Pentair Sales Up 1% in 3Q17 - Modern Distribution Management

Pentair Sales Up 1% in 3Q17

Year-to-date sales down slightly.

Pentair plc (NYSE:PNR) reported third-quarter 2017 sales of $1.2 billion, up 1 percent from last year. Core sales were down 1 percent. Profit was $125 million.

"We delivered strong margin expansion and earnings growth in the third quarter, led once again by strength in our Residential, Commercial, and short-cycle Industrial businesses," said Randall J. Hogan, Pentair CEO.

Year-to-date sales were $3.67 billion, down from $3.7 billion in the same period last year. Profit was $476 million.

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