Request-Q111_Earnings_Charts

Request-Q111_Earnings_Charts - Q1 2011 Earnings Release...

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Q1 2011 Earnings Release April 26, 2011 Any statements made about the company’s and CPT’s anticipated financial results are forward-looking statements subject to risks and uncertainties such as the company’s ability to close the CPT acquisition on anticipated terms and schedule, including the ability to obtain regulatory approval of the acquisition; the company’s ability to integrate the CPT acquisition successfully; increased risks associated with operating foreign businesses; the magnitude, timing and scope of recovery om the global economic downturn; the strength of housing and related markets; foreign currency effects; material inflation from the global economic downturn; the strength of housing and related markets; foreign currency effects; material inflation outpacing our productivity and pricing actions; retail, commercial and industrial demand; product introductions; pricing and other competitive pressures; and the company’s ability to achieve its long-term strategic operating goals, 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. ctual results could differ materially from anticipated results. 1 Actual results could differ materially from anticipated results.
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Q1’11 Pentair Results* Q1 Financial Highlights Sales up 12% … up 11% ex-FX ater up 8% Q1’11 Q1’10 Sales $790M $707M Adj. Op Income Increased 38% ± Water up 8% ± Technical Products up 20% Op Income (Reported) $86M $64M Op Income (Adjusted) $88M $64M ROS (Adjusted) 11.1% 9.0% Adj. Op Margins 11.1% … Up 210 bps ± Volume 2.6 pts. ± Price/Productivity 2.2 pts. ± Inflation (2.7)pts. ummary EPS (Reported) $0.51 $0.35 EPS (Adjusted) $0.52 $0.35 ± Double Digit Top-Line and Profit Growth ± Investments Yielding Positive Results, novation Strong Adj. EPS of $0.52 Up 49% from Prior Year ± Tax Rate of 32.5% ± Interest Flat YOY Summary Innovation Strong ± Fast Growth Markets Revenue Up 18% ± Segment Margins Up 260 bps…Solid Execution of Productivity Initiatives Q1 Free Cash Flow of ($61M) ± Normal Seasonality and Timing ± n Track to Deliver FCF >$240M 2 Double Digit Growth Plus Margin Expansion … Great Start to 2011 y Oa c t o e e C $ 0 *2010 Results From Continuing Operations
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Q1’11 Water Performance Q1 Sales Q1 Operating Income $11M $15 M $42M $478M $515M $3M $2M $32M _____ $0M _____ $57M $2M $ ($13M) Margins 11.0% 8% YOY Sales Highlights Operating Margins / Productivity +0pts +7pts +0pts +1pt +8pts YOY 8.8% 1.6% (2.7%) 0.4% 2.9% 11.0% ROS Q1’10 Prod./ FX Infl. Volume Q1’11 Q1’10 Volume Net Price FX Q1’11 Acq. Net Price Sales Up 8% … 7% ex-FX ± Residential Flow GBU: Up 6% ± Pool GBU: Up 15% Operating Margins 11.0%, Up 220 bps ± Growth Plus Productivity Yielding Meaningful Margin Expansion ± Residential Filtration GBU: Up 3% ± Engineered Flow GBU: Up 4% ± Filtration Solutions GBU: Up 10% ± Innovation, Global Expansion Driving Growth in Residential ± Pricing in Place; Expect Higher Realization in Q2 3 Global Expansion & Innovation Fueling Top Line Growth
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Request-Q111_Earnings_Charts - Q1 2011 Earnings Release...

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