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Water treatment and storage manufacturer Pentair (PNR -1%) dips after its Q4 swings to a loss on...
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Tuesday, January 31, 2012, 1:19 PM ETWater treatment and storage manufacturer Pentair (PNR -1%) dips after its Q4 swings to a loss on a $200M goodwill write-down. Revenue at its water segment actually grew on a 15% Y/Y jump in net sales, boosted by its recent acquisition of Clean Process Technologies, but the company warns of higher costs and softer-than-expected sales weakening its bottom line in future quarters.
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