $3.20 and revenue of $7.6 billion for fiscal 2013; and EPS of $0.90 and revenue of $2.0 billion for the second quarter of 2013. Full Article
Pentair Ltd Announces Quarterly Cash Dividend
Pentair Ltd announced that it will pay a regular quarterly cash dividend of $0.23 per share on May 10, 2013 to shareholders of record at the close of business on April 26, 2013. Full Article
Pentair Ltd Reaffirms FY 2013 EPS Guidance; Lowers FY 2013 Revenue Guidance; Issues Q1 2013 Guidance; EPS Guidance Below Analysts' Estimates
Pentair Ltd announced that the Company continues to expect fiscal 2013 adjusted EPS to be between $3.10 and $3.30. The Company anticipates fiscal 2013 sales to be approximately $7.6 billion. For the first quarter of 2013, it expects adjusted EPS guidance of $0.54 to $0.56 and revenue to be about $1.8 billion. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $7.7 billion and EPS of $3.23 for fiscal 2013; revenue of $1.86 billion and EPS of $0.68 for the first quarter of 2013. Full Article
Pentair Ltd Announces Quarterly Cash Dividend
Pentair Ltd announced that it will pay a regular quarterly cash dividend of $0.23 cents per share on February 8, 2013 to shareholders of record at the close of business on January 25, 2013. Pentair had previously announced on September 28, 2012 that such dividend had been authorized by its former sole shareholder. Full Article
Pentair Ltd Reaffirms FY. Q4 2012 EPS Guidance; Issues FY 2013, 2015 EPS Guidance
Pentair Ltd announced that for fiscal 2013, it expects adjusted net earnings per diluted share from continuing operations (EPS) of $3.10 to $3.30 and sales to approximate $7.7 billion, which includes low single-digit organic growth. Pentair intends to provide details on the foundation of the company's fiscal 2015 EPS goal of $5.00. GAAP EPS outlook for fiscal 2013 is $2.58-$2.78, which includes anticipated inventory step-up and backlog amortization related to the merger with Tyco's Flow Control business. The Company has also re-affirmed adjusted fourth quarter 2012 EPS guidance of $0.40 to $0.45. The Company re-affirmed fiscal 2012 adjusted EPS outlook of a range of $2.30 to $2.35, which includes the items mentioned above. GAAP EPS guidance for the fourth quarter and full year is ($0.22) to ($0.17) and $0.92 to $0.97, respectively, which include anticipated repositioning and deal-related expenses, inventory step-up and backlog amortization, specific tax benefits, and the make-whole provision relating to an early bond redemption. Full Article
Pentair Ltd Announces Pricing Of $600 Million Of Senior Notes
Pentair Ltd announced that Pentair Finance S.A., a wholly owned subsidiary of Pentair Ltd., priced $350 million of 1.350% senior notes due 2015 (the 2015 Notes) and $250 million of 2.650% senior notes due 2019 (the 2019 Notes and, together with the 2015 Notes, the notes) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, and in offshore transactions pursuant to Regulation S under the Securities Act. The 2015 Notes were priced at 99.962% and the 2019 Notes were priced at 99.765%. The notes will be unsecured and will be guaranteed as to payment of principal and interest by Pentair Ltd. The offering is expected to close on November 26, 2012. Full Article
Pentair Ltd Issues Q4 2012 EPS Guidance; Updates FY 2012 EPS Guidance
Pentair Ltd announced that it expects adjusted fourth quarter 2012 EPS guidance of $0.40 to $0.45. The Company has updated fiscal 2012 adjusted EPS outlook to a range of $2.30 to $2.35, which includes the items mentioned above. GAAP EPS guidance for the fourth quarter and fiscal 2012 is ($0.22) to ($0.17) and $0.92 to $0.97, respectively, which include repositioning and deal-related expenses, inventory step-up and backlog amortization, specific tax benefits, and the make-whole provision relating to an early bond redemption. Full Article
Pentair Ltd Completes Merger With Tyco's Flow Control Business
Pentair Ltd announced that it has completed its merger with Tyco's Flow Control business on September 28, 2012, more than doubling the revenue for Pentair. Full Article
Pentair Inc Shareholders Okay $4.6 Billion Merger With Tyco International Ltd.'s Unit-Reuters
Reuters reported that Pentair Inc's shareholders voted to approve its planned $4.6 billion merger with Tyco International Ltd.'s flow-control unit. The deal is part of a bigger, complicated break-up of Tyco, whose shareholders are expected to approve a three-way split that will create a new publicly-traded company in Tyco's security services arm ADT, while combining Tyco's commercial fire and security arms into a new, smaller Tyco. Former Tyco shareholders will own 52.5% of the new company, which will be called Pentair, and continue to trade under Pentair's 'PNR' symbol on the New York Stock Exchange. Full Article
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