NEW YORK, NY--(Marketwire -08/02/12)-
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Recessionary fears out of Europe and slower growth out of China and the U.S. has led to conservative spending adversely affecting the industrial equipment and components industry. Unfavorable foreign currency translations are also weighing on bottom-lines. Get your free reports on Pentair Inc. and Mueller Water Products Inc. at http://www.ShinesRooms.com/index.php?_controller=RegisterMember&_method=index. There is no commitment to join.
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Despite the aforementioned headwinds, several companies within the industry have been able to sustain marginal growth and maintain a positive outlook for the second half of the year.
Water-filtration specialist Pentair Inc. continues to be a bright spot for the industry. In its recently reported second quarter, sales climbed 3%, operating profits grew 11% and margins expanded by 100 basis points. The impressive results appear to be driven by its lack of dependence on a particular segment. This quality has helped soften the effects of weakness in Europe. Pentair Inc. report is accessible for free by registering today at
Similarly, Mueller Water Products Inc. has also shirked macroeconomic headwinds and has steadily improved since the beginning of the year. The company reported net sales of $275.9 million and net income of $9.8 million for the fiscal 2012 third quarter ended June 30, 2012. Mueller Water Products Inc. report is accessible for free by registering today at
Perhaps the true effect of weak operating conditions has yet to be realized but the above performances reflect resiliency at the very least. Moderate growth in the next few months still appears well within reach for a few companies within the industry.
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