Press Releases

press releases

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IN EQUIPMENT PROTECTION

March 20, 2017

PENTAIR TO SHOWCASE ERICO, ERIFLEX, HOFFMAN AND STEINHAUER PRODUCTS AT HANNOVER MESSE 2017

Pentair, a leader in electronics, communications, electrical, and controls protection technologies, will exhibit products and capabilities from four of its product brands at HANNOVER MESSE in Hannover, Germany from April 24-28. HANNOVER MESSE is the world’s leading trade fair for industrial technology that highlights innovative solutions in core sectors ranging from industrial automation to IT to production engineering services.

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March 29, 2016

PENTAIR TO SHOWCASE CADDY, ERICO, ERIFLEX AND HOFFMAN AT MIDDLE EAST ELECTRICITY IN DUBAI

Pentair will exhibit products and capabilities from four of its brands at Middle East Electricity (MEE) hosted by the UAE Ministry of Energy. MEE is the world's leading power event featuring power generation, lighting, renewable and nuclear energy which will take place at the Dubai World Trade Center from February 14 – 16, 2017.

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July 28, 2016

Pentair Reports Second Quarter 2016 Results

Pentair today announced second quarter 2016 sales of $1.7 billion. Sales were up 4 percent compared to sales for the same period last year. Excluding the unfavorable impact of currency translation ("FX") and the positive contribution from acquisitions, core sales declined 3 percent in the second quarter.

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March 29, 2016

Pentair to showcase Erico, Eriflex, Hoffman and Steinhauer products at Hannover Messe 2016

Pentair will exhibit products and capabilities from four of its brands within the Technical Solutions business at HANNOVER MESSE in Hannover, Germany from April 25-29. HANNOVER MESSE is the world’s leading trade fair for industrial technology that highlights innovation solutions in core sectors ranging from industrial automation to IT to production engineering services.

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February 2, 2016

Pentair Reports Fourth Quarter and Full Year 2015 Results

Pentair today announced fourth quarter 2015 sales of $1.8 billion. Sales were down 2 percent compared to sales for the same period last year. Excluding the unfavorable impact of currency translation and positive contribution from acquisitions, core sales declined 4 percent in the fourth quarter. Adjusted fourth quarter 2015 earnings per diluted share from continuing operations (“EPS”) were $1.13, down 3 percent from adjusted EPS of $1.17 in the fourth quarter of last year. On a GAAP basis, excluding impairment charges, the company reported EPS of $0.51 compared to $0.70 in the fourth quarter of 2014. Amounts excluded from segment income, adjusted net income and adjusted EPS are described in the attached schedules.

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OCTOBER 20, 2015

Pentair Reports Third Quarter 2015 Results

Pentair plc (NYSE: PNR) today announced third quarter 2015 sales of $1.6 billion. Sales were down 12 percent compared to sales for the same period last year. Adjusted third quarter 2015 earnings per diluted share from continuing operations (“EPS”) were $0.97, down 13 percent from adjusted EPS of $1.11 in the third quarter of last year. On a GAAP basis, the company reported EPS of $0.63 compared to EPS of $1.00 in the third quarter of 2014. Amounts excluded from adjusted EPS, adjusted net income, adjusted operating income and segment income are described in the attached schedules.

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August 17, 2015

Pentair signs agreement to acquire Erico Global Company

Manchester, UK – Pentair plc (NYSE: PNR) announced today that it has entered into an agreement with ERICO Global Company whereby Pentair will acquire ERICO for $1.8 billion in cash, including the repayment of ERICO debt. The transaction values ERICO at approximately twelve times 2015 forecasted EBITDA.

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November 19, 2014

Pentair Announces Agreement to Purchase Steinhauer

Pentair announced it has signed an agreement to purchase Steinhauer Elektromaschinen AG, Germany, a producer of enclosure machining and related technologies. The planned acquisition will further enhance Pentair's brand of Hoffman equipment protection solutions by expanding its services capabilities to provide best-in-class tools for customers to design and select the right electrical protection solutions for their applications and automate the panel-building process.

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July 31, 2014

Pentair Reports Second Quarter 2014 Results

MANCHESTER, United Kingdom — July 31, 2014— Pentair plc (NYSE: PNR) today announced second quarter 2014 sales of $1.9 billion. Sales were down 3 percent compared to sales for the same period last year. Adjusted second quarter 2014 earnings per diluted share ("EPS") were $1.04, up 13 percent from adjusted EPS of $0.92 in the second quarter of last year. On a GAAP basis, the company reported EPS of $0.82 compared to EPS of $0.75 in the second quarter of 2013. Adjusted EPS and operating income exclude repositioning costs, acquisition and redomicile-related expenses, gain/loss on sale of a business and certain tax items.

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April 7, 2014

New Hoffman SpectraCool Slim Fit air conditioner series

The new Hoffman SpectraCool Slim Fit air conditioners have been specially designed to give effective cooling for industrial applications in an indoor environment between +10 °C and +55 °C in mechanical engineering, machine tools or automation.

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April 7, 2014

The Right Protection and Cooling for All Industrial Applications

To add to the trusted range of Hoffman cabinets and enclosures, Pentair has now integrated McLean air conditioners into the Hoffman product brand.

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November 27, 2013

Cooling solutions for the food and pharmaceuticals industries

Pentair offers the new Hoffman WCHE series of air/water heat exchangers for industrial cabinets in corrosive and harsh production environments, such as the food, drinks and pharmaceuticals industries.

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August 30, 2013

High-quality stainless steel enclosures for aggressive environmental conditions

For demanding climatic conditions and particularly aggressive industrial environments, Pentair offers a wide range of Hoffmann stainless steel cases, cabinets and accessories.

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