Pentair reports Q1 adjusted EPS 94c, consensus 90c

Reports Q1 revenue $1.0B, consensus $1.01B. CEO John Stauch commented: “Our balanced water portfolio delivered strong Q1 results that exceeded our expectations. For the first time in nearly four years, we are pleased to be entering what we believe to be a more normal operating environment. Order rates remained solid and our backlog and lead times have been normalizing. Our Transformation initiatives remained on track and continue to fuel our return on sales goal of 24% with potential upside by the end of FY26 as we highlighted at our recent Investor Day.”