Pentair Posts 3Q Adjusted EPS of $1.18
PNR is trading near its 52-week low of $51.13 (8.0% above the low).
Summary
Pentair reported third-quarter adjusted EPS of $1.18, ahead of the IBES estimate of USD 1.08, on sales of $976M, down 4%. Continuing operations EPS for the quarter was 91c. For the fourth quarter, the company sees adjusted EPS of $1.15 and continuing operations EPS of $1.07, with sales up 7%-9%. For 2026, Pentair sees sales down about 3%. The results land against a soft base: Q2 sales fell 17% year over year to $933M on a $170M pool inventory destock, and the company is carrying a $1.4B acquisition of Taco Group Holdings financed through a $1.4B credit agreement signed September 1. Robert W. Hau takes over as permanent CFO on November 1, succeeding interim CFO Robert Fishman.
At the time of this announcement, PNR was trading at $55.22 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $8.8B. The 52-week trading range was $51.13 to $111.94. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.