More on Pentair's Q2

Net income of $161.5 vs. $154.1 a year ago.

Net sales decreased slightly to $1.91B from $1.96B in the prior year.

Free cash flow of $384M in the quarter leads Pentair to expect full year free cash flow greater than 110% of net income.

The company updates 2014 adjusted EPS guidance to a range of $3.65-$3.70 from a range of $3.85-$4.00 partly due to the board of director's decision to exit Pentair's water transport business in Australia.

Q2 earnings

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