Oct 21 (Reuters) - UK-based water technology company

Pentair ( PNR ) reported better-than-expected quarterly profit

and revenue on Tuesday, as sales growth in industrial

technologies and pool segments offset declines in the water

solutions segment.

The London, UK-based company posted third-quarter revenue of

$1.02 billion, slightly above analysts' estimates of $1.01

billion, according to data complied by LSEG.

Net income rose to $184.3 million, or $1.12 per share, for

the quarter ended September 30, from $139.6 million, or 84 cents

per share, a year earlier.

On an adjusted basis, the company reported a profit of $1.24

per share, above estimates of $1.18 per share.

Pentair ( PNR ) manufactures filtration systems for residential and

industrial use across 150 countries, along with water pumps for

flood control, fire suppression and homes. It also produces

heating systems, pumps, and LED lighting for swimming pools.

The company raised its full-year adjusted earnings forecast

to a range of $4.85-$4.90 per share, representing about 13%

growth from last year.

Pentair ( PNR ) also announced that finance chief Bob Fishman will

step down effective March 1, after six years in the role. He

will be succeeded by Nick Brazi, currently vice president of

corporate development.

U.S. listed shares of the company were up 2.5% to $111.99

before markets open.