NEW YORK, Sept. 14, 2011 /PRNewswire/ -- Pentair, Inc. (NYSE: PNR) is hosting its Investor and Analyst Day in New York today where 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, including 2015 financial goals.
In advance of the meeting, the company reaffirmed its full year 2011 financial outlook of approximately $3.5 billion in sales and reported net earnings per diluted share from continuing operations (EPS) in the range of $2.27 to $2.35, including approximately $0.15 of CPT related acquisition costs. Excluding these costs, the company is reaffirming its full year 2011 adjusted EPS of $2.42 to $2.50 and full year free cash flow of greater than $250 million.
A live audio webcast of the Investor and Analyst Day event will be available at the company's website at www.pentair.com from 8:30 a.m. to 12:30 p.m. Eastern Daylight Time. 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. The in-person event is by invitation only.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
Any statements made about the company's anticipated financial results and 2015 financial outlook, targets, goals and estimates are forward-looking statements subject to risks and uncertainties such as the company's ability to integrate the CPT acquisition successfully; the magnitude, timing and scope of recovery 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; increased risks associated with operating foreign businesses; product introductions; pricing and other competitive pressures; and the company's ability to achieve its long-term strategic operating outlook, targets, goals and estimates, as well as other risk factors set forth in our SEC filings. All 2015 financial outlook, targets, goals and estimates are based in part on certain assumptions we make, some of which are referred to in, or as part of, the forward-looking statements. We cannot provide any assurance that the assumptions referred to in the forward-looking statements or otherwise are accurate or will prove to have been correct. Any assumptions that are inaccurate or do not prove to be correct could have a material adverse effect on our ability to achieve the results that the forward-looking statements contemplate. 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 2010 revenues of $3.0 billion, Pentair employs over 15,000 people worldwide
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SOURCE Pentair, Inc.