Pentair´s Second Quarter EPS Meets Expectations, Rising 38% Above First Quarter 2001 EPS; Cash Flow at Record Levels in First Half of 2001

27.07.2001

ST. PAUL, Minn., July 20 /PRNewswire/ -- Pentair, Inc. (NYSE: PNR) announced today that increased cost controls and other operating efficiencies enabled the company to deliver second quarter 2001 earnings per share (EPS) of $0.58, in line with analysts' estimates and 38 percent above first quarter 2001 EPS of $0.42. Pentair's free cash flow for the second quarter totaled $106.4 million, bringing total free cash flow for the first half of 2001 to $53.4 million, a nearly $100 million improvement from the first six months last year and representing 109 percent conversion of year-to-date 2001 net income.

Source: Pentair plc.

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