$PNR

Strategic Performance Drivers and Operational Context Second quarter performance was heavily impacted by a $170 million pool channel inventory destocking as management moved to align supply with actual dealer demand. The company acknowledged a modest loss in aftermarket share due to a failure to capture replacement installations on older pool pads installed 10 to 15 years ago.

Robbins LLP said it is investigating Pentair plc (PNR) over whether officers and directors violated securities laws and fiduciary duties. Pentair cut its outlook after reporting preliminary Q2 sales of about $930 million, down ~17% vs prior forecast, citing Pool channel inventory. Full-year sales now expected to fall ~4% to 7% and adjusted EPS $4.60 to $4.80. PNR shares fell ~22% premarket July 15.

Pentair plc reported net income of $301.0 million for the six months ended June 30, 2026, versus $303.4 million a year earlier. EPS was $1.86 basic and $1.85 diluted. Operating cash flow was $410.9 million, while it repurchased $348.2 million of shares and paid $87.5 million in dividends. The company recorded a $26.3 million loss on a business sale.

Pentair (NYSE:PNR) shares rose after the company reported adjusted EPS of $1.14, below the $1.22 estimate, and revenue of $932.6 million, down 17% and below $958.1 million, citing about $170 million from pool inventory destocking. Water Solutions and Flow improved, Pool declined. Pentair also agreed to buy Taco Group for about $1.4B and cut FY2026 GAAP EPS guidance.

Pentair plc (PNR) said it will acquire Taco Group Holdings for about $1.4 billion to expand its smart, sustainable water solutions in North America. Pentair plans to fund with cash and bridge financing, later refinanced with permanent debt. It expects $0.10 to $0.15 accretion to adjusted EPS in FY2027, $30 million annual synergies, and Taco revenue of about $540 million in FY2026. Deal closes Q4 2026; PNR shares fell in premarket.

Pentair (PNR) shares fell about 7.2% to $58.5 pre-open after it reported Q2 2026 results. Revenue was $933M, down 17% YoY, below consensus near $956M. Adjusted EPS was $1.14 vs $1.12. CEO cited a larger Pool inventory correction. Pentair also agreed to buy Taco Group Holdings for about $1.4B and reiterated full-year adjusted EPS guidance of $4.60 to $4.80.

Pentair plc (NYSE: PNR) reported Q2 2026 sales of $933 million, down 17% year over year, driven by about $170 million Pool channel inventory destocking. GAAP EPS was $0.80 and adjusted EPS $1.14. Operating income was $167 million. It repurchased $150 million of shares and updated 2026 GAAP EPS guidance to $3.86-$4.06, adjusted EPS to $4.60-$4.80.

PENTAIR plc (PNR) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 q22026pressrelease.htm EX-99.1 Document Exhibit 99.1 News Release Pentair Reports Second Quarter 2026 Results • Sales of $933 million, down 17 percent compared to sales for the same period last year driven by Pool channel inventory destock of approximately $170 million

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Robbins LLP said it is investigating whether Pentair plc (NYSE: PNR) officers and directors violated securities laws and fiduciary duties. Pentair cut its Q2 and full-year outlook after reporting preliminary Q2 sales of about $930 million, down 17% vs prior guidance, and reduced FY sales to -4% to -7% and adjusted EPS to $4.60-$4.80. CFO Nicholas Brazis left; Bob Fishman became interim CFO. Shares fell about 22% premarket July 15.