Pentair acquired Taco on October 1, 2026 for $1.425 billion and reported third-quarter net sales down 4.5%; Pool sales fell 17.7% as channel inventory destocking was completed.
PNR · PENTAIR plc
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Pentair reported third-quarter sales of $976 million, adjusted operating income of $242 million and adjusted EPS of $1.18, reaffirming full-year adjusted EPS of approximately $4.70. Tayco closed October 1st, and pool’s completed inventory reset positions it for 2027 growth.
Pentair reported third quarter 2026 sales of $976 million, down 4 percent, with GAAP EPS of $0.91 and adjusted EPS of $1.18. It updated full year 2026 GAAP EPS guidance to approximately $3.76 and reaffirmed adjusted EPS of approximately $4.70.
Pentair plc appointed Robert W. Hau Chief Financial Officer effective November 1, 2026; Robert P. Fishman will resign as Interim Chief Financial Officer. Hau’s base salary is $775,000, with a $2,500,000 initial equity award and $200,000 new-hire cash bonus.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q2 FY26 earnings call · Jul 28, 2026TL;DR. Pentair reaffirmed its lowered FY2026 adjusted EPS guidance of $4.60–$4.80 and sales guidance of down 4–7% after Q2 pool sales plunged 42% on $170 million of channel destocking, while announcing a $1.4 billion acquisition of TACO that is expected to be $0.10–$0.15 accretive to FY2027 adjusted EPS.
- + TACO adds roughly $10 billion of addressable market and strengthens exposure to high-growth HVAC, data center, and multifamily residential end markets.
- + Flow segment delivered record return on sales and Water Solutions returned to record return on sales, both even excluding the tariff refund benefit.
- + Repurchased $150 million of shares in Q2 and increased the dividend 8%, achieving 50 consecutive years of dividend increases.
- + Q2 results included approximately $35 million of IEEPA tariff refunds, with full-year benefit expected in a $35 million to $50 million range.
- − Pool sales fell 42% in Q2 and segment income dropped 62% to $58 million as return on sales fell to 23.4% from 35.7%, driven by $170 million of channel destocking.
- − FY2026 adjusted EPS guidance reaffirmed at $4.60–$4.80, sharply below the prior $5.30–$5.40 guide; adjusted operating income guided down 5–9%.
- − Pool channel destocking is expected to reduce full-year pool sales by ~$250 million and pool segment income by ~$155 million.
- − TACO acquisition will lift net leverage to ~2.4x at closing, a step up from 1.4x leverage at quarter-end.
- − Q3 adjusted operating income expected to decline ~14–16% with pool sales guided down 23–25% as inventory right-sizing continues.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
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Guidance & track record
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Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
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Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted operating income non-GAAP | $737.7M | Nine Months | — |
| Adjusted return on sales non-GAAP | 25% | Nine Months | — |
| Free cash flow non-GAAP | $619.9M | Nine months ended September 30, 2026 | — |
| Pool non-GAAP | -17.8% | For the Quarter Ended September 30, 2026 | — |
| regular cash dividend | $0.27 | third quarter of 2026 | — |
| Water Solutions non-GAAP | 1.2% | For the Quarter Ended September 30, 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
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|---|---|---|---|---|---|
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$10.90B | -34.4% | +2.3% | 18.1 | 4.8% |
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$120.51B | +8.7% | +18.9% | 32.8 | 1.2% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Oct 27, 2026
- This year
- 20
Pentair acquired Taco on October 1, 2026 for $1.425 billion and reported third-quarter net sales down 4.5%; Pool sales fell 17.7% as channel inventory destocking was completed.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| PNR | +0.3% | +27.8% | -7.1% | +3.1% | -34.4% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -2.3% | +29.0% | -7.6% | +3.3% | -45.0% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.