Pentair plc earnings overview

PNR FY2026 Q1 · Calendar Q2 2026

Pentair plc

Pentair posted a record Q1 FY2026 with revenue exceeding $1 billion and adjusted EPS of $1.22 (up ~10% YoY), beating consensus on both lines. Management raised the low end of full-year EPS guidance to $5.30–$5.40 and returned $200 million via share repurchases while increasing the dividend 8%. Despite the beat-and-raise, shares declined approximately 10% on the report session with continued downward drift afterward, suggesting the market focused on flat pool industry volumes, potential channel destocking, and skepticism that pricing can sustainably offset tariff and commodity inflation even though management characterized tariffs as net-neutral for the full year. The stock now trades at $65.20 versus a consensus analyst target of $83.82, implying meaningful upside if execution holds — but the gap reflects real uncertainty about earnings quality and pool-segment demand.