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Get filing alertsPentair Q2 sales fall 17% to $933M on $170M Pool inventory destock; EPS $1.14 adjusted
Filed July 28, 2026 · Period ending July 28, 2026 · ~1 min read
Key Changes
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Q2 2026 sales of $933M, down 17% year-over-year, driven by ~$170M Pool channel inventory destocking previously disclosed July 14. Pool segment sales fell 42%; Flow grew 5%; Water Solutions declined 5%.
Exhibit 99.1 view on EDGAR → -
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Q2 adjusted EPS $1.14 (down 18% YoY), slightly above July 14 guidance; GAAP EPS $0.80 (down 11%). Adjusted operating margin 25.4%. Results include ~$35M IEEPA refunds.
Exhibit 99.1 view on EDGAR → -
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Reaffirms FY 2026 adjusted EPS guidance of $4.60–$4.80 and sales down 4%–7%. Updates GAAP EPS guidance to $3.86–$4.06. Q3 adjusted EPS guided to $1.05–$1.08, sales down 4%–6%.
Exhibit 99.1 view on EDGAR → -
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Repurchased $150M of shares (2.0M shares) in Q2; $650M remains under authorization. Paid $0.27/share quarterly dividend, marking 50th consecutive year of dividend increases.
Exhibit 99.1 view on EDGAR → -
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Announced definitive agreement to acquire Taco Group Holdings in separate press release. FY 2026 guidance excludes the anticipated acquisition.
Exhibit 99.1 view on EDGAR →
Summary
Pentair reported second quarter 2026 results that reflected the previously disclosed Pool channel inventory reset. Sales of $933 million fell 17% year-over-year, with approximately $170 million of the decline attributable to Pool distributor destocking that the company had preannounced on July 14. The Pool segment bore the brunt with a 42% sales decline, while Flow grew 5% and Water Solutions declined 5%.
Adjusted EPS of $1.14 came in slightly above the July 14 guidance, though down 18% from the prior year, with adjusted operating margin holding at 25.4%. The company reaffirmed its full-year adjusted EPS guidance of $4.60 to $4.80 and sales decline of 4% to 7%, while updating GAAP EPS guidance to $3.86 to $4.06.
Third quarter guidance calls for adjusted EPS of $1.05 to $1.08 on sales down 4% to 6%, reflecting the ongoing channel reset ahead of the 2027 pool season. Pentair returned $150 million to shareholders through buybacks in the quarter and maintained its dividend at $0.27 per share, marking 50 consecutive years of increases. The company also announced a definitive agreement to acquire Taco Group Holdings, though the deal is not reflected in 2026 guidance.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Pentair announced Q2 2026 earnings results via press release and conference call, disclosing adjusted financial metrics.
Added in current filing · verify on EDGAR →
On July 28, 2026, Pentair plc (the “Company”) issued a press release announcing its earnings for the second quarter of 2026 and a conference call in connection therewith.
Pentair disclosed its second quarter 2026 financial results through a press release and scheduled a conference call to discuss the results. The 8-K filing itself does not contain the actual financial figures; those are in the attached press release (Exhibit 99.1).
Added in current filing · verify on EDGAR →
This press release refers to certain non-generally accepted accounting principles (“GAAP”) financial measures (core sales, adjusted operating income, adjusted return on sales, adjusted net income from continuing operations, adjusted diluted earnings per share from continuing operations and free cash flow) and a reconciliation of those non-GAAP financial measures to the corresponding financial measures contained in the Company’s financial statements prepared in accordance with GAAP.
The company disclosed that its earnings release includes non-GAAP metrics including core sales, adjusted operating income, adjusted return on sales, adjusted net income, adjusted diluted EPS, and free cash flow, with reconciliations to GAAP measures provided. These adjusted metrics are used by management to assess operational performance and are tied to executive compensation.
Added in current filing · verify on EDGAR →
The 2026 adjusted operating income, adjusted return on sales, adjusted net income from continuing operations and adjusted diluted earnings per share from continuing operations (“EPS”) include equity income of unconsolidated subsidiaries and eliminate intangible amortization, costs of certain restructuring, transformation and other activities and certain tax items.
For 2026 results, Pentair's adjusted financial metrics exclude intangible amortization, restructuring and transformation costs, and certain tax items, while including equity income from unconsolidated subsidiaries. This methodology differs from 2025, which had additional exclusions including legal settlements, asset impairments, loss on business sale, deal-related costs, and pension mark-to-market losses.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
GAAP EPS was $0.80, the same as communicated on July 14, and adjusted EPS was $1.14, slightly higher than communicated on July 14
Second quarter GAAP EPS from continuing operations was $0.80, matching the July 14 preannouncement, while adjusted EPS of $1.14 came in slightly above that guidance. Both figures declined year-over-year (GAAP down 11%, adjusted down 18%). Operating income was $167 million with 17.9% return on sales, or $237 million and 25.4% ROS on an adjusted basis. The company noted results include approximately $35 million of International Emergency Economic Powers Act refunds.
Added in current filing · view on EDGAR →
The Company updates its full year 2026 GAAP EPS guidance to approximately $3.86 to $4.06, and reaffirms guidance provided on July 14 of EPS on an adjusted basis of approximately $4.60 to $4.80
Pentair updated its full-year 2026 GAAP EPS guidance to approximately $3.86 to $4.06, while reaffirming the July 14 adjusted EPS guidance of $4.60 to $4.80. The company also reaffirmed its full-year sales guidance of down approximately 4% to 7% on a reported basis. For Q3 2026, the company introduced guidance of GAAP EPS of $0.97 to $1.00 and adjusted EPS of $1.05 to $1.08, with sales expected down 4% to 6%. The guidance reflects the ongoing Pool channel inventory reset in preparation for the 2027 pool season.
Added in current filing · view on EDGAR →
In a separate press release issued today, Pentair reported it has entered into a definitive agreement to acquire Taco Group Holdings.
Pentair announced it has entered into a definitive agreement to acquire Taco Group Holdings. The company held a conference call to discuss both the Q2 2026 results and this acquisition. The full-year 2026 guidance does not include the anticipated acquisition of Taco Group Holdings, suggesting the deal is expected to close later in the year or in 2027.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 29, 2026 · How we verify