Pentair Q2 earnings beat estimates but revenue misses on pool weakness

EarningsCorporate Action

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Summary · why it matters

Pentair reported adjusted earnings of $1.14 per share for the second quarter of 2026, beating the Zacks Consensus Estimate of $1.12 by 1.8% but falling 18% from $1.39 a year ago. Revenue declined 17% year over year to $932.6 million, missing the consensus estimate of $1.012 billion, as pool sales plunged 42% to $246.6 million due to a sharper-than-anticipated inventory correction by major channel partners and softer end-market demand. Flow sales rose 5% to $263.7 million and Water Solutions sales slipped 5% to $422 million, with both segments posting improved return on sales. Pentair also announced an agreement to acquire Taco Group Holdings for approximately $1.4 billion, expected to close in the fourth quarter of 2026 and add 10 to 15 cents to 2027 earnings per share. The company initiated third-quarter adjusted earnings guidance of $1.05 to $1.08 per share and reaffirmed full-year 2026 adjusted earnings of $4.60 to $4.80 per share, with sales projected to decline 4% to 7%.