EarningsQ2 2026 Earnings Report
MX:PNRN Q2 2026 EPS Results
Actual EPS$20.72
Consensus EPS$20.43
Beat/MissBeat by +$0.29
One Year Ago EPS$25.27
MX:PNRN Q2 2026 Revenue Results
Actual Revenue$16.95B
Expected Revenue$17.15B
Beat/MissMissed by -$193.40M
YoY Revenue Growth-16.96%
Earnings Announcement Details
QuarterQ2 2026
Date07/28/2026
TimeBefore Open
Conference CallTuesday, July 28, 2026
MX:PNRN Upcoming Earnings
Pentair's next earnings date is estimated for October 27, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:PNRN Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call mixed strong execution in Flow and Water Solutions, record return-on-sales in both segments, disciplined capital allocation (including $150M buyback and dividend raise), and a strategic acquisition (Taco) that meaningfully broadens the Water Solutions platform. These positives were tempered by a significant, but described-as-temporary, downturn in the Pool business driven by a $170M channel inventory destocking that led to a 42% decline in pool sales and substantial margin pressure. Management provided concrete remediation plans for Pool, reaffirmed full-year EPS, and outlined a deleveraging path post-acquisition. Overall, the positives—diversified segment strength, clear M&A rationale, and continued shareholder returns—outweigh the near-term pool-related headwinds.Company Guidance
Quarterly Financial Performance
Q2 sales of $933 million, adjusted operating income of $237 million, return on sales (ROS) of 25.4%, and adjusted EPS of $1.14; results slightly better than the July 14 preannouncement.
Strong Flow Segment Results
Flow sales up 5% year-over-year to $264 million; segment income grew 27% and ROS expanded 470 basis points to 26.5% (record ROS even excluding tariff refunds).
Robust Water Solutions Profitability
Water Solutions sales of $422 million (down 5% YoY, core down 3%) with segment income up 17% to $126 million and ROS increasing 560 basis points to 30%; delivered record ROS even excluding $18 million of tariff refunds.
Capital Allocation and Shareholder Returns
Repurchased $150 million of shares in Q2; increased dividend by 8% and achieved 50th consecutive year of dividend increases (Dividend King); strong free cash flow enabling buybacks, dividends, debt paydown and acquisitions.
Reaffirmed Full-Year EPS Guidance
Reaffirmed full-year adjusted EPS guidance of $4.60 to $4.80, consistent with the July 14 preannouncement.
Taco Acquisition Accelerates Growth Profile
Agreement to acquire Taco Group for $1.4 billion (~10.5x expected 2026 adjusted EBITDA); transaction expected to be $0.10 to $0.15 accretive to adjusted EPS in fiscal 2027 and to generate approximately $30 million in run-rate cost synergies over the next few years.
Strategic Rationale for Taco
Taco adds a large installed base (~40 million units), expands addressable market (~$10 billion incremental), strengthens Water Solutions in HVAC, data centers and multifamily plumbing, and adds durable aftermarket revenue (approx. 85% replacement/maintenance).
Balance Sheet and Leverage Discipline
Net debt leverage was 1.4x at end of Q2; expected temporary post-close leverage of ~2.4x when Taco closes in Q4 with plan to reduce net leverage to below 1.5x within two years through free cash flow and deleveraging.
MX:PNRN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed