Pentair Reports Third-Quarter Results and Strategic Expansion via Taco Group Acquisition
Pentair (PNR) reported third-quarter 2026 results featuring quarterly sales of $976 million and adjusted earnings per share of $1.18. A significant milestone was reached in the pool segment, where the company successfully completed a channel inventory destocking process, aligning distributor supply with actual consumer demand to prepare for growth in 2027. The company also expanded its market footprint through the acquisition of Taco Group Holdings, funded by $1.4 billion in debt. This move allows Pentair to enter high-growth commercial and infrastructure markets, including HVAC applications and data center water systems. Management expects fourth-quarter sales to increase between 7% and 9%, driven by acquisition gains despite softness in residential water treatment.
Tickers: $PNR
Topics: acquisition earnings report free cash flow inventory destocking