Quarterly ResultApr 28, 2026, 04:52 PM
PNR Q1 Revenue +2.6% to $1.04B; Net Income +11.3% to $172.4M; EPS $1.05
AI Summary
Pentair plc reported a strong first quarter for 2026, with net sales increasing by 2.6% to $1.04 billion and net income rising 11.3% to $172.4 million. Diluted earnings per share grew to $1.05. The company also repurchased $200.0 million of ordinary shares and incurred $25.2 million in restructuring and transformation costs. Net cash used for operating activities increased to $67.4 million, and total debt rose to $1,944.3 million.
Key Highlights
- Net sales increased 2.6% to $1,036.7 million for Q1 2026.
- Net income rose 11.3% to $172.4 million in Q1 2026.
- Diluted EPS from continuing operations was $0.98, with total diluted EPS at $1.05.
- Repurchased $200.0 million of ordinary shares in Q1 2026.
- Net cash used for operating activities was $67.4 million in Q1 2026.
- Total restructuring and transformation costs were $25.2 million.
- Residential net sales were $566.4 million, Commercial $274.6 million.
- Total debt increased to $1,944.3 million as of March 31, 2026.
Price Impact
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