Citable filing context
PNR's research view summarizes recent SEC filing context, starting with earnings from Jul 28, 2026.
| Filed | Item | Context |
|---|---|---|
| Jul 28, 2026 | earnings | Pentair reported second quarter 2026 sales of $933 million, an 11% decrease in EPS to $0.80. |
| Jul 14, 2026 | management_change | CFO Nicholas J. Brazis resigned and was replaced by interim CFO Robert P. Fishman. |
| May 6, 2026 | other | Pentair plc reported the results of its 2026 annual general meeting of shareholders held on May 5, 2026. |
| Jul 28, 2026 | Guidance: adjusted_eps | 1.05 to 1.08 |
| Jul 28, 2026 | Guidance: adjusted_eps | 4.60 to 4.80 |
| Jul 28, 2026 | Guidance: gaap_eps | 0.97 to 1.00 |
| Jul 28, 2026 | mda_quarterly | Pentair’s financial performance for the first half of 2026 reflects a 7.7% decline in net sales to $1.97 billion, primarily driven by significant inventory destocking within the Pool segment and a prior-year business exit in the Water Solutions segment. The Pool segment, which faced a 21.9% sales decline, was negatively impacted by higher interest rates and inflation. Conversely, the Flow segment saw a 7.9% sales increase, bolstered by the acquisition of Hydra-Stop. Profitability was supported by pricing actions and productivity gains, alongside $34.9 million in tariff refunds related to the International Emergency Economic Powers Act (IEEPA). However, these gains were partially offset by raw material inflation and increased restructuring and transformation costs. The company continues to execute its "Transformation Program," focusing on 80/20 guiding principles to streamline operations and improve margins. Looking ahead, Pentair has entered a definitive agreement to acquire Taco Group Holdings for $1.425 billion, expected to close in the fourth quarter of 2026. This acquisition will be financed through a $1.4 billion senior unsecured bridge facility. Pentair maintains a strong liquidity position, supported by a $900 million revolving credit facility, and remains committed to capital allocation priorities, including debt reduction, dividends, and share repurchases. |
| Apr 28, 2026 | mda_quarterly | Net sales for the first quarter of 2026 increased 2.6% to $1,036.7 million, driven by a 5.3% price increase and the acquisition of Hydra-Stop, which offset a 4.2% decline in volume. Gross profit margin expanded 1.9 percentage points to 41.8% due to pricing and productivity gains. A January 1 reorganization shifted the residential and irrigation flow business from the Flow segment to Water Solutions. Consequently, Flow net sales grew 11.0%, while Water Solutions declined 0.6% following a commercial business exit. Pool sales remained relatively flat with 0.8% growth. Pentair is implementing a Transformation Program and 80/20 guiding principles to reduce complexity and expand margins. Persistent risks include raw material inflation and supply chain volatility. While the U.S. Supreme Court struck down certain IEEPA tariffs in February 2026, the timing of reimbursements remains uncertain. Additionally, OECD Pillar Two minimum tax rules are negatively impacting the effective tax rate. Liquidity was impacted by seasonal Q1 working capital needs related to distributor early-buy programs, necessitating draws on the revolving credit facility. Capital allocation focused on shareholder returns, including $200 million in share repurchases and a $0.27 per share dividend. |
Source: SEC EDGAR filing text and events; period Jul 28, 2026; filed Jul 28, 2026.
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