- Net income from continuing operations of $118.2M, or $0.65 per diluted share vs. $125.5M, or $0.63 per share, in the first quarter of 2014.
- Free cash flow of $159M during the quarter. Pentair (PNR -2.4%) expects to deliver full year free cash flow greater than 120% of net income.
- Revenue by segment: Valves & Controls -19%; Flow & Filtration Solutions -13%; Water Quality Systems +1%; Technical Solutions -5%.
- The company lowered its full year 2015 adjusted EPS guidance to approximately $3.80, on sales of $6.5B, from a range of $4.10-$4.25, on sales of $6.9B.
- "We started the year much slower than we originally anticipated as a decline in oil prices and the strengthening dollar led customers to delay business," said CEO Randall Hogan.
- Q1 results