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Pentair Increases Dividend for 33rd Consecutive Year

MINNEAPOLIS--(BUSINESS WIRE)--Directors of Pentair, Inc. (NYSE:PNR) recently approved an increase in the company’s quarterly cash dividend of one cent per share, effective with the quarterly dividend payable in

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Layoffs Update: Dec. 18th

Targanta to lay off 75 percent of staff Employees laid off at FiveRuns Corp. Piedmont Hospital halts project, will cut jobs Vanda Pharmaceuticals cuts half its staff Caterpillar plants in Clayton, Sanford to have temporary layoffs Plug Power lays off 90 Pentair cutting 1,600 jobs, 110 in MN Whitman-Walker lays off 25% GSO plant to close, cut 143 jobs Georgia-Pacific to lay off Palatka [...]

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Pentair cutting 1,600 jobs

Citing rapidly declining global economic conditions, Pentair Inc. announced it will cut approximately 1,600 jobs, or 10 percent of its work force. (PNR)

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Water-pump maker Pentair to cut 1,600 jobs

The cuts represent 10 percent of the Golden Valley company's workforce.

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Ingersoll-Rand, Pentair cut outlooks on weaker economy

To account for sharp declines in market demand, industrial manufacturers Ingersoll-Rand and Pentair lower their respective earnings forecasts, with Pentair also planning to cut about 10% of its workforce.

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WRAPUP 1-Ingersoll, Pentair cut outlooks

NEW YORK, Dec 18 (Reuters) - Ingersoll Rand and Pentair joined a growing list of industrial companies warning markets of tumbling revenues and sagging earnings as the economic slowdown slams the sector.

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Pentar cuts forecast, plans to cut workforce

NEW YORK (MarketWatch) -- Pentair Inc. on Thursday lowered its forecast for adjusted fourth-quarter earnings from continuing operations to a range of 40 cents to 42 cents a share, compared to its previous view of 52 cents to 55 cents a share. On average, analysts polled by FactSet Research expected earnings of 48 cents a share. For the full year 2008, the company expects adjusted earnings of $2.19...

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Pentair cuts forecast, plans to cut workforce

NEW YORK (MarketWatch) -- Pentair Inc. on Thursday lowered its forecast for adjusted fourth-quarter earnings from continuing operations to a range of 40 cents to 42 cents a share, compared to its previous view of 52 cents to 55 cents a share. On average, analysts polled by FactSet Research expected earnings of 48 cents a share. For the full year 2008, the company expects adjusted earnings of $2.19...

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Pentair Issues Revised Fourth Quarter Earnings Guidance

MINNEAPOLIS--(BUSINESS WIRE)--Pentair, Inc. (NYSE: PNR) today announced that it expects fourth quarter earnings per share from continuing operations (EPS) will be $0.40 to $0.42, on an adjusted basis. For the year, the

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Pentair Divests Spa and Bath Business, Further Concentrates on Pool Equipment Business

MINNEAPOLIS--(BUSINESS WIRE)--Pentair, Inc. (NYSE:PNR) today announced that it has agreed to sell its Spa and Bath business to Balboa Water Group in a cash transaction.

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Pentair to Participate in Baird's 2008 Industrial Conference

MINNEAPOLIS--(BUSINESS WIRE)--Pentair, Inc. (NYSE: PNR) Chairman and Chief Executive Officer Randall J. Hogan will present at the Baird 2008 Industrial Conference on November 11th, 2008 in

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Pentair to Participate in Goldman Sachs 2008 Global Industrials Conference

MINNEAPOLIS--(BUSINESS WIRE)--Pentair, Inc. (NYSE: PNR) Executive Vice President and Chief Financial Officer John L. Stauch will present at the Goldman Sachs 2008 Global Industrials

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Pentair Q3 drops, but forecasts growth in 2008

Pentair Inc. reported a big dip in third-quarter profits, but said that full-year 2008 numbers will be 20 percent better than 2007, despite a projected flat-earnings fourth quarter. (PNR)

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