Slide 1: Q4 2025 Earnings Release
- Picture to be updated Q4 2025 EARNINGS RELEASE FEBRUARY 3, 2026
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains statements that we believe to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are forward-looking statements. Without limitation
Slide 3: Key Definitions
Key Definitions • Except as otherwise noted, our results represent continuing operations for the period indicated, presented on an adjusted basis • Core sales refers to GAAP net sales from continuing operations excluding: (1) the impact of currency translation and (2) the impact of net sales from ac
Slide 4: Executive Summary – Q4’25
Executive Summary – Q4’25 Delivered strong sales growth and higher profitability driven by continued execution Adjusted Operating Sales ROS Adjusted EPS Income ❑ Q4’25 Performance: $1,021M $252M $1.18 24.7% − Sales up 5% $973M $231M 23.8% $1.08 − Adjusted Operating Income up 9% 5% 9% 90 bps 9% YoY Y
Slide 5: Executive Summary – FY’25
Executive Summary – FY’25 Resilient Water Portfolio Led to Record* Annual Sales, Adj. Operating Income, ROS and Adj. EPS Adjusted Operating Sales ROS Adjusted EPS Income ❑ FY’25 Performance: $4,083M $4,176M $1,054M $4.92 $959M 25.2% $4.33 − Sales up 2% 23.5% − Adjusted Operating Income up 10% 2% 10%
Slide 6: Aligning Organization in 2026 for Accelerated Success
Aligning Organization in 2026 for Accelerated Success Residential Flow Moves to Residential Water Solutions Beginning in Q1 2026 2025 2026 Realignment Expected to Drive Growth Opportunities and Operational Efficiencies 6 Q4 2025 Earnings Release ©2026 Pentair. All Rights Reserved.
Slide 7: Key Takeaways
Key Takeaways 1 2025 was another record* year for Pentair Continued to deliver strong margin expansion, sales and earnings growth, and robust free 2 cash flow Clear strategy, a proven operating model, and an energized leadership team focused on a 3 balanced contribution from transformation and growt
Slide 8: Q4’25 Pentair Performance
Q4’25 Pentair Performance Sales Adjusted Operating Income $58M $14M $1,021M $53M $973M $18M $252M ($2M) ($4M) ($22M) $231M 5% ($46M) 9% YoY YoY ROS ROS (2 pts) 6 pts 0 pts 1 pt 5 pts 23.8% 4.5% (0.7%) (4.8%) 1.9% 24.7% (1 pt) Vol/Price Q4’24 Volume Price Acq./Div. FX Q4’25 Q4’24 FX Inflation Prod. Q
Slide 9: FY’25 Pentair Performance
FY’25 Pentair Performance Sales Adjusted Operating Income $4,083M $164M $23M $4,176M $162M $1M ($6M) $75M $1,054M ($88M) $959M 2% ($143M) 10% YoY YoY ROS ROS (2 pts) 4 pts 0 pts 0 pts 2 pts 23.5% 3.5% (0.1%) (3.5%) 1.8% 25.2% (1 pt) Vol/Price FY’24 Volume Price Acq./Div. FX FY’25 FY’24 FX Inflation
Slide 10: Q4’25 Flow Performance
Move Water Q4’25 Flow Performance Sales Segment Income $9M $11M $394M $16M $18M $1M $7M $361M $90M ($3M) $74M ($10M) 9% 22% YoY YoY ROS ROS 0 pts 4 pts 2 pts 3 pts 9 pts 20.4% 3.6% (0.2%) (2.8%) 1.8% 22.8% (1 pt) Vol/Price Q4’24 Volume Price Acq./Div. FX Q4’25 Q4’24 FX Inflation Prod. Q4’25 Acq./Div
Slide 11: FY’25 Flow Performance
Move Water FY’25 Flow Performance Sales Segment Income $18M $1,554M $53M $4M $32M $362M $49M $10M $1,514M $318M ($45M) ($37M) 3% 14% YoY YoY ROS ROS (2 pts) 3 pts 1 pt 1 pt 3 pts 21.0% 3.2% 0.0% (3.0%) 2.1% 23.3% (1 pt) Vol/Price FY’24 Volume Price Acq./Div. FX FY’25 FY’24 FX Inflation Prod. FY’25 A
Slide 12: Q4’25 Water Solutions Performance
Improve Water Q4’25 Water Solutions Performance Sales Segment Income $258M $12M $62M $3M $3M $232M $3M $55M ($5M) ($22M) ($8M) ($19M) (10%) (12%) YoY YoY ROS ROS (9 pts) 5 pts (7 pts) 1 pt (10 pts) 24.1% 3.7% (2.3%) (3.3%) 1.3% 23.5% (1 pt) Vol/Price Q4’24 Volume Price Acq./Div. FX Q4’25 Q4’24 FX In
Slide 13: FY’25 Water Solutions Performance
Improve Water FY’25 Water Solutions Performance Sales Segment Income $1,131M $42M $13M $5M $1,062M $255M $28M $254M ($4M) ($71M) ($45M) (6%) ($38M) ~Flat YoY YoY ROS ROS (7 pts) 4 pts (4 pts) 1 pt (6 pts) 22.6% 2.6% (0.4%) (3.4%) 2.5% 23.9% (1 pt) Vol/Price FY’24 Volume Price Acq./Div. FX FY’25 FY’2
Slide 14: Q4’25 Pool Performance
Enjoy Water Q4’25 Pool Performance Sales Segment Income $30M $8M Flat $393M $31M Flat $1M $9M $132M $354M $119M ($27M) 11% YoY 11% YoY ROS ROS 1 pt 8 pts 2 pts 0 pts 11 pts 33.8% 4.9% 0.0% (7.6%) 2.5% 33.6% (1 pt) Vol/Price Q4’24 Volume Price Acq./Div. FX Q4’25 Q4’24 FX Inflation Prod. Q4’25 Acq./Di
Slide 15: FY’25 Pool Performance
Enjoy Water FY’25 Pool Performance Sales Segment Income $29M Flat $1,559M $96M $1M $73M $1,436M $21M $9M $527M $476M ($55M) 9% YoY 11% YoY ROS ROS 2 pts 5 pts 2 pts 0 pts 9 pts 33.2% 3.8% 0.1% (3.9%) 0.6% 33.8% (1 pt) Vol/Price FY’24 Volume Price Acq./Div. FX FY’25 FY’24 FX Inflation Prod. FY’25 Acq
Slide 16: Balance Sheet and Cash Flow
Balance Sheet and Cash Flow Debt Summary Cash Flow ($M) $1,639M* Maturity FY 2025 FY 2024 Net Income – Continuing Ops $650 $626 $1,086M** ~65% Fixed 2029 – 2032 Amortization 58 54 Subtotal $708 $680 Depreciation 60 60 $553M ~35% Variable 2027 – 2030 Capital Expenditures (69) (74) Asset Sales 2 1 12/
Slide 17: Q1 and Full Year 2026 Pentair Outlook & Expectations
Q1 and Full Year 2026 Pentair Outlook & Expectations • Resilient water portfolio and focused growth strategy Q1’26 FY’26 • Introduced FY’26 Adjusted EPS Sales Sales Total Sales up ~1% to 2% (~$1,020M to $1,030M) Total Sales up ~3% to 4% (~$4,280M to $4,330M) guidance of ~$5.25 to $5.40; growth of ~7
Slide 18: Estimated Incremental Tariff Impact in 2026
Estimated Incremental Tariff Impact in 2026* INCREMENTAL TARIFF IMPACT UPDATE ON ACTIONS TAKEN & ASSUMPTIONS IN GUIDANCE 2025 2026* China: $27M ~$0M ❑ Executing well and leveraging pricing actions and mitigation strategies to help offset tariff impact Mexico: $10M ~$2M ❑ Total 2026 incremental tarif
Slide 19: Upcoming Investor Day 2026
Upcoming Investor Day 2026 March 4, 2026 Updated Long-Term Strategy & Outlook Growth Strategies & Expectations Pentair Business System – Transformation & Growth New Product Launches & Innovation 19 Q4 2025 Earnings Release ©2026 Pentair. All Rights Reserved.
Slide 20: Pentair is Well-Positioned with a Capital-Lite Model
Pentair is Well-Positioned with a Capital-Lite Model 1 2025 was another record* year for the company 2 Clear strategy, proven operating model, and an energized leadership team 80/20 and Transformation expected to drive sales growth, strong margin expansion, and 3 Adjusted EPS growth Focused water st
Slide 21: We Believe Pentair is a Compelling Investment Opportunity
We Believe Pentair is a Compelling Investment Opportunity An industry leader with a balanced, innovative water portfolio Transformation initiatives to drive operational efficiencies and margin expansion Sustainability focus on People, Planet and Governance to provide smart, sustainable water solutio
Slide 22: Pentair
> PENTAIR
Slide 23: Pentair Overview – Reference Slides
Pentair Overview Reference Slides
Slide 24: Pentair Snapshot (NYSE: PNR)
Pentair Snapshot (NYSE: PNR) Helping the World Sustainably Move, Improve and Enjoy 2025 Sales: $4,176M Water – Life’s Most Essential Resource OEM, Direct, Other ~25% End Markets Focus on Dividend Aristocrat Profitability & Dividend King Trade / Channel Partners 25.2% 50 YEARS ~75% ROS Annual Dividen
Slide 25: Pentair’s Multi-Year Performance
Pentair’s Multi-Year Performance A Leader in Helping the World Sustainably Move, Improve and Enjoy Water, Life’s Most Essential Resource Smart, Sustainable Water Solutions MOVE Water IMPROVE Water ENJOY Water $4,122 $4,105 $4,083 $4,176 $1,177 $1,131 $3,765 $1,582 $1,554 $1,062 $1,633 $987 $1,572 $1
Slide 26: Transformation Initiatives
Transformation Initiatives Targeting 26% ROS by FY’26*, Expansion of Over 700 Basis Points from 2022 2026T 2022 Sales Pricing Excellence Sales Material Sourcing Excellence Material Costs Costs Operational Excellence OCOGS OCOGS Other Expenses Other Organizational Effectiveness Expenses ROS ~26% FY’2
Slide 27: Transformation & 80/20 Continues to Expand Margins
Transformation & 80/20 Continues to Expand Margins Pentair Business System 1 Drove ~$250M in Transformation Savings (2023-2025, net of investments) xity Reduct omple ion C 80/20 Approach 2 Expect to Deliver ~$70M in Transformation and 80/20 Savings in 2026 (net of investments) Sourcing Operational E
Slide 28: Appendix
Appendix GAAP TO NON-GAAP MEASUREMENTS & RECONCILIATIONS
Slide 29: Reported To Adjusted 2025 Reconciliation
Reported To Adjusted 2025 Reconciliation Pentair plc and Subsidiaries Reconciliation of the GAAP Year Ended December 31, 2025 to the Non-GAAP Excluding the Effect of 2025 Adjustments (Unaudited) First Second Third Fourth Full In millions, except per-share data Quarter Quarter Quarter Quarter Year Ne
Slide 30: Reported To Adjusted 2024 Reconciliation
Reported To Adjusted 2024 Reconciliation Pentair plc and Subsidiaries Reconciliation of GAAP to Non-GAAP Financial Measures for the Year Ended December 31, 2024 Excluding the Effect of 2024 Adjustments (Unaudited) First Second Third Fourth Full In millions, except per-share data Quarter Quarter Quar
Slide 31: Reported To Adjusted 2023 Reconciliation
Reported To Adjusted 2023 Reconciliation Pentair plc and Subsidiaries Reconciliation of GAAP to Non-GAAP Financial Measures for the Year Ended December 31, 2023 Excluding the Effect of 2023 Adjustments (Unaudited) First Second Third Fourth Full In millions, except per-share data Quarter Quarter Quar
Slide 32: Reported To Adjusted 2022 Reconciliation
Reported To Adjusted 2022 Reconciliation Pentair plc and Subsidiaries Reconciliation of GAAP to Non-GAAP Financial Measures for the Year Ended December 31, 2022 Excluding the Effect of 2022 Adjustments (Unaudited) First Second Third Fourth Full In millions, except per-share data Quarter Quarter Quar
Slide 33: Reported To Adjusted 2021 Reconciliation
Reported To Adjusted 2021 Reconciliation Pentair plc and Subsidiaries Reconciliation of GAAP to Non-GAAP Financial Measures for the Year Ended December 31, 2021 Excluding the Effect of 2021 Adjustments (Unaudited) First Second Third Fourth Full In millions, except per-share data Quarter Quarter Quar
Slide 34: Reported To Adjusted 2019-2020 Reconciliations
Reported To Adjusted 2019-2020 Reconciliations Pentair plc and Subsidiaries Reconciliation of GAAP to Non-GAAP Financial Measures for the Years Ended December 31, 2019 and 2020 Excluding the Effect of 2019 and 2020 Adjustments (Unaudited) In millions, except per-share data 2019 2020 Net sales $ 2,95
Slide 35: Segment Information
Segment Information Pentair plc and Subsidiaries Supplemental Financial Information by Reportable Segment (Unaudited) 2025 2024 2023 First Second Third Fourth Full First Second Third Fourth Full First Second Third Fourth Full In millions Quarter Quarter Quarter Quarter Year Quarter Quarter Quarter Q
Slide 36: Core Sales Growth Reconciliation
Core Sales Growth Reconciliation Pentair plc and Subsidiaries Reconciliation of Net Sales Growth to Core Net Sales Growth by Reportable Segment For the Quarter and Year Ended December 31, 2025 (Unaudited) Q4 Net Sales Growth Full Year Net Sales Growth Core Currency Acq. / Div. Total Core Currency Ac
Slide 37: Free Cash Flow Reconciliation
Free Cash Flow Reconciliation Pentair plc and Subsidiaries Reconciliation of the GAAP Operating Activities Cash Flow to the Non-GAAP Free Cash Flow (Unaudited) Years ended December 31 In millions 2025 2024 Net cash provided by operating activities of continuing operations $ 814.8 $ 766.9 Capital exp
Slide 38: ROIC Reconciliation
ROIC Reconciliation Pentair plc and Subsidiaries Return on Invested Capital (ROIC) (Unaudited) Fourth First Second Third Fourth Quarter Quarter Quarter Quarter Quarter Dollars in millions 2024 2025 2025 2025 2025 Adjusted operating income $ 231.3 $ 242.5 $ 296.7 $ 262.6 $ 251.7 Reported effective ta
Slide 39: 2025 EBITDA Reconciliation
2025 EBITDA Reconciliation Pentair plc and Subsidiaries Reconciliation of Net Income from Continuing Operations to EBITDA for the Year Ended December 31, 2025 (Unaudited) In millions FY 2025 Net income from continuing operations $ 649.5 Adjustments: Restructuring and other 31.3 Transformation costs
Slide 40: Reported To Adjusted 2026 Reconciliation
Reported To Adjusted 2026 Reconciliation Pentair plc and Subsidiaries Reconciliation of the GAAP Year Ending December 31, 2026 to the Non-GAAP Excluding the Effect of 2026 Adjustments (Unaudited) Forecast First Full In millions, except per-share data Quarter Year Net sales approx Up 1% - 2% approx U
Slide 41: 2026 EBITDA Reconciliation
2026 EBITDA Reconciliation Pentair plc and Subsidiaries Reconciliation of Net Income from Continuing Operations to EBITDA for the Year Ending December 31, 2026 (Unaudited) Full Year at Midpoint of In millions Outlook Net income from continuing operations approx $ 827 Adjustments: Intangible amortiza
Slide 42: Supplemental Information - 2026 Segment Reporting
Supplemental Information - 2026 Segment Reporting
Slide 43: 2026 Segment Reporting
2026 Segment Reporting Pentair plc and Subsidiaries Supplemental Financial Information by Reportable Segment - 2026 Segment Reporting (Unaudited) 2025 2024 2023 First Second Third Fourth Full First Second Third Fourth Full First Second Third Fourth Full In millions Quarter Quarter Quarter Quarter Ye
Slide 44: 2025 vs. 2026 Segment Reporting
2025 vs. 2026 Segment Reporting Pentair plc and Subsidiaries Supplemental Financial Information by Reportable Segment - 2025 vs 2026 Segment Reporting (Unaudited) 2025 2024 2023 First Second Third Fourth Full First Second Third Fourth Full First Second Third Fourth Full In millions Quarter Quarter Q