MINNEAPOLIS, Sept 09, 2010 /PRNewswire via COMTEX/ --
Pentair, Inc. (NYSE: PNR) is hosting its Investor and Analyst Day in Minneapolis, Minnesota today from 9:30 a.m. to approximately 4:00 p.m. Eastern Daylight Time. Randall J. Hogan, Pentair chairman and chief executive officer, and other members of Pentair's senior management team will discuss the company's strategies to achieve sustainable, long-term growth.
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The company reaffirms its full year 2010 financial outlook with total company sales of approximately $2.95 billion, net earnings per diluted share from continuing operations (EPS) in the range of $1.86 to $1.96, and full year free cash flow of greater than $225 million.
A live audio webcast of the Investor and Analyst Day event can be accessed at the company's website at www.pentair.com. Presentation material will accompany the audio webcast and will be made available for viewing at the beginning of the event. The audio webcast of the event and the slide presentations will be available through the same link within approximately 24 hours of the end of the event and will remain available for one year.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
Any statements made about the company's anticipated financial results are forward-looking statements subject to risks and uncertainties such as the magnitude, timing and scope of recovery from the global economic downturn; the strength of housing and related markets; the risk that expected benefits from our recent restructuring and other cost reduction plans may not be fully realized, or may take longer to realize than expected; foreign currency effects; material inflation outpacing our productivity and pricing actions; retail, commercial and industrial demand; product introductions; and pricing and other competitive pressures, as well as other risk factors set forth in our SEC filings. Forward-looking statements included herein are made as of the date hereof, and the company undertakes no obligation to update publicly such statements to reflect subsequent events or circumstances. Actual results could differ materially from anticipated results.
ABOUT PENTAIR, INC.
Pentair (www.pentair.com) is a global diversified industrial company headquartered in Minneapolis, 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 protect sensitive electronics and the people that use them. With 2009 revenues of $2.7 billion, Pentair employs approximately 13,500 people worldwide.
Pentair Contacts:
Sara Zawoyski
Vice President, Investor Relations
Tel.: (763) 656-5575
E-mail: sara.zawoyski@pentair.com
SOURCE Pentair, Inc.