Pentair Reports Mixed Q2 Results and Announces $1.4 Billion Acquisition
Pentair reported mixed second-quarter results in July 2026 with sales declining by 17% year-over-year to $933 million, primarily due to a significant reduction of $170 million in Pool channel inventory that led to a 42% drop in Pool segment sales. Despite the decline, Flow and Water Solutions segments achieved record profitability with return on sales reaching 26.5% and 30%, respectively. The company announced plans to acquire Taco Group Holdings for $1.4 billion, aiming to expand its presence in HVAC, hydronic systems, data centers, and infrastructure markets. The acquisition is expected to generate $30 million in annual synergies and contribute between $0.10–$0.15 of adjusted EPS by fiscal 2027. Pentair reaffirmed its full-year outlook for adjusted earnings per share (EPS) of $4.60–$4.80, while forecasting an 18% to 22% decline in Pool sales for the year and anticipating a recovery in the 2027 season as channel inventories normalize by late Q3.
Tickers: $PNR
Topics: Acquisition Earnings Sales Performance