Pentair Valves & Controls Reports Fourth Quarter and Full Year 2013 Results
Wednesday, January 29, 2014
Pentair Valves & Controls delivered fourth quarter adjusted operating income of $79 million, up 88% compared to $42 million in the same quarter last year. Fourth quarter 2013 adjusted operating margins increased 450 basis points to 12.2%. Price and productivity more than offset inflation during the quarter. Including re-positioning and other charges, Pentair Valves & Controls reported a GAAP operating income of $47 million in the fourth quarter. More...
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