About: Pentair is a diversified operating company headquartered in Minnesota. Its Water Group is a global leader in providing innovative products and systems used worldwide in the movement, treatment, storage and enjoyment of water. Pentair’s Technical Products Group is a leader in the global enclosures and thermal management markets, designing and manufacturing thermal management products and standard, modified, and custom enclosures that house and protect sensitive electronics and electrical components. With 2008 revenues of $3.35 billion, Pentair employs approximately 13,400 people worldwide.

Key Personnel:
Randall J. Hogan, Chairman & CEO
Louis L. Ainsworth, Senior VP, General Counsel and Secretary
Frederick S. Koury, Senior VP, Human Resources
Michael V. Shrock, President & COO
John L. Stauch, Executive VP & CFO

Flow Technologies
– provide pump and systems solutions for the water and wastewater industries.
– provide systems for the treatment and filtration of air, gas, water and other fluids.
– manufacture swimming pool and spa equipment and accessories.
Technical Products
– leader in global enclosures and thermal management markets, designing and manufacturing products and accessories to house and protect sensitive electronics and electrical components.

Pentair will be hosting an Investor and Analyst Day in New York on Thursday, 3 Sep 2009 from 10am to 3pm Eastern Time (starts about 3pm London time). We’ll try to listen to its live audio webcast on that day; so you can check it out as well.

On 16 July 2009, Pentair was awarded a $65 million contract to provide 13 of the company’s Fairbanks Morse pumps to the US Army Corps of Engineers for the Gulf Intracoastal Waterway West Closure Complex in New Orleans, La. This is the largest contract ever for Pentair and it is one of more than a dozen major flood control projects Fairbanks has won in the last several years.

In Jan 2009, Pentair increased its quarterly cash dividend of 1 cent per share, effective of first quarter of 2009. The new quarterly cash dividend rate – $0.18 per share as compared to the previous $0.17 per share – represents a 6% increase. Pentair increased its dividend for the 33rd consecutive year. Prior to that, Pentair increased its quarterly cash dividend from $0.15 per share to $0.17 per share effective first quarter of 2008, a 13% increase. Comment: I’m not sure why Pentair is trying to maintain this record of increasing dividends annually despite declining earnings since Q3 2008. Also, in Dec 2008, Pentair said it would cut about 1,600 jobs – or over 10% of its workforce – as it braces for a 15% drop in profit in 2009.

You can check out Pentair’s presentation for Piper Jaffray Clean Technology and Renewables Conference in Feb 2009 and also its latest Q2 2009 earnings presentation in Jul 2009.


pentair overview

pentair water

Source: Pentair