Pentair (PNR) Q2 2026 earnings pre-release presentation earnings summary

Financial performance overview

• Q2 2026 sales expected to decline by approximately 17% year-over-year, mainly due to inventory destocking in the Pool channel.

• Adjusted operating income for Q2 2026 projected to decrease by about 21% year-over-year.

• Full-year 2026 sales anticipated to be down 6–8% year-over-year, with adjusted operating income down 16–18%.

• Adjusted EPS for Q2 2026 expected around $1.12, and for FY 2026 between $4.60 and $4.80.

• Revenue and earnings are negatively impacted by Pool channel inventory adjustments, partially offset by positive IEEPA refunds.

Key drivers and adjustments

• Major revenue headwinds stem from Pool channel inventory destocking and right-sizing ahead of the 2027 season.

• Adjusted results exclude non-cash intangible amortization, acquisition-related expenses, transformation and restructuring costs, and other unusual items.

• Positive impact from IEEPA refunds helps offset some of the negative effects from inventory adjustments.

• Adjusted operating income and EPS figures are reconciled from GAAP to non-GAAP, with detailed breakdowns of adjustments provided.

• Full-year 2026 adjusted return on sales is projected at 25%.

Forward-looking statements and risks

• Financial forecasts are subject to risks including global economic conditions, supply and demand dynamics, inflation, and regulatory changes.

• Results may differ materially from projections due to factors such as market acceptance, acquisition integration, and seasonality.

• No obligation to update forward-looking statements after the date of the presentation.