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More on Pentair (PNR) Q1: Net profit +20% to $60.8M on better pricing and margins, but sales...

More on Pentair (PNR) Q1: Net profit +20% to $60.8M on better pricing and margins, but sales hurt by weakness in W. Europe and U.S. muni markets. Scales back 2012 rev guidance to $3.7B vs. $3.7B-$3.8B prior. Expects Q2 EPS of $0.79-$0.82 on rev growth of 6%-8% vs. consensus of $0.79 and 8% respectively.

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