Pentair Stock Earnings Reports

Pentair reported a solid Q1 2026 with record first-quarter sales (> $1B) and adjusted operating income. Revenue grew 3% and adjusted EPS rose to $1.22 (up ~10%), while return on sales expanded 100 bps to 25% — the sixteenth consecutive quarter of margin expansion. Flow led growth (up 11%, aided by the HydroStop acquisition), Water Solutions was roughly flat (impacted by prior portfolio exits but showed pro-channel strength), and Pool was modestly up (1%) with channel sell-in/sell-through dynamics likely to pressure shipments in Q2–Q3. The company delivered ~$21M of net productivity in the quarter and is targeting ~$70M of PBS-driven productivity for 2026. Management narrowed full-year adjusted EPS guidance to $5.30–$5.40 (midpoint ~9% growth) and expects 2026 sales up ~2–4% with ROS expanding ~100 bps. Capital allocation priorities include an $200M Q1 buyback, an 8% dividend increase (50th consecutive year), a strong balance sheet (net debt ~1.7x), and additional opportunistic share repurchases (not included in current guidance). Management expects price to offset inflation/tariff headwinds and is focused on structural cost improvements, targeted innovation (digital/AI, automation, purification/membranes), and execution across commercial and infrastructure end markets. Key investor risks/monitoring points: Pool channel inventory dynamics (sell-in vs. sell-through), housing/nonresidential investment trends, tariffs/commodity inflation, and cadence of M&A given current market conditions.