Pentair plc Q3 2026 Earnings Recap

Pentair’s shares rose 12.8% after earnings, as adjusted EPS of $1.18 topped the company’s $1.05–$1.08 guidance range and management reaffirmed its full-year EPS midpoint of $4.70. The upside came despite pool-related year-over-year pressure, while the company also reported that its channel inventory destock was complete.

Key Takeaways

• Q3 sales were $976 million; adjusted operating income was $242 million and adjusted EPS was $1.18.
• Pool exceeded management’s expectations for sales and income, and its channel inventory destock was completed. Flow and Water Solutions each delivered sales and segment income growth with return-on-sales expansion.
• Adjusted operating income included about $8 million in tariff refunds, down from $35 million in Q2; management said the refunds did not change its view of underlying performance.
• Free cash flow was $153 million in Q3 and $620 million through the first nine months of the year. Pentair reaffirmed its full-year adjusted EPS midpoint of $4.70.
• Taco, acquired October 1, is expected to generate about $560 million in 2026 sales and more than $620 million in 2027 sales; Pentair expects the acquisition to be accretive to adjusted EPS in 2027.