Pentair 10-Q: Q3 Sales $976.4M, EPS $0.91; Taco Closed, Class Action Disclosed
PNR sits 22% above its 52-week low of $51.13 on elevated volume (2.5× avg).
Summary
Pentair's Q3 10-Q confirms $976.4M of sales and $0.91 GAAP EPS, details a 17.7% Pool decline with destocking now complete, and discloses the Taco close plus a new securities class action.
Key Events · Earnings and Guidance · PNR
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Q3 Sales $976.4M, GAAP EPS $0.91
Net sales fell 4.5% to $976.4M from $1,022.0M; net income was $145.1M and diluted EPS $0.91, versus $1.12 a year ago.
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Pool Segment Still the Drag
Pool sales dropped 17.7% to $291.5M and segment income fell 38.3% to $71.7M; the filing states channel inventory destocking is complete as of September 30, 2026.
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Taco Closed, $1.4B Drawn
Pentair acquired Taco Group Holdings on October 1, 2026 for $1.425B and borrowed the full $1.4B under the term loan facilities at closing, on top of $1,484.1M of debt at quarter-end.
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New Securities Class Action
A putative securities class action was filed in August 2026 in the U.S. District Court for the District of Minnesota alleging false or misleading statements; damages are unspecified.
Analysis · PNR · Technology
The headline numbers were already out this morning, but the full 10-Q fills in what the press release did not. Pool remains the wound — sales down 17.7% to $291.5M and segment income down 38.3% to $71.7M — though management now says channel destocking is finished and positions Pool for 2027 growth. The Taco acquisition closed October 1 for $1.425B, funded by drawing the full $1.4B of term loans, so reported debt of $1,484.1M at quarter-end understates the post-close balance sheet. Two items deserve attention: a putative securities class action filed in August 2026 in Minnesota (previously undisclosed in the timeline), and $103.5M of restructuring and transformation costs year-to-date, which is why GAAP EPS of $0.91 sits well below the $1.18 adjusted figure the market cheered.
How filings like this one have moved
In the 30 days to Oct 27, 2026, 29.9% of the 1374 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.12%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, PNR was trading at $62.48 on NYSE in the Technology sector, with a market capitalization of approximately $9.9B. The 52-week trading range was $51.13 to $110.90. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.