Pentair Plc. · NYSE:PNR
Pentair — Q3 2026 Earnings Presentation
27 slides from Pentair's earnings presentation, Oct 27, 2026
Slide 1: Q3 2026 Earnings Release
- Picture to be updated Q3 2026 EARNINGS RELEASE OCTOBER 27, 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
Executive Summary • Q3 Adjusted Operating Income & Adjusted EPS exceeded expectations • Solid performance from all Segments • Pool channel inventory destock completed in Q3 • Completed strategic acquisition of Taco Group Holdings on October 1, 2026 • Announced Bob Hau as incoming Pentair CFO 4 Q3 20
Slide 5: Q3 Overview
Q3 Overview Solid Q3 Performance Sales Adjusted Operating Income ROS Adjusted EPS (4%) YoY (8%) YoY (90 bps) YoY (5%) YoY $1,022M 25.7% 24.8% $1.24 $976M $263M $1.18 $242M Q3'25 Q3'26 Q3'25 Q3'26 Q3'25 Q3'26 Q3'25 Q3'26 ❑ Year over year performance driven by previously communicated Pool channel inve
Slide 6: Taco Update
Taco Update High Growth Platform with Margin Improvement Opportunity ✓ Taco acquisition closed on October 1, 2026 >$620M ~$560M >10% ✓ Taco represents a high growth platform ~23% Growth – Taco exceeding previous expectation and entering 2027 with significant momentum ~$455M Growth ✓ 2026 Sales Estim
Slide 7: Strategic Rationale & Benefits of Taco Acquisition
Strategic Rationale & Benefits of Taco Acquisition ✓ Creates a broader water-management platform extending into water circulation and hydronic flow control, and adding a market-leading brand to Pentair’s world-class water solutions portfolio – Creates opportunities to leverage Pentair’s existing res
Slide 8: Pool Growth Strategy
Pool Growth Strategy OUT-SELL OUT-SUPPORT • Outgrow the market through coverage • Deliver the #1 customer experience and execution • Educate and support across the • Win locally on acquisition and retention customer journey • Reinforce Pentair Pool as the industry's most trusted partner DEALERS AT T
Slide 9: Q3'26 Pentair Performance
Q3’26 Pentair Performance Sales Adjusted Operating Income $263M $1,022M $10M Flat $976M $15M $242M $36M ($9M) ($1M) ($92M) ($26M) (4%) Tariff Refunds (8%) ~$8M YoY YoY Gross Inflation ~($34M) ROS ROS (9 pts) 4 pts 1 pt 0 pts (4 pts) 25.7% 0.3% (0.1%) (2.5%) 1.4% 24.8% (1 pt) Vol/Price Q3’25 Volume P
Slide 10: Q3'26 Flow Performance
Move Water Q3’26 Flow Performance Sales Segment Income $10M $262M $251M $8M ($1M) $8M Flat $9M $69M ($6M) $60M ($8M) 4% 15% YoY Tariff Refunds YoY ~$1M Gross Inflation ~($9M) ROS ROS (2 pts) 3 pts 4 pts (1 pt) 4 pts 23.7% 2.4% (0.1%) (3.2%) 3.4% 26.2% (1 pt) Vol/Price Q3’25 Volume Price Acq./Div. FX
Slide 11: Q3'26 Water Solutions Performance
Improve Water Q3’26 Water Solutions Performance Sales Segment Income $416M $14M Flat $1M $422M $1M $4M $121M $12M Flat ($9M) $104M Tariff Refunds ~$6M 1% 16% Gross Inflation YoY YoY ~($5M) ROS ROS (2 pts) 3 pts 0 pts 0 pts 1 pt 25.0% 2.5% (0.1%) 0.2% 1.1% 28.7% (1 pt) Vol/Price Q3’25 Volume Price Ac
Slide 12: Q3'26 Pool Performance
Enjoy Water Q3’26 Pool Performance Sales Segment Income $354M $116M $14M Flat Flat $291M Flat ($29M) $3M $72M ($77M) ($18M) (18%) (38%) Tariff Refunds YoY ~$1M YoY Gross Inflation ROS ~($19M) ROS (22 pts) 4 pts 0 pts 0 pts (18 pts) 32.8% (4.0%) 0.0% (5.0%) 0.8% 24.6% (1 pt) Vol/Price Q3’25 Volume Pr
Slide 13: Balance Sheet and Cash Flow
Balance Sheet and Cash Flow* Debt Summary Cash Flow ($M) $1,484M** Maturity Q3 2026 Q3 2025 YTD 2026 YTD 2025 Net Income – Continuing Ops $145 $184 $434 $488 $783M ~53% Fixed 2029 – 2032 Amortization 15 14 46 42 Subtotal $160 $198 $480 $530 Depreciation 15 15 45 45 $701M ~47% Variable 2027 – 2030 Ca
Slide 14: Q4 and Full Year 2026 Pentair Outlook
Q4 and Full Year 2026 Pentair Outlook • Increased confidence and reaffirming midpoint of previous Q4’26 FY’26 (vs 7/28/2026 Guidance) guide and expect full year 2026 Total Sales up ~7% to 9% Total Sales down ~3% (vs down ~4% to 7%) Adj. EPS of ~$4.70 Sales Sales • Flow up LSD • Flow up MSD (vs up MS
Slide 15: Key Takeaways
Key Takeaways 1 Pool segment positioned for robust growth in 2027, with no end-market recovery assumed 2 Completion of Taco acquisition adds a high growth platform and accretive EPS in 2027 3 Flow & Water Solutions segments continued to execute profitable growth strategies 4 Tariff recoveries provid
Slide 16: 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 Productivity initiatives to drive operational efficiencies and margin expansion Sustainability focus on People, Planet and Governance to provide smart, sustainable water solutions
Slide 17: Pentair
> PENTAIR
Slide 18: Appendix: GAAP to Non-GAAP Measurements & Reconciliations
Appendix GAAP TO NON-GAAP MEASUREMENTS & RECONCILIATIONS
Slide 19: Reported to Adjusted 2026 Reconciliation
Reported to Adjusted 2026 Reconciliation Pentair plc and Subsidiaries Reconciliation of GAAP to Non-GAAP Financial Measures for the Year Ending December 31, 2026 Excluding the Effect of 2026 Adjustments (Unaudited) Actual Forecast First Second Third Fourth Full In millions, except per-share data Qua
Slide 20: 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 21: Segment Information
Segment Information Pentair plc and Subsidiaries Supplemental Financial Information by Reportable Segment (Unaudited) 2026 2025 First Second Third Nine First Second Third Nine In millions Quarter Quarter Quarter Months Quarter Quarter Quarter Months Net sales Flow $ 258.1 $ 263.7 $ 262.5 $ 784.3 $ 2
Slide 22: 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 Ended September 30, 2026 (Unaudited) Q3 Net Sales Growth Core Currency Acq. / Div. Total Total Pentair (5.5)% —% 1.0 % (4.5)% Flow 1.0 % (0.
Slide 23: 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) Three months Three months Three months Nine months ended ended ended ended March 31, June 30, September 30, September 30, In millions 2026 2
Slide 24: ROIC Reconciliation
ROIC Reconciliation Pentair plc and Subsidiaries Return on Invested Capital (ROIC) (Unaudited) Third Fourth First Second Third Quarter Quarter Quarter Quarter Quarter Dollars in millions 2025 2025 2026 2026 2026 Adjusted operating income $ 262.6 $ 251.7 $ 259.1 $ 236.6 $ 242.0 Reported effective tax
Slide 25: Last Twelve Months EBITDA Reconciliation
Last Twelve Months EBITDA Reconciliation Pentair plc and Subsidiaries Reconciliation of Net Income from Continuing Operations to EBITDA (Unaudited) Fourth First Second Third Last Quarter Quarter Quarter Quarter Twelve In millions 2025 2026 2026 2026 Months Net income from continuing operations $ 161
Slide 26: 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 In millions Outlook Net income from continuing operations approx $ 605 Adjustments: Intangible amortizatio
Slide 27: Taco Group Holdings EBITDA Reconciliation
Taco Group Holdings EBITDA Reconciliation Reconciliation of Net Income (Loss) to EBITDA (Unaudited) of Taco Group Holdings Twelve months ended Nine months ended In millions December 31, 2025 September 30, 2026 Net income (loss) $ 31 $ (13) Adjustments: Intangible amortization 4 2 Depreciation 10 10