Pentair

Pentair makes equipment that moves, treats and filters water. It reports three segments. Flow sells pumps and other equipment for homes, farms, buildings and industry. Water Solutions sells water treatment and filtration products for homes and businesses, including restaurant water and ice systems.

Pool sells pumps, filters, heaters, lights and automation for residential and commercial pools, mainly through pool distributors and dealers in North America. Pentair earns money from the sale of this equipment and of replacement parts, and much of the Pool business serves existing pools. On October 1, 2026, Pentair bought Taco Group Holdings, a maker of pumps, valves and controls for heating, cooling and data center water systems.

The market lost trust in Pentair after a sudden profit warning. On July 14, 2026, Pentair said that pool distributors had cut their stock much more than expected, so Q2 2026 sales fell 17% and Pool sales fell 42%. On the same day, it said that its CFO had left, and shareholders then filed a securities class action. Pentair also used debt to buy Taco for about $1.4 billion, so its debt almost doubled on October 1, 2026.

Investors now ask whether the pool problem is only a stock correction or also lower end demand, as higher interest rates and inflation weigh on pool owners. The Q3 2026 report was a first good sign. Adjusted EPS of $1.18 was above the guidance of $1.05 to $1.08, Pentair kept the midpoint of its full-year guidance at about $4.70, and it said that the inventory correction with its major pool partners is complete. But Pool sales still fell 18%.

For the gap to close, three things must be true. Pentair must reach adjusted EPS of about $1.15 in Q4 2026, with sales up 7% to 9% because of Taco. Pool orders must return to normal before the 2027 season, as management expects, and Pool sales must grow again in the first half of 2027. Taco must add to profits with the planned $30 million of cost synergies while Pentair reduces the new debt.

The Q4 report and the 2027 outlook in early 2027 are the next test, and the spring 2027 pool season is the main test. If Pool recovers in 2027, the gap can close over the next three to five quarters.

1. Oct 27, 2026Passed

   Q3 2026 results: pool channel and guidanceAdjusted EPS within $1.05 to $1.08 and full-year guidance of $4.60 to $4.80 kept pass; another cut to the guidance fails.Outcome: Adjusted EPS was $1.18, above the $1.05 to $1.08 guidance, and Pentair kept the midpoint of its full-year guidance at about $4.70.
2. Jan 27, 2027 · est.Pending

   Q4 2026 results and 2027 outlookA 2027 outlook with Pool sales growth and a plan to reduce the Taco debt passes; an outlook with flat or lower Pool sales fails.
3. Q2 2027 · est.Pending

   2027 pool seasonPool sales that grow from a year earlier in the first half of 2027 pass; Pool sales that stay below the 2025 level fail.

Every passed and failed checkpoint across all picks

• October 27, 2026Pentair reported Q3 2026 results. Sales fell 4% to $976 million, and core sales fell 5%. Pool sales fell 18%, and Pentair said that the inventory correction with its major pool channel partners is complete. Flow and Water Solutions segment income grew 15% and 16%. GAAP EPS was $0.91, and adjusted EPS was $1.18, above the guidance of $1.05 to $1.08. Results include about $8 million of IEEPA tariff refunds. Pentair kept the midpoint of its 2026 adjusted EPS guidance at about $4.70. For Q4 2026, it expects adjusted EPS of about $1.15 and sales up 7% to 9%, with Taco.
• October 14, 2026Pentair said that it will report its Q3 2026 results before the market opens on October 27, 2026.
• October 1, 2026Pentair completed the purchase of Taco Group Holdings, a maker of hydronic and water-based heating, cooling and data center products, for about $1.4 billion. Pentair said that the price was about 10.5 times Taco's expected 2026 EBITDA, after about $165 million of tax benefits and about $30 million of expected annual cost synergies.

Last earnings

October 27, 2026 (8-K on sec.gov)

Next earnings

Expected about January 27, 2027. The company has not confirmed the date.

• 10-QQuarterly report for the period ended Sep 30, 2026Filed October 27, 2026 · pnr-20260930
• 8-KEarnings releaseFiled October 27, 2026 · Press release and exhibits
• 8-KChange of directors or officersFiled September 22, 2026 · pnr-20260921
• 8-KChange of directors or officersFiled September 18, 2026 · pnr-20260917
• 8-KNew debt or financial obligationFiled September 2, 2026 · Read it on sec.gov
• 10-QQuarterly report for the period ended Jun 30, 2026Filed July 28, 2026 · pnr-20260630
• 8-KEarnings releaseFiled July 28, 2026 · Press release and exhibits
• 8-KEarnings release and Change of directors or officersFiled July 14, 2026 · Press release and exhibits
• 8-KShareholder vote resultsFiled May 6, 2026 · pnr-20260505
• 8-KNew debt or financial obligationFiled May 6, 2026 · Read it on sec.gov

Every filing on SEC EDGAR (CIK 77360)

• Pool sales depend on pool distributors, dealers and pool owners. If the fall in Q2 2026 comes from lower end demand, because of higher interest rates and inflation, Pool sales can stay low in 2027.
• Pentair borrowed $1.4 billion on October 1, 2026, to buy Taco, so its debt almost doubled. The new debt raises interest costs, and Taco must grow and reach the planned cost synergies to earn its price.
• Shareholders filed a securities class action in August 2026 about the pool inventory disclosures. A long case or a settlement can add costs and keep the trust problem alive.
• The CFO changed twice in 2026, and Robert Hau starts on November 1, 2026. More changes in the finance team can delay the rebuild of trust.

Pentair funds itself with senior notes, bank term loans and a revolving credit facility. At September 30, 2026, it had $74.0 million of cash and $1,500.7 million of debt principal: $400 million of 4.500% notes due 2029, $400 million of 5.900% notes due 2032, $500 million of term loans due from 2027 to 2030 and $200.7 million drawn on the revolving credit facility due 2030. Read more

Yield at the current rate

1.6% (current annual rate, at today’s price)

Dividend yield

1.6% (last 12 months, at today’s price of $69.33)

Paid per share

$1.08 in the last 12 months (4 payments)

Current annual rate

$1.08 ($0.27 × 4 a year)

Payout ratio

25% of the last fiscal year’s earnings (the year that ended December 31, 2025)

Latest ex-dividend date

October 23, 2026, $0.27 per share

Dividends per share by year

From 2020 to 2025, the dividend grew by about 5.6% a year. From 2015 to 2025, the dividend grew by about 1.5% a year.

Source: company filings and market data, read on November 13, 2026. The ex-dividend date is the first day a buyer no longer gets the next payment.