Pentair Lifts 2026 Sales Outlook, Taco Close Sets Up 2027 Pool Rebound
PNR sits 22% above its 52-week low of $51.13.
Summary
Pentair beat on Q3 with adjusted EPS of $1.18 versus $1.08 expected and sales of $976.4 million versus $963.61 million, then raised its 2026 sales forecast to $4.051 billion from a prior range of $3.884 billion to $4.009 billion. It narrowed 2026 adjusted EPS guidance to $4.70, but the Q4 EPS guide of $1.15 sits below the $1.22 consensus even as Q4 revenue guidance of $1.092 billion to $1.113 billion tops the $1.019 billion estimate. The Taco Group Holdings deal closed Oct. 1, adding roughly $560 million of 2026 sales and more than $620 million in 2027, with management expecting it to be accretive to adjusted EPS next year. The bull case rests on Pool: sales fell 18% to $291 million this quarter, but management sees the inventory destock clearing and Pool sales up $180 million, or 14%, in 2027 at roughly 30% return on sales. Shares were up 12.46% at $62.10 on the day.
At the time of this announcement, PNR was trading at $62.40 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $10B. The 52-week trading range was $51.13 to $110.90. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Benzinga.