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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