Pentair Reports Q3 2026 Results with EPS Beat Amid Segment Volatility and Taco Acquisition
Pentair (PNR) reported third-quarter 2026 net sales of $976 million, a 4% decrease year-over-year, primarily driven by an 18% decline in the Pool segment due to strategic inventory destocking. Despite the revenue dip, adjusted earnings per share reached $1.18, surpassing management's guidance range of $1.05 to $1.08. The company is navigating a transition period marked by the acquisition of Taco Group Holdings, which is expected to drive significant growth in 2027. While the Flow segment faced some headwinds from delayed food and beverage spending, the Water Solutions and Flow segments showed margin expansion through productivity gains and disciplined pricing. Looking ahead, Pentair reaffirmed its full-year adjusted EPS guidance of $4.70. The company continues to prioritize shareholder returns, having deployed $350 million in share repurchases year-to-date and increasing its quarterly dividend by 8% for the 50th consecutive year.