Quarterly ResultApr 28, 2026, 06:57 AM
PNR Q1 Sales $1,037M, +3%; Adj. EPS $1.22, +10%; Raises FY26 Outlook
AI Summary
Pentair plc reported strong first-quarter 2026 results with sales of $1,037 million, a 3% increase year-over-year, and core sales growth of 1%. GAAP EPS increased 5% to $0.98, while adjusted EPS rose 10% to $1.22. The company repurchased $200 million of ordinary shares and updated its full-year 2026 GAAP EPS guidance to $4.83-$4.93 and adjusted EPS guidance to $5.30-$5.40, reflecting continued optimism and strong execution across its water portfolio.
Key Highlights
- PNR Q1 sales of $1,037 million, up 3% YoY; core sales grew 1%.
- Operating income was $210 million with ROS of 20.3%, up 20 bps YoY; adjusted ROS 25.0%, up 100 bps.
- GAAP EPS increased 5% to $0.98; adjusted EPS rose 10% to $1.22.
- Repurchased $200 million of ordinary shares (2.0 million shares).
- Updated full-year 2026 GAAP EPS guidance to $4.83-$4.93, up 23-25% YoY.
- Updated full-year 2026 adjusted EPS guidance to $5.30-$5.40, up 8-10% YoY.
- Introduced Q2 2026 GAAP EPS guidance of $1.39-$1.42, up 54-58% YoY.
- Flow segment sales up 11% YoY, with reportable segment income up 22% and ROS of 23.7%.