Pentair earnings declined in the third quarter of 2026 as sales fell 4% to $976 million, below the $1,018.88 million analyst estimate. The water treatment and pool equipment company reaffirmed the midpoint of its full-year adjusted earnings guidance.
Key Takeaways
- GAAP earnings per share fell to $0.91 from $1.12 a year earlier.
- Pool equipment sales declined 18% in the quarter.
- Pentair expects fourth-quarter sales to rise 7% to 9% year over year.
Pentair earnings weaken from a year earlier
Pentair reported its results on October 27, 2026. Third-quarter sales fell from $1,022 million a year earlier, while GAAP earnings per share declined 19%. Adjusted earnings per share were $1.18, down from $1.24.
The analyst EPS estimate was $1.10, but the available information does not specify whether it was based on GAAP or adjusted earnings. Pentair’s reported and adjusted figures are different measures.
Operating income fell 15% to $196 million, and return on sales narrowed by 260 basis points to 20.1%. Adjusted operating income declined 8% to $242 million.
| Item | Details |
|---|---|
| Net sales | Q3 2026: $976 million; Q3 2025: $1,022 million |
| GAAP earnings per share | Q3 2026: $0.91; Q3 2025: $1.12 |
| Adjusted earnings per share | Q3 2026: $1.18; Q3 2025: $1.24 |
| Free cash flow | Q3 2026: $153 million; Q3 2025: $179 million |
Guidance points to fourth-quarter sales growth
Pentair expects approximately $4.70 in adjusted earnings per share for the full year and projects fourth-quarter sales growth of 7% to 9% from a year earlier. These are forecasts, not reported results.
Chief Executive John L. Stauch said the third-quarter performance increased management’s confidence in the full-year outlook and allowed it to reaffirm the midpoint of its previous guidance range.
Pentair paid a third-quarter cash dividend of $0.27 per share. The company’s free cash flow declined to $153 million from $179 million a year earlier.
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