April 23 (Reuters) - UK-based water technology company

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

on Tuesday, helped by the company's price hikes for its water

purifiers.

Pentair ( PNR ), which provides residential and industrial water

technology products and services, had implemented price

increases to offset slow demand for new pools and related

services amid sticky inflation.

Sales in its flow segment, which makes water pumps, were

down 2% in the quarter compared with a year earlier. Pool

segment sales were also down 1% from a year earlier.

Pentair ( PNR ), however, reiterated its forecast of an adjusted

profit of $4.15 to $4.25 per share for the full year, compared

with estimates of a profit of $4.20, according to LSEG data.

It forecast second-quarter adjusted profit of about $1.15 to

$1.17 per share, compared with estimates of $1.16.

"For the first time in nearly four years, we are pleased to

be entering what we believe to be a more normal operating

environment," Pentair's ( PNR ) Chief Executive John Stauch said.

For the first quarter, the company reported an adjusted

profit of 94 cents per share, beating analysts' average

expectation of 90 cents.