Pentair Inc. (PNR) reported Tuesday a fourth-quarter loss of $134.1 million, or a loss of $1.36 per share, compared to last year's profit of $46.4 million, or $0.48 per share. The recent quarter's results included a goodwill impairment of $200.5 million. Adjusted earnings from continuing operations were $55.7 million, or $0.56 per share, compared to prior-year earnings from continuing operations of $48.7 million, or $0.49 per share.
Sixteen analysts polled by Thomson Reuters estimated earnings of $0.54 per share. Analysts' estimates usually exclude special items.
Net sales for the period jumped to $865.7 million from $753.9 million a year ago. The acquisition of CPT contributed 12 percent of the growth. Fourteen analysts polled by Thomson Reuters estimated revenues of $865.36 million.
Looking ahead, the company issued its first-quarter 2012 earnings guidance, with an estimate between $0.53 and $0.57 per share. Consensus of analysts' estimates currently sees earnings of $0.57 per share.
Further, the company also reaffirmed its 2012 earnings outlook in the range of $2.60 to $2.75 per share, and said it anticipates revenues between $3.7 billion and $3.8 billion. Market consensus presently expects 2012 earnings of $2.66 per share, on revenues of $3.71 billion.
Additionally, the company noted hiking the quarterly dividend by 10 percent to $0.88 per share with effect from first-quarter 2012.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.