- Published on Thursday, 24 October 2013 20:23
- Written by Chris Guy
Pentair Valves & Controls delivered third quarter 2013 sales of $612M, down 1% versus the prior year quarter. Backlog declined 1% to $1.4B compared to second quarter 2013. Third quarter adjusted operating income was $80M, up 15% compared to $70M in the same quarter last year.
Third quarter 2013 adjusted operating margins increased 190 basis points to 13.1%. Price and productivity more than offset inflation during the quarter. Including repositioning and other charges, Pentair Valves & Controls reported a GAAP operating income of $77M in the third quarter.